Carlos Correa has signed a three-year contract with the Twins
Correa was widely regarded as the most attractive free agent available following the MLB’s lockout, but his time in Houston has come to an end. Despite recent reports suggesting that a reunion was probable — if not likely — Correa will relocate north and significantly aid an improving Twins club.
MLB source: Free agent shortstop Carlos Correa has reached an agreement with the Minnesota Twins (@Twins) on a three-year deal worth $105.3 million with opt outs after the first two years. Highest average annual value for an MLB infielder.
— Mark Berman (@MarkBermanFox26) March 19, 2022
Given that Correa’s previous asking price was said to be around $300 million, the terms of the agreement are quite staggering. The fact that a three-year contract worth $105.3 million was signed is far and away the biggest surprise of the offseason, despite reports that he was not seeking for a larger contract after the lockout.
Despite the fact that there are two opt-outs, it’s a really team-friendly contract for the Twins, who have added an elite shortstop in his primes without taking on any long-term risks – particularly durability concerns in Correa’s case.
The Astros’ only confirmed five-year, $160 million offer was made in November. The specifics of their “new offer” that they were due to extend the former No. 1 overall pick this past week have yet to be revealed.
Whether or not Jim Crane accepted the Twins’ contract offer has yet to be determined, but it’s a safe bet that he rejected it. Given the fact that a bargain of a contract was what prompted him to agree with Minnesota, it appears the Astros’ renewed pursuit of Correa was mostly for show.
Correa is the third star to leave the Astros in free agency in as many years, following Gerrit Cole’s departure after 2019 and George Springer’s retirement immediately following the 2020 season.
The Astros’ longest free-agent deal under Crane’s ownership was signed in November 2016, when they gave out 4-year $52 million contract to Josh Reddick. It is now valued at $1.87 billion, according to Forbes.
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