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When a top prospect reaches the majors, it can be exciting for fans to watch a player start to unlock his full potential. The Twins have seen Jose Miranda emerge on the big-league scene with a 127 OPS+ in his first 78 games. According to FanGraphs, he has been worth $9.3 million in 2022. He also ranks fourth among Twins hitters in Win Probability Added as he trails only Luis Arraez, Byron Buxton, and Jorge Polanco. It has been a tremendous start to his career, but have the Twins seen enough to sign him long-term
On Tuesday, the Atlanta Braves agreed to a long-term extension with their own power-hitting rookie. Outfielder Michael Harris agreed to an eight-year, $72 million extension that will keep him in Atlanta through the 2030 season. The deal also includes team options for 2031 ($15 million) and 2032 ($20 million). The Braves are buying out his pre-arbitration and arbitration seasons so they can control his first two free agent seasons. Since Harris is 21 years old, he will still be able to reach free agency in his early 30s.
Even though Miranda and Harris are both rookies, they aren’t exactly the same type of player. Harris is a dynamic centerfielder that provides value on both sides of the ball, while most of Miranda’s value is tied to his bat. Harris is also three years younger than Miranda and was a consensus top-100 prospect entering the season. In 2022, Miranda has played seven more games than Harris, but Harris has compiled 1.8 more WAR than Miranda.
Three years ago, the Twins signed Jorge Polanco and Max Kepler to team-friendly extensions that bought out some of their free agent seasons. Polanco signed a five-year, $25.75 million deal with team options for 2024-25. Kepler’s deal was for five years, $32.12 million, with a team option for 2024. Since signing their extensions, Polanco has provided $76.8 million of value, while Kepler has been worth $68.1 million. Both players were roughly the same age as Miranda at the time of their extension.
Minnesota doesn’t need to rush into a contract extension with Miranda since the team will have control of him throughout his 20s. It likely wouldn’t take a Harris-level deal to sign Miranda long-term and buy out some of his free agent seasons. The Twins have gotten tremendous value from the Polanco and Kepler extensions, so the team may want to find a middle ground to keep Miranda in Minnesota long-term. It will likely take a seven or eight year deal for $50 million or more to make an extension work for both sides. Miranda has the potential to be a middle-of-the-order bat for a long time, and that has tremendous value.
Do you think the Twins should look to sign Miranda to a long-term extension? How much would you be willing to pay him? Leave a COMMENT and start the discussion.
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