Miami Marlins and Giancarlo Stanton Agree on Record-Breaking Extension
by 17 November 2014, 10:27 AM
The Miami Marlins and slugger Giancarlo Stanton have come to terms on a record-breaking 13-year, $325 million contract. Ken Rosenthal of Fox Sports reported the two sides were nearing a deal last week that would be worth “at least” $300 million.
The contract will include a no-trade clause and an opt-out clause after the 2019 season per Chris Cotillo of MLB Daily Dish. The inclusion of a no-trade clause is something the Marlins have strong beliefs against and had actually made it a club policy to not include them.
Stanton, 25, is coming off a season in which he finished second in the MVP voting, and posted a slash line of .288/.395/.555 with a league-leading 37 home runs in 145 games. He was scheduled to hit free agency after the 2016 season.
The deal for Stanton will buy out his last two years of arbitration and 11 of his free agent seasons. The contract is the largest guarantee given to any player in MLB history, passing Alex Rodriguez‘s 10 year $275MM deal he signed with the Yankees in 2008.
Stanton in the past had stated his desire to test free agency given the Marlins’ constant strategy of tearing down their entire roster, but his injury at the end of the 2014 season where he was hit in the face by a pitch may have altered his plan.
The player opt-out clause allows Stanton to pursue a deal with another club after five seasons if he is not satisfied with the Marlins on field product and also would allow him to pursue another mega deal in a couple years.
According to MLB Trade Rumors Offseason outlook, Miami’s payroll obligations for 2015 sit at $15.6 million and an additional $20.3 million for their arbitration eligible players, not including Stanton. When factoring in the $25 million AAV for Stanton, he represents a 70% increase in the team’s commitments for 2015.
This massive contract for Stanton may be a shift in the right direction for the low-spending Marlins and show their willingness to continually keep a competitive product on the field. Stanton’s willingness to accept a long-term deal probably was impacted when he was hit in the face with a pitch near the end of the season, an injury that could have ended his young career.
Despite the very large guarantee, I love this for the Marlins. They now need to focus to other young stars such as Christian Yelich and Jose Fernandez about long-term contracts as well.
Editor in Chief
I’m not so sure Stanton’s willingness to take this deal was motivated by his injury. I think we are forgetting the main points of this deal: $320 million guaranteed, no-trade clause, opt-out clause, 13 years! Stanton would have been foolish not to accept this deal as it is very unlikely that another team would have offered him this much money.
The Marlins paid a premium to keep their disgruntled star player to stay. Getting hit in the face really should not affect Stanton’s long-term production. Great deal for Stanton, and interesting move by the Marlins. Of course, they will need to add at least one or two more pieces, specifically in the infield, if they want this move to pay off long-term.
General NFL Reporter, Football Sport Editor
I think this contract is absurd. In 13 years Stanton will be 38. I know he’s an incredible player right now, but how many players who are great when they’re 25 are even good when they’re 38?
The Marlins will regret this in a few years. But Stanton is the kind of player that can take a bad team and push them into the playoffs, so it may not be for nothing.
I think this is a bad contract, but the Marlins didn’t have much choice. I can’t think of any 38 year old who was worth $25 million, but the problem is that someone else would have made this deal if the Marlins didn’t. When will the league finally agree that these huge, 10+ year deals rarely work out?
The Marlins couldn’t justify not signing Stanton to their fanbase, and if this is what they needed to pay to get a deal done then so be it.
This contract is about as player friendly as it gets. Stanton has an opt out after five years, so if he can continue producing at his current rate he can opt out and sign another huge deal. He has a no trade clause, which can prevent the Marlins from trading him like they did with Jose Reyes and Mark Buehrle. The Marlins have assumed all the risk in this contract and given their past dealings this is the way it had to be for an extension to happen.
Given the state of baseball today, Stanton represents the type of player that should be paid the most: a right handed hitter with unrivaled power. Runs are at a premium and Stanton is the most prolific power hitter in the game.