After a meteoric rise to stardom with the Mariners, Julio Rodriguez signed a lucrative and complex deal in 2022 with plenty of upside.
The 2022 AL Rookie of the Year signed a fully guaranteed 12-year, $209.3 million extension. It includes a $15 million signing bonus and the opportunity to earn $375K in additional bonuses each season.
The two-time All-Star and two-time Silver Slugger sits among the highest-paid MLB outfielders, but could still earn up to $35 million annually.
Here is a breakdown of the full contract details:
Length of contract: 12 years
Total contract value: $209,300,000
Average annual value: $17,441,667
Signing Bonus: $15,000,000
Total guaranteed money: $209,300,000
Free agency: 2035
Rodriguez’s Yearly Salary & Incentive Details
2023: $21,190.349
2024: $10,000,000
2025: $18,000,000
2026: $18,000,000
2027: $18,000,000
2028: $18,000,000
2029: $18,000,000
2030: $18,000,000*
2031: $18,000,000
2032: $18,000,000
2033: $18,000,000
2034: $18,000,000
*The Mariners must decide on a club option after the 2028 season. If they decline, the contract converts to a player option in 2030 worth $90 million for 5 years.
His potential earnings could more than double his salary of $209.3 million.
Through award bonuses and a club option, Rodriguez could earn a maximum value of $470 million. With the club option, Rodriguez would earn up to $35 million per year through incentives such as:
- Two top-10 finishes in MVP voting would convert him to an 8-year, $240 million contract
- One MVP win plus one top-five finish in MVP voting or three top-five finishes in MVP voting would convert him to an 8-year, $280 million contract
If he’s denied a club option, his incentives featured through his player option include:
- 5-years, $100 million if he earns eight combined Silver Slugger or All-Star Selections
- 5-years, $125 million if he wins one MVP and two All-Star selections
Here is how much Rodriguez has earned in his career to date:
Julio Rodriguez’s Year-by-Year Career Earnings
2017: $1,750,000 (signing bonus)
2018: Minor League contract
2019: Minor League contract
2020: Minor League contract
2021: Minor League contract
2022: $700,000
2023: $21,190,349
2024: $10,000,000
Total Base Salary Earnings: $14,700,000
Total Bonus Earnings: $17,050,000
Overall Career Earnings Through 2024: $34,390,349
Rodriguez is already one of the most marketable players in MLB.
He has 21 brand deals, making him the most endorsed player in baseball. His endorsements through companies such as Alaska Airlines, Adidas, Gatorade, Oakley, and Wells Fargo add millions a year to his off-field earnings and potential bonuses.
