Jose Ramirez

One month after agreeing to an extension that will keep him in Cleveland through 2028, Jose Ramirez and his agent spoke with ESPN’s Alden Gonzalez about how the new contract came together. The third baseman’s deal, which tacked on $115MM in new money to a pair of team-friendly club options, was widely considered to be a shrewd move by the Guardians’ frugal front office. While that may continue to be the case, Ramirez makes it abundantly clear to Gonzalez that his camp was not outmaneuvered.

Per Ramirez’s agent, Rafa Nieves, the star third baseman was flatly told that the club couldn’t afford to pay Ramirez “what [he was] worth”. Instead of welcoming a trade like former teammate Francisco Lindor, Ramirez doubled down on his desire to win a World Series with Cleveland and retire as a rare one-team Hall of Famer. “[W]hen I was a kid looking for an opportunity, this is the organization that gave it to me,” Ramirez recounted. “It was also the team I reached the big leagues with, that gave me my first contract. My dream was to stay here, in this organization. And also my daughter was born in Cleveland, too. I feel a part of that community.”

Accordingly, Ramirez dismissed the difference of earning power in Cleveland versus elsewhere and insisted that a deal get done. Nieves, for his part, mentioned that he and others tried to talk Ramirez out of the deal, and that Cleveland’s final offer was only incrementally better than previous offers thanks to a no-trade clause and lack of salary deferrals.

The exact difference in earning power will forever be speculative, though industry insiders believe that any team who traded for Ramirez would have immediately offered an extension approaching $200MM in new money. In a world where Ramirez reached free agency without an extension, a $35MM annual contract value, equal to the value established by Angels third baseman Anthony Rendon, seemed entirely attainable as well.

Two of Ramirez’s most ardent pursuers on the trade market, the Blue Jays and Padres, would have had various levels of money to allot for a nine-figure contract to their shiniest acquisition. Toronto seems like a prime candidate to issue a hypothesized $200MM contract, whereas the Padres seemingly remain on a quest to shed payroll instead of add to it.

Complicating either trade scenario as well is the fact that both teams have third base spoken for, with Matt Chapman and Manny Machado entrenched at the hot corner for both clubs, meaning a shift to second base would’ve been likely for Ramirez. It’s all moot now of course, but it may please Toronto and San Diego fans who came away empty in their team’s pursuit of Ramirez to know that their keystone players currently rank sixth and fourth in league-wide offensive production.

It’s incredibly soon to declare a final of assessment of Jose Ramirez’s new contract, but the early returns for his club (as well as those who pursued him) are promising. Through 24 games, the switch-hitting All-Star has hit a robust .318/.419/.659 (217 OPS+) with more walks than strikeouts, establishing a pace that may finally net the slugger MVP honors.

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.

Since the end of the lockout, the Guardians have had “on and off” discussions with the representatives for star third baseman José Ramírez, reports Paul Hoynes of Cleveland.com. Hoynes characterizes the talks as exchanging ideas about players who could be considered comparable to Ramírez as opposed to floating actual frameworks for a deal.

It’s not surprising to hear the Cleveland front office has gotten in touch with Ramírez’s reps. The three-time All-Star is controllable for two more seasons, but it stands to reason the Guardians would want some idea about the kind of money it’d take to keep him around for the long haul. Ramírez is, after all, one of the game’s best players. The switch-hitting third baseman broke out as a superstar in 2017, and he’s been among the most valuable players in the sport over the past half-decade.

Going back to the beginning of the 2017 campaign, only Mike Trout and Mookie Betts edge out Ramírez among position players by FanGraphs’ measure of Wins Above Replacement. Ramírez owns a .280/.365/.547 line in that time, offensive production that checks in checks in 39 percentage points above average by measure of wRC+. That’s the 15th-highest mark among qualifiers, and Ramírez pairs that offensive damage with excellent marks for both his baserunning and defense at the hot corner.

Cleveland signed Ramírez to an incredibly team-friendly deal just before he took his game to new heights. In March 2017, they inked him to a $26MM guarantee that extended their window of team control by three seasons. He’ll play this season on an $11MM salary and is controllable in 2023 via a $13MM club option that’s a lock to be exercised barring catastrophic injury.

That extension delayed Ramírez’s path to the open market, and he’s not slated to hit free agency (assuming next year’s option is picked up) until the advance of his age-31 campaign. Accordingly, he won’t command a decade-long commitment in the Corey Seager mold, but teams have still paid a fair amount for slightly older star position players in recent offseasons. George Springer landed a six-year, $150MM deal from the Blue Jays heading into his age-31 season last winter; Marcus Semien picked up $175MM over seven years from the Rangers this offseason at the same age.

If he keeps playing at his current form over the next couple years, Ramírez would quite likely beat those deals in free agency. His camp could justifiably argue he’s a better player than either Springer or Semien, and the overall market could be more robust as teams move further away from the lost revenues in 2020. Draft pick compensation for free agents, which applied to both Springer and Semien, could also be pulled from the collective bargaining agreement depending on the status of an international draft.

The Guardians wouldn’t pay an open market price for Ramírez two years in advance, but it’d still register as a surprise if they went to the level it’d take to keep him in Cleveland long-term. The franchise has never gone above $60MM in guarantees on any individual player. A Ramírez extension would probably cost more than double that amount. Cleveland has had a bottom five player payroll in each of the past two years, and they’re currently slated to head into 2022 with around a $56MM mark, in the calculation of Jason Martinez of Roster Resource.

Owner Paul Dolan would probably have to greenlight more spending in the future to keep Ramírez around. The post-2023 payroll slate is wide open, but it’s tough to imagine the Guardians allocating 40-50% of their annual payroll to a single player. Hoynes writes that the front office is conferring with Dolan about the long-term spending plans and that no further negotiations with Ramírez have presently been scheduled. It stands to reason the front office will reengage with their star player once they have a better understanding about the kind of resources that’ll be at their disposal.

With their two years of club control, the Guardians don’t have to hammer out a deal with Ramírez in the coming weeks or months. So long as no extension is in place, however, chatter figures to mount about his future. That’s particularly true if the Guardians struggle early in the season.

Ramírez’s name was floated briefly in trade rumors this winter, with the Blue Jays among the teams to inquire about his availability, but it never seemed likely Cleveland would ship him out over the offseason. A rough first half for the team would probably result in increased speculation about a Ramírez trade as the deadline gets closer. Cleveland would surely prefer to avoid that situation — either by keeping him for the long haul or playing well enough in the season’s first couple months there’s no question about their direction come July.