Surprising details announced in Vladimir Guerrero Jr's historic contract extension with the Toronto Blue Jays
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The Toronto Blue Jays announced late last night that they finally agreed to terms on a contract extension with superstar Vladimir Guerrero Jr.
MLB insider Shi Davidi was the first to break the news of $500 million contract on a 14 year term which will pay Guerrero an average salary $35.7 million starting next season.
Full details of Vladimir Guerrero Jr new contract announced
When Davidi broke the news, he stated that this would technically be the second richest contract in MLB history in terms of present day value since there is no deferred money.
Vladimir Guerrero Jr. and the Blue Jays have reached agreement on a $500-million, 14-yr extension that's pending a physical, according to an industry source.
There is no deferred money in the looming deal, making it the second richest contract in terms of present value in MLB.
There is no deferred money in the looming deal, making it the second richest contract in terms of present value in MLB.
When it comes to guaranteed money, Juan Soto has the biggest guarantee in MLB history with the contract he signed this year but in second is Guerrero as Shohei Ohtani's contract has a present day value of around $437 million.
Juan Soto has the biggest guarantee in MLB history at $765 million. Vladimir Guerrero Jr.'s pending $500 million deal will be second.
(Guerrero Jr. will surpass Shohei Ohtani as far as net present value, since Ohtani's $700 million deal is valued at $437,830,563 NPV).
(Guerrero Jr. will surpass Shohei Ohtani as far as net present value, since Ohtani's $700 million deal is valued at $437,830,563 NPV).
It was also announced that there are no opt outs in Guerrero's contract meaning if he wants out, the team will have to agree to move him which is not something anyone wants to think about.
Vlad Guerrero Jr.'s pending deal with the Blue Jays doesn't include any opt outs
Jeff Passan also mentioned that the deal does include some signing bonus money but the exact amount has yet to come out.
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