Wander Franco closes $182 million, ‘big day’ 11-year deal for Tampa Bay Rays

NS. PETERSBURG, Fla. – Wander Franco and Tampa Bay Rays closed an 11-year, $182 million deal, which includes a club option for the 2033 season.

The shortstop’s deal, which could be worth up to $223 million if the club option is exercised and the incentives are hit, was announced on Saturday.

“This is a great day for Wander and for the Rays, and proof of the mutual trust between Wander and our organization,” Rays lead owner Stuart Sternberg said in a statement. “We are committed to supporting competitive teams year after year and we all expect that Wander’s presence and contribution will play an important role in maintaining our standards of excellence. I.”

Tampa Bay won the AL East in 2021, but was eliminated by Boston in the ALDS.

The contract is the largest financial commitment to a player in the Rays’ 24-year history. It is also the largest contract in major league history for a player with less than a year of major league service.

Franco is the fifth player with less than a year of major league experience to sign a long-term extension with the team. The others are the third warrior Evan Longoria (2008), left-handed people Matt Moore (2011), the person on the right Chris Archer (2014) and the second warrior Brandon Lowe (2019).

“Wander’s pace of growth speaks volumes for his potential,” Erik Neander, the Rays’ president of baseball operations, said in a statement. “We’ve seen him do exceptional things on the pitch, especially for a player who is only 20 years old. He’s a budding superstar, exceptionally motivated, who can contribute to the world. our success for a long time.”

Franco made his major league debut on June 22 and hit the mark three times in a row. He beat .288 with 18 doubles, five triples, seven hosts and 39 RBIs in 70 games. He placed third in the American League’s Rookie of the Year poll.

Franco put together a 43-game record to draw Cincinnati’s Frank Robinson (1956) the longest in major league history between under-21 players. He’s won 7-19 (.368) with two home players and four RBIs in four post-season games.

Franco will be eligible to be a free agent after the 2027 season. He received a $5 million signing bonus, with a $2.5 million payout on Dec. June 1, 2022.

The annual salary structure is: $1 million in 2022, $2 million in 2023 and $2024.8 million in 2025, $15 million in 2026, $22 million in 2027 and $25 million in each of the past five seasons. The 2033 club option is $25 million, with a $2 million buyout.

Franco’s deal also includes a raise if he finishes in the top five in the vote for the AL MVP. If he is traded before April 2, 2029, Franco will receive a transfer bonus of $3 million. It drops to $2 million if he gets processed on or after that date. Wander Franco closes $182 million, ‘big day’ 11-year deal for Tampa Bay Rays

John Verrall

24ssports is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button