Astros general manager Dana Brown has provided frequent updates throughout Spring Training regarding the club’s extension discussions with a number of players. After Houston got a deal done with Cristian Javier early in the spring, Brown expressed varying levels of optimism about the chances of productive talks with the likes of Kyle Tucker, Framber Valdez, Alex Bregman and Jose Altuve.
Over the past few days, however, Brown has cast doubt on any short-term agreements with Tucker or Valdez. He pointed to yesterday afternoon as a loose target date for extensions with either player (though he clarified it wasn’t an official deadline before cutting talks). No deal has materialized, and Brown similarly indicated it’s unlikely there’ll be any forthcoming contracts with Bregman or Altuve.
Speaking with Chandler Rome of the Houston Chronicle, the first-year GM pointed to next offseason as a likelier target for deals with either player. “It’s probably going to be more like next year,” Brown said. “We made it clear that we want to keep them both around. This is part of getting through (2025), getting to (2026), some more time to replenish the system without overhauling the roster.”
While Brown didn’t walk back any comments from earlier in exhibition play, it’s a departure from some of the enthusiasm he’d expressed a few weeks ago. He’d told reporters in mid-February the club was hoping to make both Altuve and Bregman career-long Astros. The GM indicated at the time that he’d said as much to agent Scott Boras, who represents both players.
Of course, putting talks on the back-burner doesn’t rule that out for either player. Both Altuve and Bregman have already signed early-career extensions (two, in the former’s case) and remain under contract for two more years. Altuve will make $26MM in each of the next couple seasons, while Bregman is due $28.5MM annually through 2024.
Altuve is trending towards the open market in advance of his age-35 season. He’s not yet shown any signs of slowing down, as he’s coming off one of the best years of his career. He hit .300/.387/.533 with 28 home runs, a career-best 10.9% walk rate and an excellent 14.4% strikeout percentage in 604 plate appearances. Outside of the 60-game schedule, Altuve has remained one of the sport’s top offensive players.
Bregman is slated to hit free agency headed into his age-31 campaign. His bat has taken a step back from its MVP-caliber level of 2018-19, but he’s remained a well above-average hitter. Bregman is coming off a .259/.366/.454 line with 23 longballs and more walks than strikeouts (13.3% versus 11.7%) through 656 trips to the dish. Few hitters can match that control of the strike zone, and Bregman generally pairs that consistently strong offense with plus defensive marks at third base.
The Astros head into the 2023 campaign with a luxury tax payroll calculated by Roster Resource around $218MM. That’s about $15MM shy of the base threshold. Houston has once paid the CBT, going narrowly above the mark in 2020. They have a little over $100MM in estimated CBT commitments by the 2025 campaign, when new deals for Altuve and/or Bregman would ostensibly begin.
Tucker and Valdez will each be in their final season of arbitration eligibility that year barring extensions. Brown and owner Jim Crane could be faced with some difficult decisions a year or two down the line, though the club is in very strong shape for the immediate future. Of the current roster, only veterans Michael Brantley and Martín Maldonado and relievers Phil Maton and Ryne Stanek are headed towards free agency next winter.