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Sunday, July 14, 2024

Jose Ramirez Inks Largest Contract in Cleveland History

  • The five-year, $124 million extension is double the largest contract the club has ever given out.
  • Only RP Emmanuel Clase also has a contract past 2022.
Jay Biggerstaff-USA TODAY Sports

After changing the name of the club in July, the Cleveland Guardians are starting to commit to their future on the field.

On Wednesday, Cleveland signed star 3B Jose Ramirez to a five-year, $124 million extension with a full no-trade clause, per multiple reports. The Guardians picked up a total of $26 million in options on his current contract, guaranteeing the 29-year-old $150 million and setting him up with the team through 2028.

Though the new contract ranks 36th in the league by total value and 26th by AAV ($24.8M), it’s actually double the largest contract Cleveland has ever given out.

But overall, the Guardians are staying thrifty as they build on a young core with a $40.4 million payroll — 27th in MLB.

  • Their only other commitment past 2022 is to closer Emmanuel Clase, who reportedly signed a five-year, $20 million deal recently.
  • Cleveland agreed to one-year arbitration deals with SP Shane Bieber ($6M), SS Amed Rosario ($5M), and DH Franmil Reyes ($4.6M).
  • Led by OF George Valera (47th), the Guardians have five top-100 prospects per MLB.com — tied for fourth-most in the league.

In time, they’ll look to build that core around Ramirez’s rock-solid production: Last season, he posted a 5.7 offensive WAR (4th in AL), an .893 OPS (6th), and 111 runs scored (5th).

All the same, Cleveland shouldn’t expect to compete right away — the club has the fourth-best odds (+1000) to win the AL Central this season.

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