Details on Jose Ramirez’s contract extension

Shortly before opening day, the Guardians and the star Jose Ramirez agreed to an extension that will keep him at Cleveland through the 2028 campaign. Ramírez was already under the club’s control for two seasons at a combined $26 million via a pair of options, and it was initially reported that the team would lock in those options while tacking on $124 million over the next five years.

That’s not quite the case, as Jon Heyman of the New York Post reports (on Twitter) that Ramírez will be guaranteed $141 million over seven seasons. That’s $115 million in new money (assuming the Guardians exercised their 2023 option). It’s being treated as a seven-year deal with an average annual value of about $20.1 million for tax-competitive purposes, though it seems likely Cleveland’s payroll won’t approach the levels anyway. luxury tax.

Heyman specifies the year-by-year distribution of the extension:

2022: $22 million
2023: $14 million
2024: $17 million
2025: $19 million
2026: $21 million
2027: $23 million
2028: $25 million

Ramírez’s deal contains a full no-trade clause, as originally stated. It also includes various incentives at the end of the rewards. Although the guarantee is a little lighter than initially thought, the three-time All-Star is making more money up front than he would have just ensured the Guardians had five seasons of money. fresh in 2024 and beyond.

He was originally slated to play this season on a salary of $12 million, but he will almost double that figure with this new deal. The deal brings Cleveland’s player payroll for this season to about $69 million, according to Jason Martinez of Roster Resource. That’s well above last season’s rough $50 million mark, according to Cot’s baseball contracts, though he’s still ranked 27th league-wide.