MLB Trade Rumors

The Pirates have announced that they’ve signed Konnor Griffin to a nine-year extension. The news was first reported by Jon Heyman of The New York Post this morning. The deal runs through the 2034 season, and MLB.com’s Mark Feinsand reports that the deal is worth $140MM. Heyman adds that the deal includes incentives that could take the deal up to $150MM for the Excel client, while Joel Sherman of the New York Post reports that there are no options or deferred money in the deal. Sherman adds that the deal’s incentives are based on MVP voting for the 2026-31 seasons. According to Noah Hiles of the Pittsburgh Post-Gazette, the deal includes a $12MM signing bonus. $5MM of that bonus will be paid out this year, followed by $3.5MM in 2027 and $3.5MM in 2028.

ESPN’s Buster Olney first reported that the sides were working on a deal in the range of nine years and $140MM last week, and now the deal is done. Even as the sides working on an extension has been common knowledge for a while now, it’s still surely a huge relief to Pirates fans that the deal is officially done. The consensus top prospect in the sport is now locked up through the end of the 2034 season, giving Pittsburgh three additional years of team control over their up-and-coming star. The term is convenient for Griffin as well. The youngster is still a few weeks shy of his 20th birthday, meaning that he’ll hit free agency ahead of his age-29 season when the deal wraps up in 2034. That should leave Griffin in line for a massive payday down the line, assuming he plays up to expectations.

Those expectations are certainly lofty. The youngster has gotten rave reviews from prospecting outlets across the board, and he’s viewed as a legitimate five-tool player with MVP-level upside. He’s certainly done everything he can to support those fawning evaluations so far. In his first professional season last year, he slashed .333/.415/.527 across three levels of the minors with 21 homers, 23 doubles, four triples, and a whopping 65 steals in just 122 games. He did all that while playing impressive defense at shortstop, and picked right back up where he left off upon starting the season at Triple-A. He went 7-for-16 (.438 average) with three steals, three doubles, and more walks than strikeouts in five games with the Pirates’ Indianapolis affiliate before they pulled the trigger and called him up to the majors.

Since being promoted to the majors, Griffin has struggled somewhat, with a .176/.300/.235 slash line in his first five games. There’s not much reason to put significant stock into a sample size that small, but it is worth noting that Griffin isn’t exactly guaranteed to hit the ground running in the majors. There’s a reason Juan Soto was the last hitter to reach the majors as a teenager before Griffin, and even Mike Trout was a below-average hitter in the majors at Griffin’s age. For the time being, Griffin’s exceptional speed on the base paths and strong defense at shortstop are already a big asset for the Pirates even if the star-level hitting contributions come later.

The extension makes Griffin the highest-paid Pirates player in franchise history, and puts a bow on a busy offseason where the club got aggressive in its efforts to contend. Brandon Lowe, Ryan O’Hearn, and Marcell Ozuna were all brought in this winter by the Pirates after the club missed on some much bigger fish like Kyle Schwarber, Kazuma Okamoto, and Eugenio Suarez to whom they were linked. Even with those top-tier pieces signing elsewhere, Pittsburgh has undeniably upgraded their offense in a big way as they try to make the most of the time during which they’ll have both Griffin and reigning NL Cy Young award winner Paul Skenes in the same uniform. All that spending has raised the luxury tax payroll considerably, and RosterResource indicates that their figure sits just under $127MM for luxury tax purposes at the moment. That should rise to the $142MM range once Griffin’s extension is accounted for.