Logan Webb, San Francisco Giants. (Photo by Thearon W. Henderson/Getty Images)
The latest news on three massive contract extensions, most recently Pablo Lopez, and a win-win trade between the Miami Marlins and Minnesota Twins.
In-season contract extensions have typically not been common in major-league baseball. Yet it has been one of the biggest talking points of the 2023 MLB regular season, with Ian Happ signing an extension with the Chicago Cubs, Logan Webb signing an extension with the San Francisco Giants, and now Pablo Lopez signing an extension with the Minnesota Twins.
There are other talks going on throughout the league, with one being between outfielder Bryan Reynolds and the Pittsburgh Pirates. It remains unclear where talks stand, with key issues such as an opt-out clause holding up the two sides from agreeing to a long-term pact.
But one deal that did get done, the Twins’ extension with Lopez, is the latest sign that the trade that sent Lopez and prospects to Minnesota in exchange for Luis Arraez was a win-win for both sides.
MLB Rumors: Inside the Logan Webb, Ian Happ contract extensions
Right-hander Logan Webb and the San Francisco Giants agreed to a five-year, $90 million contract extension.
Here’s a full breakdown of the deal, per source:
- 2024: $8 million.
- 2025: $12 million.
- 2026: $23 million.
- 2027: $23 million.
- 2028: $24 million.
Webb and the Giants had contract talks at various points in the last 12 months, sources say, but had little discussions from the beginning of spring training to Opening Day. But Webb maintained that he wanted to be in San Francisco and was open to a long-term deal. The Giants expressed interest in getting a deal done and with the two sides having a general sense that any potential deal would be for five years, were ultimately able to settle on $90 million.
Outfielder Ian Happ and the Cubs agreed to a three-year, $61 million contract extension to keep the free-agent-to-be in Chicago. Here’s a full breakdown of the deal, per source.
- Signing bonus: $3 million.
- 2024: $20 million.
- 2025: $20 million.
- 2026: $18 million.