They feel and seem high; however, inflation only goes one way, and one thing I think we've seen regarding changes in contracting, is that what separates the contracts from the very good (or better) vs the contracts for "serviceable"/"solid" has been more about years and overall contract than AAV. So by that I mean, teams are willing to pay a higher AAV to keep contracts short-term, and thats why the AAV of these contracts seem high.
In baseball, its rare that contracts "snap back" but not uneard of. There are years when free-agency gets especially wacky, but I dont think this is one of those years. Just like theres trends to what we are all looking for in ballplayers (obp vs power vs defense) some "eras" seem to prioritize one over the other, I think the current contracting "era" is that average players get 20-25m for 1-3 years and significantly better than average players get 24-30m for significantly more years (of course age when inking the contract matters a lot as well).
Think of it like this: people use to haggle on price when buying a car. But these days, the price is kind of the price (excluding third party sales) and maybe you can get them down a little, but where you negotiate these days is "I want free tune-ups for 3 years" or "I want a free set of extra floormats"
Relative to baseball contracts, I think the AAV are becoming less variable , and they seem to be high teens -low twenties for "useful" playres and mid-twenties to low thirties for better than useful players. But where the negotation come in are the structure (opt-outs, protections, incentive vs guaranteed, years)