When the Astros and Carlos correa spoke about a contract extension last spring, the shortstop said the Astros made him six-year and $ 120 million offers, then five years and $ 125 million. While Correa is only hours away from the free agent market, the Astros are still trying to retain her, and FOX 26’s Mark Berman (Twitter link) reports that the club’s latest offer is a five-year contract worth $ 160 million.
It would be the biggest contract Houston has ever given to a player, surpassing the team’s five-year extension of $ 151 million with Jose altuve. The supply’s average annual value of $ 32 million would also be the 10th highest AAV of any contract in baseball history, making it a pretty big commitment from the Astros.
However, it is also considerably lower than what Correa is likely to receive on the open market. Correa is only entering his season at the age of 27 and he has already indicated that he will seek a pact over nine or ten years. It’s not out of the question that Correa could even reach $ 32 million (or at least close to it) in average annual value over such a long-term deal, so it doesn’t look like Houston’s offer is going to inspire a delay. tiny change of mind from Correa.
In fact, there is enough of a gap between the Astros’ offer and the price Correa is asking for that it’s probably safe to assume that the team weren’t expecting Correa to actually go along with the deal. . There might be some PR logistics involved, as the team can now present that $ 32 million AAV as a ‘we tried’ gesture to fans upset over Correa’s departure.
However, the offer could also be interpreted as a kind of public sign to other free agents about what the Astros are willing to spend on a top free agent, if not Correa himself. The Astros did not go beyond a five-year contract with one player while Jim Crane owned the team, and while Crane recently said “things could change”In that regard, it is possible that they are willing to go up to six years only, judging by their initial offer to Correa. Houston seems to want to make up for the lack of contract duration with higher average annual salaries, which could be of interest to other players. A free agent who is already over 30, for example, is probably not counting on a contract beyond a guaranteed five or six years, and therefore might be interested in a relatively shorter-term deal that promises a higher AAV. .