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Teams may trade only players currently under contract. Trades between two or more major-league teams may freely occur at any time during a window that opens two days after the starting date of the final game of the most recent World Series and closes at 4 pm Eastern Daylight Time (UTC 2000) on July 31.
Overview of largest sports contracts Rank Name Organization Sport Length of contract Contract value Average per year (USD) Average per game/event [a] (USD) Ref. 1 Juan Soto: New York Mets: Baseball: 15 years (2025–2039) $765,000,000 $51,000,000 $314,814 [1] 2 Shohei Ohtani: Los Angeles Dodgers: 10 years (2024–2033) [b] $700,000,000 ...
Currently, teams can earn compensatory picks in the draft based on departing free agents who reject a Qualifying Offer from their respective team. A qualifying offer is defined as a one-year contract worth the average value of the top 120 player contracts for that year (in 2015, the value of the qualifying offer was $15.8 million).
In 1990, Jose Canseco signed for 5 years and $23.5 million, making him the first player to earn an average of $4 million a year. It wasn't until 2010 when the MLB average salary rose above that same mark. [7] [8] Alex Rodriguez signed two record-breaking contracts over the course of his career. First, he signed a $252 million, 10-year contract ...
Walker signed a four-year contract with the Colorado Rockies worth nearly $22.5 million USD ($45 million today), the largest agreement since the strike. [32] The average annual value equated to more than $5.6 million ($11.2 million today), up from the $4,025,000 ($8.3 million today) the Expos had paid him the year prior. [ 33 ]
[103] [104] This deal set the record for the largest MLB contract until Mike Trout signed a 12-year, $430 million contract extension with the Los Angeles Angels. [105] Harper chose to wear No. 3 with the club, as the number he wore with the Nationals (34) was being considered for retirement by the Phillies in honor of the late Roy Halladay. [106]
[citation needed] Occasionally, a team may wish to sign a player in his second or third year to a long-term contract, and the resulting negotiations can involve salaries significantly higher than minimum. A recent example is the contract Ryan Braun signed barely a year into his major league career, which would have taken him through 2015. [11]
On January 11, 2019, Hicks signed a one-year, $6 million contract to remain with the Yankees. On February 25, Hicks signed a seven-year, $70 million contract extension, replacing the one-year deal. The deal includes a $12.5 million club option for 2026, a $1 million buyout and a $2 million signing bonus. [ 28 ]