What to know about Giancarlo Stanton’s contract after Yankees slugger declines to opt out
It comes as no surprise, but Yankees slugger Giancarlo Stanton will not opt out of his contract.
This announcement is merely a formality, so New York Yankees fans need not be startled. Instead, this is something worthwhile to be informed about because it’ll occupy nearly the next decade of your life.
Giancarlo Stanton will reportedly not exercise the opt-out clause in his contract and will remain in the Bronx for the next seven years. Stanton’s original 13-year, $325 million deal with the Miami Marlins came with a potential out after the 2020 season, ahead of the slugger’s age-30 campaign, but he’d be hard-pressed to find something bigger than what he’ll make through at least 2027.
The Yankees owe him $218 million over the next seven years. If they decide to exercise his $25 million team option for the 2028 season, then it will be $233 million (there’s a $10 million buyout for that option).
Giancarlo Stanton Contract Details
Stanton previously held the record for largest contract in North American sports history before he was bested by Bryce Harper two offseasons ago. Stanton’s camp did a tremendous job negotiating this deal given his injury history. A seven-year, $218 million deal at this juncture ($31.14 AAV), is still pretty damn good given the mega contracts we’ve seen over the last few years.
Here’s what Stanton will make in each following year until he becomes a free agent:
- 2021: $29 million
- 2022: $29 million
- 2023: $32 million
- 2024: $32 million
- 2025: $32 million
- 2026: $29 million
- 2027: $25 million
- 2028: $25 million team option ($10 million buyout) — earliest possible FA year
- 2029: Guaranteed free agent
Truth be told, if Stanton can stay on the field and produce somewhere around 30 home runs and 100 RBI for the next 3-4 seasons, this contract will likely be viewed favorably. You have to understand with any deal of this length, you’re either getting below market value for, or fully punting 3-4 years. Maybe we’re wrong and the inevitable downturn is shorter than that. That’d be really, really cool.
We’re just REALLY hoping it’s not longer.