Miami Marlins, Giancarlo Stanton Ink Mammoth Record Deal of $325, 13-Year Extension
Baseball's prodigal son Giancarlo Stanton put pen to paper on a contract that will place him in the record books. The Miami Marlins and Stanton agreed to a 13-year extension that possibly keeps the slugger in the black jersey until 2027. The new deal is reportedly worth a whopping $325 million. What makes the new contract more to Stanton's advantage is that the team agreed to include a no-trade clause and a player option during the sixth year of the Stanton's stay with the franchise.
The deal which will pay the homerun artist approximately $25 million per year tops previous record popping Major League Baseball (MLB) contracts of Alex Rodriguez (10 years, $275M) and Miguel Cabrera (10 years, $292M). Marlins owner Jeffrey Loria was ecstatic with the inking of the deal and declared that it is a landmark time for the city.
"Giancarlo Stanton has come of age, and he's going to be here a long time," Loria said in a phone interview with ESPN. "It's wonderful to have a young man this caliber, integrity and ability, and I'm very happy."
The feared slugger has 184 career home runs under his belt despite missing significant time due to an injury which occurred last year. The 25-year-old was hit in the face during a pitch and was forced to sit out the final 17 games of the season. During his five seasons in the league, the American outfielder has already reached a lot of landmarks including being named in Baseball America's all-rookie team and was named as an all-star in 2012.
The deal comes as surprise to baseball fanatics as the Marlins were one of the teams with the lowest payrolls at just around $52 million. In 2012, Loria and his team splurged to an assortment of deals that pushed the total salary to 102 after acquiring Jose Reyes, Mark Buehrle and Heath Bell. The fans reacted negatively to the splurge and by the next summer, the team was again shelling out the large contracts to reduce the payroll in half.
With the Stanton deal, the team is banking on the health of their rising star and the continued development of other young players in the roster such as left fielder Christian Yelch, Marcell Ozuna, right-handers Jose Fernandez and Henderson Alvarez and of course, Stanton, to deliver success in the next season.