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Details of Evan Longoria’s contract extension with the Rays

Nov 26, 2012, 7:00 PM EDT

Evan Longoria AP AP

The Rays announced earlier today that they have locked up third baseman Evan Longoria through at least 2022 with a six-year, $100 million extension. The new agreement incorporated his previous contract, which included club options from 2014-2016, and will guarantee him $133.6 million over the next 10 seasons.

Courtesy of Marc Topkin of the Tampa Bay Times, here is the year-by-year breakdown:

2013: $6 million
2014: $7.5 million
2015: $11 million
2016: $12.1 million (previous deal called for Longoria to make $11.5 million)
2017: $13 million
2018: $13.5 million
2019: $14.5 million
2020: $15 million
2021: $18.5 million
2022: $19.5 million
2023: $13 million club option (plus incentives) or a $5 million buyout

Longoria will also receive a $1 million signing bonus. The extension could take him through his age-37 season, so it potentially sets him up to be a member of the Rays for his entire career. While the new agreement doesn’t include a no-trade clause, he would be paid a $2 million “assignment bonus” if he is traded.

  1. bostonboy82 - Nov 26, 2012 at 7:29 PM

    2021 & 2022. 18 & 19 million. Hope that works out for A-Rod and the Rays, I mean Longoria.

    • hackerjay - Nov 26, 2012 at 7:45 PM

      Those years he probably will be overpaid. However, for the next 5-7 years he’s probably goingn to be underpaid, so overall I think it’s a pretty decent contract. At least, as decent as a $100+ million deal can be.

      • pipkin42 - Nov 26, 2012 at 7:51 PM

        Also, you have to take into account the fact that the marginal value of a win keeps going up, right along with average salaries – 18 million in 2021 most likely will not be nearly as bad as 18 million today.

    • franklb - Nov 26, 2012 at 7:51 PM

      Looks like a back-loaded contract for me. 6 years at $100 million would be $16.67 million/year, but the first four years of the extension are anywhere from a little to a lot less than that.

    • stex52 - Nov 26, 2012 at 9:40 PM

      Doubt seriously that’s an overpay. By 2020 the average price for a good 3rd baseman could easily be 20 MM$. Don’t think today’s dollars.

  2. bostonboy82 - Nov 26, 2012 at 8:04 PM

    Yeah, great points for sure! I guess as a Sox fan I’m just jealous. After all, in the year 2013, Evan Longoria will make only 1 million more than Jonny Gomes.

  3. dunkindan - Nov 26, 2012 at 9:20 PM

    I also believe he had a very very cheap contract prior to this extension. Wasn’t it like 5yr / 19m?

  4. Carl Hancock - Nov 26, 2012 at 10:09 PM

    Good deal for the Rays and smart for Longoria to ensure his financial future. A win for both sides. Now if only the Rays didn’t play in a town that supports them like the solid franchise they are.

  5. romoscollarbone - Nov 27, 2012 at 12:37 AM

    This guy undervalued himself but he has had some major injuries. Tampa is assuming more risk than I think he is.

  6. willclarkgameface - Nov 27, 2012 at 8:05 AM

    I’d like to think that by signing for cheaper money early in his career and doing this deal through 2022 that the Rays understand he wants to be a Ray and nothing else. I wish, for his sake however, that he would have gotten that shit in writing. You never know if the Rays will turn into Marlins North.

    Good for Evan for getting this deal. I still think he did a cool thing with his first deal, all that taking less money to prove to the franchise how much he wanted to stay put and that he’s committed. We don’t EVER see that anymore. So congrats Evan for not being a douche.

    • Francisco (FC) - Nov 27, 2012 at 10:50 AM

      Doesn’t Evan acquire 10/5 rights at some point? There isn’t a no-trade clause in the contract, but I presume by 2017 he’ll have a defacto no-trade clause in place.

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