MINNEAPOLIS — This time, Carlos Correa‘s deal is done.
Correa passed his physical exam and signed a six-year, $200 million contract to return to the Minnesota Twins, who re-entered the most convoluted free agent negotiations in baseball history after deals with the San Francisco Giants and New York Mets fell through.
Correa agreed to a contract that could be worth $270 million over 10 seasons if the All-Star shortstop stays healthy, a uniquely structured deal the Twins assembled to jump back in contention after it appeared they’d be outspent – twice – by bigger-market franchises.
The agreements with the Giants and Mets dissolved over concerns by those clubs about the long-term viability of his lower right leg. Correa broke a bone near his ankle sliding into third base as a minor leaguer in 2014, and he had a metal plate inserted for extra support in the surgical repair.
Correa agreed Dec. 13 to a 13-year, $350 million contract with the Giants, who scheduled a news conference a week later to announce the deal. That was called off hours before it was set to begin.
Correa agreed that night to a 12-year, $315 million deal with the Mets, and high-spending owner Steve Cohen even publicly confirmed the pending agreement. But the Mets also raised concerns about the ankle after a Dec. 22 physical, and they held off finalizing the contract while attempting to negotiate protections over the next two weeks. Boras maintained last month that Correa’s tibia surgery should not have been an issue.
The Twins had more advanced insight on Correa’s health, having signed him prior to last season in a deal that Correa opted out of to hit the market again after making $35.1 million in 2022. Correa only missed time to an injured finger after being hit by a pitch and a bout with COVID-19. He played in 136 games, batting .291 with 22 homers and 64 RBIs and leading all major league shortstops with an .834 OPS.
The Mets issued a 13-word statement after the Twins announced the surprise signing of Correa for a second straight offseason: “We were unable to reach an agreement. We wish Carlos all the best.”
The deal with the Twins gives Correa an $8 million signing bonus, salaries of $32 million in each of the first two seasons, $36 million in 2025, $31.5 million in 2026, $30.5 million in 2027 and $30 million in 2028.
Then it gets more complicated, part of the design to protect the Twins once Correa turns 34. The team has options for $25 million in 2029, $20 million in 2030, $15 million in 2031 and $10 million in 2032, and those salaries would become guaranteed if Correa has 575 plate appearances in 2028, 550 in 2029, 525 in 2030 and 502 in 2031. The contract could be worth $225 million over seven seasons, $245 million over eight years and $260 million over nine seasons.
Correa’s options also could be triggered by a top-five finish in MVP voting, a Silver Slugger award or World Series or League Championship Series MVP. He gets a no-trade provision.
Correa won the 2015 AL Rookie of the Year award with Houston, a Gold Glove and Platinum Glove award winner in 2021 and twice made the All-Star team with the Astros, who drafted him first overall in 2012.
The Twins raved about Correa’s leadership during their first season together, and the native of Puerto Rico praised them right back – remarking often about how much he enjoyed the community, the ballpark and the organization. He insisted all along the Twins were in the mix to keep him, even with the bigger spenders pursuing him in a particularly lucrative offseason for shortstops.
Correa’s $33.3 million average annual salary is the 11th-highest among current players, just behind Mets shortstop Francisco Lindor‘s $34.1 million.
