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Back in the winter of 2019-20, the Twins were coming off a remarkable season where the club set the MLB record for home runs in a season. One of the most potent parts of the Bomba Squad line-up was Miguel Sanó, who was coming off career highs in home runs (34), SLG (.576), and OPS (.923). He had two years remaining of arbitration, but the Twins decided to sign him to an extension.
Minnesota signed him to a three-year, $30 million extension in January 2020. The first three years of the deal (20-22) paid him $27 million with a $14 million club option or a $3 million buyout for the 2023 season. At the time, Sanó had been the team's primary third baseman, but the club signed Josh Donaldson weeks after the Sanó extension. Thus, Minnesota moved the burly slugger to a less demanding defensive position.
The Good
Since signing the extension, Sanó has hit .218/.303/.470 (.772) with a 110 OPS+ and 43 home runs in 188 games. He clubbed 30 home runs for the second time in his career last season. He has posted an above-average OPS+ in each of the previous two seasons. When he makes contact, there's little question about the type of power he can provide. Last season, he ranked in the 97th percentile or higher in average exit velocity, max exit velocity, hard-hit %, and barrel %.
Sanó may have also quieted some injury concerns last season. After missing 155 games between the 2018-2020 seasons, he played a career-high 135 games in 2021. Staying healthy can provide value, especially when he can go on streaks where he seems to be able to hit nearly everything out of the park. In the season's final three months, he combined for an OPS north of .820 and an OPS+ above 120. During a disappointing season, Twins fans may have tuned out in the second half and missed what Sanó was able to accomplish.
The Bad
At this point in his career, Sanó's expectations aren't going to change even if expectations were higher for him as a prospect. He has a ton of power, but he is a streaky hitter that racks up strikeouts. He led baseball with 90 strikeouts during the pandemic shortened 2020 campaign. Last season, he struck out a career-high 183 times, which ranked fifth in the AL. He also set the MLB record for fastest to 1,000 career strikeouts.
The value he has provided the Twins has decreased since signing his extension. In three of his first five seasons, he compiled a WAR total of 2.4 or higher. Over the last two seasons, he has been worth 1.0 WAR. FanGraphs pegs his value as worth $7.7 million from 2020-21, and the Twins paid him $11 million just for the 2021 season.
Some of his decline in value is tied to his defensive skills. He led all AL first basemen in errors last season, and he had the league's second-lowest SDI ranking. Sanó was considered a below-average defensive third baseman, but there was hope he'd be able to transition to first base and be closer to average. That hasn't transpired, and the team may need to shift him to a more regular DH role in 2022.
Sanó is due to make $9.25 million in 2022, and it seems unlikely for the Twins to pick up his $14 million option for 2023. If this is the case, he is entering a contract year that may motivate him. In the end, Minnesota likely could have filled Sanó's line-up spot with a cheaper option for 2022.
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