After hammering out the final details and agreements Sunday night, the Red Sox officially announced Monday that they had signed shortstop Xander Bogaerts to a six-year, $120 million contract extension through the 2025 season. The club tweeted the following to make it official.
Bogaerts, 26, will in fact still earn the $12 million he is due in 2019 before the new contract goes into effect beginning next year.
According to the Boston Globe’s Alex Speier, the six-year pact includes two key components, with the first being an opt-out after the 2022 season, and the second being a $20 million vesting option for 2026, as long as Bogaerts compiles at least 535 plate appearances and is healthy at the end of the 2025 campaign.
Originally set to become a free agent this winter, the Aruba native will look to provide the Red Sox with solid offensive and defensive production for the forseeable future.
Four games into his sixth full season with the club, the two-time World Series champion and one-time American League All-Star is 3/16 with one double, one home run, and one RBI.
As things stand right now, the $20 million average annual value of Bogaerts’ new deal would make him the highest paid shortstop in all of baseball in 2020.
A press conference regarding Bogaerts’ extension with the Red Sox is scheduled for later Monday out in Oakland.