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Details On Jose Ramirez’s Contract Extension

By Anthony Franco | April 14, 2022 at 1:04pm CDT

Shortly before Opening Day, the Guardians and star José Ramírez agreed to an extension that’ll keep him in Cleveland through the 2028 campaign. Ramírez was already under club control for two seasons at a combined $26MM via a pair of options, and it was initially reported the team would lock in those options while tacking on $124MM over five subsequent years.

That’s not quite the case, as Jon Heyman of the New York Post reports (on Twitter) that Ramírez will be guaranteed $141MM over seven seasons. That comes out to $115MM in new money (assuming the Guardians would’ve exercised their 2023 option). It’s treated as a seven-year deal with an average annual value of approximately $20.1MM for competitive balance tax purposes, although it seems likely Cleveland’s payroll won’t approach luxury tax levels anyhow.

Heyman specifies the year-by-year breakdown of the extension:

2022: $22MM
2023: $14MM
2024: $17MM
2025: $19MM
2026: $21MM
2027: $23MM
2028: $25MM

Ramírez’s deal contains a full no-trade clause, as initially reported. It also includes various incentives upon awards finishes. While the guarantee is a bit lighter than initially believed, the three-time All-Star makes more money up-front than he would’ve had the Guardians simply tacked on five seasons of new money in 2024 and beyond.

He’d initially been set to play this season on a $12MM salary, but he’ll nearly double that figure with this new agreement. The deal brings Cleveland’s player payroll for this season up to around $69MM, per Jason Martinez of Roster Resource. That’s well above last season’s approximate $50MM mark, per Cot’s Baseball Contracts, although it still checks in 27th league-wide.

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View Comments (28)

Comments

  1. The best23

    10 months ago

    I don’t know what he like in Ohio

    Reply
    • Ƭ̵̬̊ Player Formly Known As MousecopƬ̵̬̊

      10 months ago

      Rock h Roll HIF?

      Reply
    • SalaryCapMyth

      10 months ago

      The Cleveland Orchestra is one of the best in the world.

      Reply
    • SystemQB

      10 months ago

      2nd best hospital on Earth?

      Reply
    • enjoylindor

      10 months ago

      The cost of living, obviously

      Reply
    • Gothamcityriddler

      10 months ago

      Mostly, not being around people like you. Ahahaha!

      Reply
    • Airo13

      10 months ago

      Read somewhere that he liked the idea of being on one team his entire career to help his hall of fame chances.

      Reply
  2. MannyBeingMVP

    10 months ago

    Smart move by the Guardians!

    Reply
  3. KingSall77

    10 months ago

    The Gaurdians Need to build a roster around Ramirez

    Reply
    • Polish Hammer

      10 months ago

      Problem is it is hard to do that when most of their top prospects are SS/2B types.

      Reply
  4. 48-team MLB

    10 months ago

    *SPIDERS

    Reply
  5. In nurse follars

    10 months ago

    Not my money, not my business. Just happy to watch him play.

    Reply
  6. DocBB

    10 months ago

    He should fire his agent…he got AlbiesED!

    Reply
    • Digdugler

      10 months ago

      It sounds like he knew he was taking a big discount but wanted to stay in Cleveland and knew it was the only way. Bizarre but his life. Also $141M is probably about $140M more than I will make in my whole life.

      Reply
    • 48-team MLB

      10 months ago

      ALBIES HAS A WORLD SERIES RING.

      Reply
      • Dustyslambchops23

        10 months ago

        What does that have to do with the comment?

        Reply
        • thebluemeanie

          10 months ago

          Nothing. That’s just Trolly Trollington.

    • David C

      10 months ago

      The Ramirez extension does represent a home team discount by a player willing to leave some money on the table, but let’s reiterate that Ramirez still gets 141 million dollars counting the option year that was exercised…hardly chicken feed. No one sober could possibly compare this contract to the Albies extension. No comparison.

      Reply
  7. hyraxwithaflamethrower

    10 months ago

    Imagine liking Cleveland so much that you’d take a $10M+/yr discount to stay there.

    Reply
    • bestno5

      10 months ago

      No imagine you are getting $141 million.

      Reply
      • Sebago7

        10 months ago

        Bestno5. Beautifully said.

        Reply
    • In nurse follars

      10 months ago

      The fans love him and the press fawns and dotes over him. He is never booed. I think that is worth something.

      Reply
      • foppert

        10 months ago

        Not uprooting your financially secure and happily settled wife and young family might also come into play. I would suggest that’s more valuable than press, fans and excess cash.

        Reply
    • Dutch Vander Linde

      10 months ago

      He would’ve made $200mil at least in free agency.

      Reply
      • gocincy

        10 months ago

        Maybe. Or maybe he could have gone on the roller coaster that Carlos Correa went on. That rollercoaster is still going. That cannot be fun.

        Reply
        • Dustyslambchops23

          10 months ago

          Corrrea got a 275mil offer so it was a self imposed rollercoaster

      • Avory

        10 months ago

        @ Dutch Vander Linde

        Which he was two long years away from.

        Or don’t you get that?

        Which means he also might not have gotten squat.

        This is a GUARANTEE.

        What is wrong with people?

        Reply
  8. Col_chestbridge

    10 months ago

    It being front loaded is a good idea by the team. They had payroll room (they had enough to pursue both Winker and Olson in a trade), and realistically nothing else to spend on unless you really like Conforto. Front loading means Jose can invest some of that and hopefully watch it grow, where $10m in 2022 is likely worth more than $10m in 2025 considering inflation. Worke for both sides quite well.

    Reply

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