Lloyd: 4 Guardians extension candidates this spring and what it may take to strike a deal
Oct 15, 2022; Cleveland, Ohio, USA; Cleveland Guardians second baseman Andres Gimenez (0) runs to third base against the New York Yankees in the sixth inning during game three of the NLDS for the 2022 MLB Playoffs at Progressive Field. Mandatory Credit: Ken Blaze-USA TODAY Sports
By Jason Lloyd
Feb 16, 2023
Here’s the painful reality: It’s getting more difficult for teams to get long-term extensions done with pre-arbitration players. Agents are often advising them not to do it, to wait patiently through the league-minimum years, cash big checks during arbitration, then fund their great-, great-grandchildren’s retirements in free agency.
The path to getting extensions done seems to be to start earlier. Players are signing mammoth deals now before their first big-league at-bats (Eloy Jiménez) or just a few months into their careers (Michael Harris II).
With that in mind, and with this being when long-term extensions typically are finalized, here are four players I’d love to see the Guardians lock up before it’s too late. In some cases, it might be already.
Andrés Giménez
Age: 24
Contract: 6 years, $77 million
Career: 263 games, .774 OPS, 25 HRs, 97 RBIs, 39 SBs, .274 BA, 9.2 WAR
Comp: Jorge Polanco
Polanco at extension: 288 games, .749 OPS, 23 HRs, 147 RBIs, 25 SBs, .272 BA, 2.8 WAR
Giménez is already an All-Star and Gold Glove winner, two things Polanco was not when he signed a five-year, $25 million extension before his age-25 season. It’s going to be costly to keep Giménez if it’s not already too late.
The Guardians knocked the Francisco Lindor trade out of the park. With Amed Rosario entering his final year of arbitration and the Guardians stacked with shortstop prospects, it’s reasonable to believe this will be Rosario’s last year in Cleveland. But Giménez provides an opportunity to complete the contract Lindor wouldn’t take … if it’s not too late.
Giménez produced a 7.4 WAR last year, the fourth second baseman in history and the first in nearly 100 years to record at least a 7 WAR season by age 23. The other three are in the Hall of Fame: Mel Ott, Eddie Collins and Ty Cobb.
How special was Giménez last year? Roberto Alomar didn’t register his first 7 WAR season until 1999, his first year in Cleveland. By then, he was 31 and a 10-time All-Star.
A better financial comp for Giménez might be Pittsburgh’s Ke’Bryan Hayes, who signed a mammoth eight-year, $70 million deal before Opening Day last year. The extension bought out Hayes’ last two pre-arbitration years, all three rounds of arbitration and his first three years of free agency. It was the largest deal ever given to a player with between one and two years of service time.
Arizona second baseman Ketel Marte signed a five-year, $76 million deal before last season, but he was 28 and through his arbitration years already.
A six-year deal for Giménez buys out his first two years of free agency and delivers a franchise cornerstone next to José Ramírez for the rest of the decade.
Steven Kwan
Age: 25
Contract: 6 years, $41 million
Last year: 147 games, .772 OPS, 6 HRs, 52 RBIs, 19 SBs, .298 BA, 5.5 WAR
Comp: ???
There aren’t many players in the game like Kwan, which makes pinpointing a comp and an extension figure incredibly difficult.
Since 2000, only 16 rookies have recorded at least a 5 WAR. The only one who busted (not counting the more recent rookies) was Austin Jackson. The rest of the list: Troy Tulowitzki, Mike Trout, Ichiro Suzuki, Corey Seager, Adley Rutschman, Julio Rodríguez, Albert Pujols, Aaron Judge, Jason Heyward, Michael Harris II, Bryce Harper, Kris Bryant, Pete Alonso and José Abreu.
Translation: The odds are on the Guardians’ side if they want to get something done with Kwan sooner than later.
The closest comp on that list is Kwan’s idol: Ichiro. They are also the only two on the list to win Gold Gloves as rookies. The problem is Ichiro played 20 years ago and was a veteran when he arrived, so his contract terms are irrelevant.
Outfielder Michael Harris II, 21, signed an eight-year, $72 million deal with Atlanta less than three months after his debut last season ($10 million of it is a buyout on two additional option years). Harris was the Braves’ top prospect entering the season, hit 19 home runs while slashing .297/.339/.514 and won the National League Rookie of the Year Award. His salary over the first six years of the deal totals $45 million: $5 million, $5 million, $8 million, $8 million, $9 million and $10 million.
Kwan slashed .298/.373/.400 last year while finishing third in Rookie of the Year voting. Six years and $41 million is quite a raise for someone who earned $700,000 last year and made only $185,000 on a signing bonus as a fifth-round pick. It also allows the Guardians to buy out all of his arbitration years and his first year of free agency.
Since 2000, only 16 rookies have had a WAR score of at least 5. The odds are on the Guardians’ side if they want to get a deal done soon with Steven Kwan. (Ken Blaze / USA Today)
Oscar González
Age: 25
Contract: 7 years, $24 million
Career: 91 games, .789 OPS, 11 HRs, 43 RBIs, .296 BA, 2.1 WAR
Comp: Andre Ethier
Ethier’s age-24 season: 126 games, .842 OPS, 11 HRs, 55 RBIs, .308 BA, 2.4 WAR
Is this premature? Perhaps. Maybe the Guardians want to see a full season out of González before committing to him, but teams are learning the window for getting these types of extensions done is closing earlier and earlier. Sometimes teams might have to commit before they’re fully comfortable.
If González gets to all the power this year that the team believes is in his swing, his value will soar as early as next winter.
I struggled to find good comps for González since he essentially played only half a season at age 24. Ethier was the closest since he was also an age-24 rookie, but he waited until after his three arbitration years to sign a monster deal with the Dodgers.
So how about Starling Marte? González hasn’t exhibited Marte’s speed, but the other numbers (135 games, .784 OPS, 12 HRs, 35 RBIs, .280 average for Marte’s age-24 season) are similar. Marte signed a six-year, $31 million deal in 2014 that bought out his three arbitration years and his first year of free agency. Marte signed his deal a year later than when González would be signing, and Marte had a WAR (5.1) more than double what González produced last year. Again, no exact comps here. González is still considered a rookie, so seven years buys out all of his arbitration years and first year of free agency.
Tampa Bay’s Randy Arozarena will make $4 million this year as a Super Two, and Houston’s Kyle Tucker will make $5 million in his first year of arbitration. Prices only go up from there. Teoscar Hernández will make at least $14 million from the Mariners in his final year of arbitration. A deal with González now gives Cleveland cost certainty and with escalating prices could pay for itself by what would be his second year of arbitration.
Triston McKenzie
Age: 25
Contract: 5 years, $47 million
Career: 18-21, 3.68 ERA, 110 ERA+, 4.01 FIP, 368 Ks, 5.6 WAR
Comp: Germán Márquez
Márquez before extension: 26-19, 4.11 ERA, 118 ERA+, 3.88 FIP, 392 Ks, 7.7 WAR
Pitchers obviously carry more risk, and McKenzie has already suffered one significant shoulder injury. With this being his final year before arbitration, however, if the Guardians want to get something done long-term, this might be their last chance.
The best comp for a recent starter who signed with a year left before arbitration is Colorado’s Márquez, who agreed to a five-year, $43 million deal in 2019 that bought out all of his arbitration years and his first year of free agency. Márquez at the same point in his career was a year younger with better metrics. But he also signed his deal three years ago. Something in that same range seems reasonable here, too.
Projections like these are difficult and can vary widely. How desperate is a player for long-term security? How eager is a team to get something done? Do the Guardians look at Brayan Rocchio, Gabriel Arias, Tyler Freeman and a slew of middle-infield prospects behind them and decide they can trade Giménez in two to three years? Or do they believe Giménez is The One and stretch their limits of comfortability to get something done?
Does the framework for an eventual new majority owner impact any or all of these negotiations? Is David Blitzer more comfortable paying the sixth and seventh year in some of these deals? Are we certain he’ll be leading the franchise by then? We just don’t have all the answers.
Here’s what we know: The roster is young, the farm system is incredibly deep and the next wave of pitching prospects is ready to crash onto the shores of Lake Erie. My guess, and this is strictly a guess, is that Kwan and González (if the team is even interested at this point) are probably the most likely to sign extensions this spring. Regardless, life for Cleveland baseball is pretty good right now. A few extensions could make it even better for all involved.
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