$30 million man: Clayton Kershaw and the Dodgers reportedly agree to a seven-year, $215 million deal

72 Comments

People were throwing around numbers like $300 million, and this isn’t that. But it’s pretty incredible all the same: ESPN is reporting that the Dodgers and Clayton Kershaw have agreed on a seven year, $215 million contract, with an opt-out after five years. That breaks down to an average annual value of over $30 million a year.

There are good things for both sides here. The five-year opt-out provision gives Kershaw a chance to make even more than this if, come five years from now, he’s even better or still elite and the top dollars for pitchers have gone up.  Put differently: the guy who just signed a gigantic deal at age 25 can do it again at age 30 is he wants to. The amount of money this young man stands to make in the next 10-12 years is mind-boggling.

And even if the the opt-out provision is not exercised, the Dodgers are only on the hook for Kershaw through his age-32 season, which does not present nearly the sort of risk that many mega-deals do, as they often take players through their late 30s or into their 40s.

Kershaw has won two of the past three NL Cy Young Awards and was the runner up the third time. He’s 77-46 in his career with a 2.60 ERA in 184 career games.  In the past three seasons he is 51-23 with an ERA of 2.21.

He’s quite simply the best pitcher in the game. And he is now the highest paid player — on an average annual salary basis — in all of baseball.

Astros talking to Justin Verlander, Gerrit Cole about extensions

Justin Verlander
Getty Images
1 Comment

It’s extension season and Ken Rosenthal of The Athletic reports that the Astros — who already agreed to an extension with Alex Bregman — are discussing contract extensions with Justin Verlander and Gerrit Cole.

Funny thing about Verlander, by the way: when he got his current $180 million deal, most people fell into the “oh, there’s an overpay!” column. What’s more, this past winter, when everyone was talking about how bad it is to give guys big long term deals, Verlander’s name was notably absent in the conversation despite the fact that his deal has turned out to be quite good. I suppose that says something about how good the anti-long-term deal folks are at cherrypicking.

That being said, Rosenthal says “it would be an upset” if either Verlander or Cole signed extensions. I can see that. Verlander is locked up this year and has a vesting option for 2020, and a lot can happen in a year or two. Cole is a Scott Boras client and Boras clients tend to hit the market rather than sign extensions. Perhaps their former teammate, Dallas Keuchel‘s, terrible experience on the free agent market this winter will alter that calculus. Hard to say.