The Red Sox and third baseman Rafael Devers have agreed to terms on an 11-year, $331 million contract extension, as was first reported by former major-leaguer Carlos Baerga on Instagram earlier Wednesday afternoon.
The deal, which is still pending a physical and has not yet been finalized, runs from 2023 to 2033, according to ESPN’s Jeff Passan. Alex Speier of The Boston Globe relays that the contract does not include any opt-outs while Jon Heyman of the New York Post adds that it does not contain a no-trade clause.
Devers, 26, will receive $20 million upfront in the form of a signing bonus, per The Athletic’s Ken Rosenthal. He will then earn $17.5 million in 2023 after agreeing to a one-year deal of that amount on Tuesday in order to avoid salary arbitration. All told, Devers’ contract represents the largest and longest in Red Sox history, blowing well past the seven-year, $217 million pact David Price signed in December 2015 and the eight-year, $160 million deal Manny Ramirez inked in Dec. 2000.
In terms of total value, the $331 million commitment is the sixth-largest in league history, as it surpasses Bryce Harper’s $330 million deal with the Phillies and slots in behind Mike Trout’s $426.5 million deal with the Angels, Mookie Betts’ $365 million deal with the Dodgers, Aaron Judge’s $360 million deal with the Yankees, Francisco Lindor’s $341 million deal with the Mets, and Fernando Tatis Jr.’s $340 million deal with the Padres.
Prior to Wednesday’s agreement, Devers was slated to become a free agent for the first time in his big-league career next winter. After trading Betts to the Dodgers in February 2020 and losing Xander Bogaerts to the Padres in free agency last month, the Red Sox could ill-afford to watch another homegrown superstar take his talents elsewhere. While they ultimately came up short in extension talks with Betts and Bogaerts, they were able to get a deal done with Devers.
A client of REP1 Baseball, Devers originally signed with the Red Sox for $1.5 million as a highly-touted international free agent coming out of the Dominican Republic in July 2013. The Sanchez native quickly established himself as one of the top prospects in baseball and broke in with Boston at the age of 20 in July 2017.
Since debuting for the Red Sox, Devers — now a veteran of six major-league seasons — has compiled a lifetime slash line of .283/.342/.512 to go along with 187 doubles, 139 home runs, 455 RBIs, and 439 runs scored over 689 career games. He won his first World Series title in 2018, took home his first Silver Slugger Award in 2021, and is a two-time All-Star.
Devers has proven to be particularly effective in the month of October. To go along with his World Series ring from 2018, Devers owns a career .303/.382/.573 line with eight home runs, 26 RBIs, and 27 runs scored in 26 postseason contests. He clubbed five homers in 11 games during Boston’s run to the American League Championship Series in 2021.
Last year, Devers batted .295/.358/.521 with 42 doubles, one triple, 27 homers, 88 runs driven in, 84 runs scored, three stolen bases, 50 walks, and 114 strikeouts across 141 games (614 plate appearances). The left-handed hitting slugger appeared to be well on his way to an MVP-caliber campaign after receiving his second straight All-Star nod, but he was sidelined by right hamstring inflammation in late July/early August and his second-half production (.713 OPS in 55 games) took a hit as a result of him trying to play through it.
Regardless of how his 2022 season ended, though, Devers has squarely put himself in the conversation for the best offensive third basemen in the game. Since the start of the 2019 campaign, Devers leads all qualified American League hitters in total hits (591) and doubles (149). He also ranks fourth in home runs (108), second in RBIs (359), second in runs scored (346), eighth in batting average (.292), 20th in on-base percentage (.352), seventh in slugging percentage (.532), sixth in OPS (.884), 17th in isolated power (.240), and 15th in wRC+ (132), per FanGraphs.
On the other side of the ball, there are some concerns about Devers’ defensive abilities at third base. In 2022, the 6-foot, 240-pounder logged 1,186 innings at the hot corner and graded poorly in several categories, including Defensive Runs Saved (-6), Outs Above Average (-2), and Ultimate Zone Rating (-2.3). With that being said, the Red Sox can surely live with Devers’ occasional struggles on the field so long as he continues to produce at the plate at a high level.
Devers, who turns 27 in October, is now slated to remain in Boston through the end of his age-36 season in 2033. His $331 million contract is by far the largest handed out by chief baseball officer Chaim Bloom since he took over in Oct. 2019. Bloom had recently expressed a desire to keep Devers in a Red Sox uniform beyond 2023.
“He has been somebody that we love and want right at the center of everything we hope to accomplish, obviously in 2023 but more importantly, in the years beyond,” Bloom told MassLive.com’s Chris Cotillo last month. “Because those are the years he’s not under our control. We’re hoping to change that.”
Getting an extension done with Devers represents another milestone in what has already been an eventful offseason for Bloom and Co. While the likes of Bogaerts, J.D. Martinez, and Nathan Eovaldi have signed elsewhere as free agents, the Red Sox have added a number of veterans — such as Corey Kluber, Justin Turner, Kenley Jansen, and Chris Martin on short-term deals. They also dipped into the international market by signing Japanese outfielder Masataka Yoshida to a five-year, $90 million contract at the Winter Meetings.
With Devers locked in for the next decade-plus, the Red Sox now have a franchise cornerstone they can build around as they look to put a disappointing and forgetful 2022 behind them.
(Picture of Rafael Devers: Adam Glanzman/Getty Images)
Blogging the Red Sox 