Devers signs 11 year $331 million extension

[Jasonbay44]

cots has the Devers contract as the th highest of all time, in total value at $331M. That's $1M more than Bryce Harper's 13 year deal and $6M more than Seager's 10 year deal.

 

In terms of $millions per year, he ranks 21st at $30.09M just behind Betts at $30.42M and ahead of these $30M players:

Scherzer x 7

Machado x 10

Ohtani x 1

 

Price still remains the all time Sox leader in AAV at $31M x 7.

Shouldn’t Trout be #1?

[Jasonbay44]

Also, I didn’t know MLB had signing bonuses. I thought that was just an NFL thing.

[Old Red]

I thought so, too, but I'm not sure they can give a singing bonus in 2023, but have it count and be spread out from 2024 to 2033.

 

I report I saw said the $20M signing bonus would be paid upfront, and then Raffy will earn $17.5M for 2023.

[moonslav59]

Shouldn’t Trout be #1?

 

Devers is 6th highest.

[moonslav59]

I report I saw said the $20M signing bonus would be paid upfront, and then Raffy will earn $17.5M for 2023.

 

Yes, I understand your point, and it makes me think the taxable contract begins in 2023.

Edited January 5, 2023 by moonslav59

[Old Red]

Yes, I understand your point, and it makes me think the contract begins in 2023.

 

To me if the $20M, and the $17.5M is subtracted wouldn’t that leave 10yrs, and $293.5M left?

[mvp 78]

To me if the $20M, and the $17.5M is subtracted wouldn’t that leave 10yrs, and $293.5M left?

 

The 20M is spread out over the course of the contract for AAV purposes I believe.

[Jasonbay44]

Devers is 6th highest.

 

Gotcha. I was wondering how Devers would be higher than Trout.

[Old Red]

The 20M is spread out over the course of the contract for AAV purposes I believe.

 

Then why are they saying it’s being paid up front?

[mvp 78]

Then why are they saying it’s being paid up front?

 

Luxury tax calculations are different than actual cash payments.

[moonslav59]

Gotcha. I was wondering how Devers would be higher than Trout.

 

For some reason, I thought I typed 6th, but it came out as "th."

[moonslav59]

Luxury tax calculations are different than actual cash payments.

 

Yes, but if it was actually paid "up front," how can the contract officially begin in 2024?

[Old Red]

Yes, but if it was actually paid "up front," how can the contract officially begin in 2024?

 

The $331M is counting the $17.5M that had already been negotiated, so call it 11/$331M, or 10/$313.5 M. Where the $20M bonus ties in?

[mvp 78]

Yes, but if it was actually paid "up front," how can the contract officially begin in 2024?

 

Again, I'm not sure if the actual contract details have been leaked. Does "up front" mean 2023? Are we 100% sure of that? Like I said earlier, there's lots of conflicting reports, so I don't know if we have the right details ATM.

[mvp 78]

The $331M is counting the $17.5M that had already been negotiated, so call it 11/$331M, or 10/$313.5 M. Where the $20M bonus ties in?

 

Is it a 1 year deal with a 10 year extension or an 11 year deal? I'm not sure we really know the answer right now.

[Old Red]

Is it a 1 year deal with a 10 year extension or an 11 year deal? I'm not sure we really know the answer right now.

 

It shouldn’t be this complicated, but I guess it is. The physical hasn’t happened yet, and as we have just recently seen anything can happen there too.

[moonslav59]

It shouldn’t be this complicated, but I guess it is. The physical hasn’t happened yet, and as we have just recently seen anything can happen there too.

 

The signing bonus being spread out over the contract term for tax purposes is simple. We just need to know when the extension officially begins.

[Old Red]

The signing bonus being spread out over the contract term for tax purposes is simple. We just need to know when the extension officially begins.

 

The bonus spread out over the contract for tax purposes is simple if that’s what it is, but we don’t know if that’s how it is, and why a report would say paid up front. $17.5M is what Raffy is being paid in 2023. That part I think is clear.

[StephenCurry30]

Jake the Big snake (I believe this is a penis joke)said that Henry and Bloom made this move in an attempt to acquire Juan soto

[StephenCurry30]

Jake Peavy on MLBN: “You put Juan Soto in this lineup next year with this guy (Devers) and Yoshida, Boston has that ability to do that. This move saves the Boston future. I've heard rumblings, Henry wants Soto and he wants to make a splash to prove he should get that NBA team, Lebron is involved too".

[Bellhorn04]

Is it a 1 year deal with a 10 year extension or an 11 year deal? I'm not sure we really know the answer right now.

 

Mark my words - Devers's 2023 AAV will be 17.5 million.

 

(It explains why the announcement of the arbitration settlement and the extension agreement came right on top of each other.)

[moonslav59]

The bonus spread out over the contract for tax purposes is simple if that’s what it is, but we don’t know if that’s how it is, and why a report would say paid up front. $17.5M is what Raffy is being paid in 2023. That part I think is clear.

 

Yes, we get the conundrum. I guess paid up front could mean upfront when the contract extension begins in 2024.

[mvp 78]

The bonus spread out over the contract for tax purposes is simple if that’s what it is, but we don’t know if that’s how it is, and why a report would say paid up front. $17.5M is what Raffy is being paid in 2023. That part I think is clear.

 

MLBTR has it as an ARB settlement and a separate 10 year extension. The 20M would be paid "up front" in '24.

[Bellhorn04]

Yes, we get the conundrum. I guess paid up front could mean upfront when the contract extension begins in 2024.

 

Well, they don't call it a signing bonus for nothing. When you sign the paper you get the money.

[moonslav59]

MLBTR has it as an ARB settlement and a separate 10 year extension. The 20M would be paid "up front" in '24.

 

MLBTR still has this wording in their article:

 

Devers was previously set to have a $17.5MM count towards Boston’s luxury tax but that number will now jump to $30.09MM. The specific breakdown of the Devers deal isn’t known, but the competitive balance tax is calculated based on the average annual value of the deal

[mvp 78]

MLBTR still has this wording in their article:

 

Devers was previously set to have a $17.5MM count towards Boston’s luxury tax but that number will now jump to $30.09MM. The specific breakdown of the Devers deal isn’t known, but the competitive balance tax is calculated based on the average annual value of the deal

 

Why are you calling Bell a liar?

[Jasonbay44]

Jake Peavy on MLBN: “You put Juan Soto in this lineup next year with this guy (Devers) and Yoshida, Boston has that ability to do that. This move saves the Boston future. I've heard rumblings, Henry wants Soto and he wants to make a splash to prove he should get that NBA team, Lebron is involved too".

 

That is a pipe dream

[moonslav59]

Why are you calling Bell a liar?

 

Why are you still making imperfect posts?

[moonslav59]

That is a crackpipe dream

 

I fixed that for you...

[mvp 78]

That is a pipe dream

 

When Soto is a FA, only Sale, Story, Yoshida and Devers will be on the books. I guess they could clear out room and go crazy? Soto's contract will be bonkers though. 15/500?