June 17, 2021

David Peralta and Miguel Sanó Gain Security With Similar Extensions (FanGraphs)

There was an unusual flurry of contract extensions handed out last offseason. In March alone, teams guaranteed over $1 billion in new contract extensions to 11 players — Mike Trout’s record-breaking 10-year, $360 million contract was the centerpiece. In all, 26 players signed a new contract extension between the end of the 2018 World Series and the beginning of the regular season with seven more getting ink on the page in early April. It was an unprecedented outbreak of extensions for players young and old (ish). We’ve already seen five contract extensions since the end of the World Series this offseason, including new contracts for Aroldis Chapman, José Abreu, and Luis Robert. Now we have two more to add to the list in David Peralta and Miguel Sanó.

The first was signed on Friday when Peralta agreed to a three-year, $22 million contract extension with the Diamondbacks. The deal buys out the 32-year-old’s final season of arbitration and his first two years of free agency. He won’t receive a raise on his salary from last season ($7 million) like he would have in arbitration, but the guaranteed salary over the next three years makes it a nice trade-off. After…

Read “David Peralta and Miguel Sanó Gain Security With Similar Extensions” at FanGraphs