The Diamondbacks and outfielder Corbin Carroll are in agreement on an eight-year extension worth at least $111MM in guaranteed money. The deal also contains a $28MM club option for the 2031 season, and an additional $20MM is available in escalators covering the 2029-31 seasons. Carroll is represented by CAA Sports.
The deal begins with a $5MM signing bonus for Carroll and a $1MM salary this season. Carroll will then earn $3MM in 2024, $5MM in 2025, $10MM in 2026, $12MM in 2027, $14MM in 2028, and then $28MM in each of the 2029 and 2030 seasons. The $28MM club option for 2031 contains a $5MM buyout. The $20MM in escalator clauses are mostly related to Carroll’s finishes in awards voting during the course of the deal.
The extension will buy out the remainder of Carroll’s club-controlled years, as well as at least two of Carroll’s free agent years, depending on whether or not the option is exercised. Since Carroll is only 22 years old, he’ll still be able to hit free agency at age 31 even if the D’Backs to pick up that option year.
It’s an aggressive move from Arizona to lock up the future face of their franchise, as Carroll is the centerpiece of what the D’backs hope is a new wave of young talent to their big league roster. The team has also made history with this deal, as this is the largest contract ever signed for a player with fewer than 100 days of Major League service time (and no experience in foreign leagues), comfortably eclipsing the $70MM Atlanta gave Michael Harris last year.
Carroll debuted for the Diamondbacks last season and hit .260/.330/.500 with four home runs over 115 plate appearances. He also provided plenty of value in the field, earning five Outs Above Average in his small amount of work in the outfield. Crucially, Carroll fell 15 plate appearances short of reaching 130 last season, which means he’ll still be eligible for Rookie of the Year honors in 2023.
The 16th overall pick, Carroll quickly made a name for himself as an exciting young prospect coming through the Diamondbacks’ system. He hit .299/.409/.487 in his first year of pro ball as a 19-year-old in 2019, then missed the 2020 minor league season due to the pandemic. A dislocated shoulder saw him miss significant time in 2021, but he made up for it in 2022, belting 24 home runs and hitting .307/.425/.611 across three minor league levels to earn his first call up to the big leagues.
The Athletic’s Keith Law ranked Carroll as his top overall prospect in the sport recently, citing his “plus power” and “advanced plate discipline” while labeling him a “true center fielder”. There’s no question Carroll is one of the game’s brightest stars, and the type of player teams dream of building a roster around.
Carroll’s name did come up in trade chatter earlier this winter as the Diamondbacks looked to ease a bit of an outfield logjam, but it always seemed he was off-limits and the team ultimately wound up sending Daulton Varsho to Toronto for Gabriel Moreno and Lourdes Gurriel Jr.
Law ranked the Diamondbacks as having the fourth best farm system in the game, and indeed the team is well setup to contend in the future with a bevy of young talent on the way. Carroll is the big name there, but Moreno, Jordan Lawlar, Druw Jones and co will mean the team has plenty of talent arriving over the next few seasons.
As far as the financials go, the D’Backs have placed a big bet on a player with only 32 MLB games under his belt. However, if Carroll comes anywhere close to living up to the hype, the extension will become a very good piece of business from GM Mike Hazen. It’s unclear yet how the contract will be distributed, but it comes with a $13.875MM AAV. Arizona has a lot of money coming off the books this year, and with only $32MM in guaranteed payroll for 2025 (Carroll accounts for almost half of that). While the Diamondbacks have traditionally been a mid-range spender at best, they still have a good deal of payroll flexibility for the team to make external additions, or perhaps to sign other extensions with members of their young core.
Steve Gilbert of MLB.com was the first to report that the two sides had reached an agreement. Nick Piecoro of the Arizona Republic reported earlier in the day that Carroll and the Diamondbacks were “making progress” on an extension, and Piecoro also had (Twitter links) details on the escalator clauses and the year-to-year salary breakdown.
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