January 10, 2023

The Correa Saga

ESPN charts the wild run of Carlos Correa through free agency. The also have the parameters of the deal with the Twins:

On Tuesday, the Twins and Correa came to terms on a deal that would guarantee $200 million over six years. Included are vesting options that pay $25 million for a seventh year, $20 million for an eighth, $15 million for a ninth and $10 million for a 10th. It also includes a full no-trade clause and annual salaries of $36 million for the first three years, followed by $31.5 million, $30.5 million and $30 million.

The maximum value is $270 million — about $7.5 million more than the Mets would have paid him through 10 years but $15 million less than the Twins were set to guarantee him the first time. The average annual value of Correa’s guaranteed deal is $33.3 million, the second-highest figure for a shortstop behind only Francisco Lindor‘s 10-year, $341 million deal with the Mets, and while the total dollars pale to Correa’s Giants deal, ending up at $200 million, following a pair of failed physicals, is far from worst-case.

ESPN.com

So if Correa stays healthy, he comes decently close to what he would have made with a clean physical. We can infer from the offer that the physicals indicate that the lower right leg might cause problems five or six years down the road. The Twins figured out a way to minimize the risk while still likely getting some very good years from Correa.

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