Breaking down the offseason’s biggest free agent contracts

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Now that James Shields is off the board, signing a four-year deal with the Padres said to be worth around $75 million, we have a clear picture of all the major free agent spending that went on this offseason.

First, here’s how our own Matthew Pouliot ranked this offseason’s free agents in terms of how much he expected them to be desired by teams way back on October 31:

1. Max Scherzer
2. Jon Lester
3. Yasmany Tomas
4. Hanley Ramirez
5. James Shields
6. Pablo Sandoval
7. Russell Martin
8. Victor Martinez
9. Nelson Cruz
10. Chase Headley
11. Ervin Santana

And here’s how this offseason’s free agents rank in terms of actual contract values received:

1. Max Scherzer, $210 million
2. Jon Lester, $155 million
3. Pablo Sandoval, $95 million
4. Hanley Ramirez, $88 million
5. Russell Martin, $82 million
6. James Shields, ~$75 million
7. Yasmany Tomas, $68 million
8. Victor Martinez, $68 million
9. Nelson Cruz, $57 million
10. Ervin Santana, $55 million
11. Chase Headley, $52 million

Those are the 11 free agents who topped $50 million. Pouliot’s top 11 ended up being the same as the actual top 11, although there were some minor changes in the order.

Still, despite having to wait until February 8 and despite all kinds of reports about teams not valuing him as much as everyone expected, Shields ended up more or less where Poulipt predicted and got significantly more money than every other free agent pitcher except for Scherzer and Lester.

Rays’ Díaz gets $24 million, three-year deal, avoids arbitration

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ST. PETERSBURG, Fla. – Tampa Bay Rays infielder Yandy Díaz agreed to a $24 million, three-year contract on Tuesday that avoided a salary arbitration hearing.

Díaz’s agreement could be worth $36 million over four seasons.

The 31-year old will receive $6 million this season, $8 million in 2024 and $10 million for 2025. The 2026 club is $12 million with no buyout. There is a $1 million assignment bonus that would be payable by receiving team.

Díaz has spent parts of six seasons in the majors with Cleveland (2017-18) and Tampa Bay (2019-22). He has a career average of .278 with 39 home runs and 198 RBIs.

Acquired by the Rays in a three-team trade on Dec. 13, 2018, Díaz hit .296 with nine homers and 57 RBIs in 137 games last season, He career highs with 71 runs, 140 hits, 33 doubles, and 78 walks.

Díaz was the third Rays’ arbitration-eligible player to reach a deal.

Reliever Pete Fairbanks agreed Friday to a $12 million, three-year contract that could be worth up to $24.6 million over four seasons. The 29-year-old right-hander was 0-0 with a 1.13 ERA in 24 appearances last year after beginning the season on the 60-day injured list with a right lat strain.

Left-hander Jeffrey Springs also agreed last week to a $31 million, four-year contract that could be worth $65.75 million over five seasons.

The 30-year-old began last season in the bullpen and transitioned to the starting rotation in May and finished 9-5 with a 2.46 ERA in 33 appearances, including 25 starts.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, and outfielder Harold Ramírez.