Correa & Twins Finalizing 6 year/$200 Million deal

[Musk21]

 

[Fire Dan Gladden]

https://www.mlbtraderumors.com/2023/01/twins-reach-agreement-sign-carlos-correa.html

[Puckett34]

[nicksaviking]

Wow, that worked out really well. Not sure of the salary structure, but if it's 33M/year, that's both a lot, and extremely affordable for the next 3-4 years minimum as the Twins have so few big budget commitments.

[CRF]

I'll wait for the physical. 

[ScottyB]

And it has a vesting option for 4 more years for an additional $70M, with no opt outs.

[Vanimal46]

Just now, CRF said:

I'll wait for the physical. 

 

[Vanimal46]

5 minutes ago, Puckett34 said:

[Battle ur tail off]

1 minute ago, Vanimal46 said:

 

So then, this looks like it truly a DONE DEAL then? Yeah!

This deal and the Buxton one couldn't be better for the Twins if these guys can both stay healthy. 

[ScottyB]

I’m guessing that physical will be less of a problem for the original 6 years. Now let’s go after one of the Marlins starters!

[Vanimal46]

6 years is a HELLUVA lot better than 10-13 years. What a strange turn of events. Couldn’t have worked out any better for the Twins. This move salvaged a terrible offseason. 

[ashbury]

Wow. Shaving 3 years off the previous 10-year offer with higher AAV and getting Carlos to agree to it was my far-fetched dream, this exceeds my expectation, and I have no idea why the Mets or Giants didn't make a similar move.

[nicksaviking]

7 minutes ago, CRF said:

I'll wait for the physical. 

For what? A mea culpa? 

[nicksaviking]

2 minutes ago, Vanimal46 said:

6 years is a HELLUVA lot better than 10-13 years. What a strange turn of events. Couldn’t have worked out any better for the Twins. This move salvaged a terrible offseason. 

Yeah, and the vesting option will likely only kick in if he's still a useful player. And if that vesting option really is 4/70M, well 17.5M is going to be chump change seven years from now. The Twins are already paying DFA candidate Joey Gallo 11M here in 2023.

[Puckett34]

7 minutes ago, Vanimal46 said:

[ashbury]

1 minute ago, Puckett34 said:

Unironic, for once.

[Vanimal46]

5 minutes ago, Puckett34 said:

[ashbury]

17 minutes ago, ScottyB said:

And it has a vesting option for 4 more years for an additional $70M, with no opt outs.

So you can look at it as 10/$270M with a team option after 6 years. Pretty close to the Twins' original offer except for what happens after Year Six.

[bap3141]

Awesome! Things couldn't have worked out any better for the Twins. This should not be a blueprint for signing top free agents though.

Let's hope his ankle holds up long enough and the FO is motivated to supplement this with additional roster improvements.

I'd actually like them to keep Kepler now and roll out an OF defense of Buxton/Gallo/Kepler. That's legitimately a strong OF defensively.

[a-wan]

Better to be lucky than good, eh, Falvey?

[IA Bean Counter]

I stated before,  if it is potential arthritis issues,  the best option would be a shorter contract,  6-8 years,  at $210 to $240 million.  In that case the Twins had a much better shot than the Mets as the Mets due to the luxury tax were effectively capped out,  its why they went on such a lengthy contract in the first place.   That turned out to be fairly close to what was signed.  Now its just dotting the I but shouldn't be the concern or issue it was for the Mets or Giants.   

I think what this shows,  is that you have to continue to wait and see what the final product is for the front office.  They have shown they are willing to be aggressive and opportunistic,  and be any version got the best contract signed this year.  Swanson signed a 7 year $177 million contract.   

We can be happy as Twins fans.  This was a good outcome.  Hopefully the purse strings will continue to be a little looser in the future.  

[SkyBlueWaters]

Doesn’t address our primary need, the front of the rotation, but sure makes the infield look better.

I wonder if a package including Arraez might get us an ace.

[LA VIkes Fan]

This is unfreakingbeleivable! Great result. $33.33m a year for years aged 29-34, 17.5m a year for ages 35-39 IF he vests. Wow, what a good deal given the market. What's next, Vikings throw up four shutouts in a row and win the Super Bowl! Sorry, must have hit my head before I said that about the Vikings . . .  

Yes! Now let's make a deal to get Lopez, Luzardo, or Rogers from Miami, and sign either Fulmer or Chafin to augment the bullpen. It's a good offseason now, but That would be a great offseason. 

 

[nicksaviking]

Wow the vesting options are all based on 502 PA the years prior.

https://apnews.com/article/new-york-mets-minnesota-twins-san-francisco-giants-mlb-sports-9bfbe5088907863eb3a604ae3cca6307

First option is at 25M, which is a lot, but will probably just be the equivalent of a QO by then. The following years are 20M, 15M and 10M.

That's fantastic. Even without discussing the games the Twins should or shouldn't play with those 502 PAs.

[IA Bean Counter]

The Mets were down to guaranteeing only $157 mil

[specialiststeve]

Sweet! That helps a TON... 

Opens up some options for trades ... Too many IF for spots... 

Move for PITCHING PLEASE!! 

[StormJH1]

48 minutes ago, CRF said:

I'll wait for the physical. 

Something isn't adding up here.  One thing missing from the reporting is that Correa should have just went through this process in the 2021-22 offseason.  Presumably, he passed a physical with the Twins on the 3-year deal late that offseason, correct?  And his 2014 broken ankle was well-known throughout his career, but never caused problems until this 2022-23 offseason.

 

So...why the change?  It could be that the sensitivity to long-term injury issues on a 12-year deal for HUGE money is significantly greater than on a 3-year deal, or even this 6-year proposed deal.

But another possibility is that there are new findings in the ankle - something that even the Twins were not aware of after that scare in September when he slid into 2nd.  Or that a fresh scan has showed issues with the hardware in his ankle (loose screws, etc.), either from that incident, or just due to the progression of time.  I just don't feel like his ankle hardware was a big, unknown secret.  This feels to me like there is something observably going on with the ankle, even if it has yet to cause a DL stint in his entire career.  To have two teams back out of deals like this only after the physical is really quite extreme.

 

I do want to add that I'm generally thrilled about the contract and about retaining the player, and you could argue that the Twins just go with it for 6 years almost no matter what the issue is.

[nicksaviking]

1 minute ago, IA Bean Counter said:

The Mets were down to guaranteeing only $152 mil

Yeah, their AAV was only ever 26.25M. Once they decided 12 years was too many, it was probably over for them, since that was the real difference between the Twins and the big market clubs.

The Mets were willing to go with a huge payroll, but looks like they did have a threshold they didn't want to cross.

[StormJH1]

11 minutes ago, nicksaviking said:

Wow the vesting options are all based on 502 PA the years prior.

https://apnews.com/article/new-york-mets-minnesota-twins-san-francisco-giants-mlb-sports-9bfbe5088907863eb3a604ae3cca6307

First option is at 25M, which is a lot, but will probably just be the equivalent of a QO by then. The following years are 20M, 15M and 10M.

That's fantastic. Even without discussing the games the Twins should or shouldn't play with those 502 PAs.

This whole saga also makes me wonder if Correa (and Boras) underestimated the risk of playing out last season.  He's "backing into" $200 million with a deal covering only half the duration of his Giants deal.  You're telling me there wasn't a $200 million out there for him anywhere in 2021-22!?  Was COVID that big of an impact on MLB economics to risk this?  Corey Seager got $325 million.  Marcus Semien and Javier Baez got well over $100 million and neither is anywhere near as good as Correa.

[IA Bean Counter]

1 minute ago, StormJH1 said:

This whole saga also makes me wonder if Correa (and Boras) underestimated the risk of playing out last season.  He's "backing into" $200 million with a deal covering only half the duration of his Giants deal.  You're telling me there wasn't a $200 million out there for him anywhere in 2021-22!?  Was COVID that big of an impact on MLB economics to risk this?  Corey Seager got $325 million.  Marcus Semien and Javier Baez got well over $100 million and neither is anywhere near as good as Correa.

You have to add in his salary from last year as well.  So $235 mill   and he gets the $305 million over contract with Twins if he is top 5 in MVP or silver slugger.   My guess is he has a pretty good chance at achieving that in 1 year out of the next 5 years.