@kagami
one of the more interesting storylines this off-season—alex bregman signs a 5 year $175m contract with the cubs
a few interesting pieces to this:
1. deferred money
while this isn’t a new concept, it’s become more prevalent across large contracts (see: shohei ohtani). bregman’s deal includes about $75m in deferred money and reportedly brings down the average annual value (aav) to ~$30-31m
2. the red sox
resigning bregman was the top priority for the red sox but they ended up losing him because they offered him $10m less, wanted to spread out deferred money over a decade, and refused to include a no trade clause
the red sox have a policy about not including no trade clauses in contracts, but bregman reportedly valued this due to his young family, spending the last 3 years on 3 different teams, and after seeing how the red soxs trade devers a year into a 10 year extension
3. red sox unwillingness to spend
the red sox have always operated like a mid-market team despite top revenues. in 2024, the red sox had the 4th highest revenue and the 7th highest payroll in 2025
while the 7th highest payroll sounds like the red sox are spending, it’s about $35m less than the blue jays (5th highest payroll)
by trading devers, the red sox effectively cleared $30m+ off their books for the foreseeable future. despite this, they were outbid by the cubs
https://x.com/joonlee/status/2010204862282379347?s=46&t=dGdml54Bn5gAjlxSoZTivg