Cleveland Guardians Close to Securing Jose Ramirez Through 2032 with Major Contract Restructuring
The Cleveland Guardians are on the brink of securing a long-term future with one of their most iconic players, as third baseman Jose Ramirez is nearing a contract extension that would keep him in Cleveland through the 2032 season. This deal, which would see Ramirez play until age 39, represents a significant commitment from the franchise to retain its homegrown talent.
Contract Details and Financial Restructuring
Jose Ramirez currently has three years and $69 million remaining on the seven-year extension he signed in April 2022. The new agreement is set to add $106 million over the 2029-2032 seasons, effectively restructuring his overall package into a seven-year, $175 million commitment. A notable aspect of this deal is the inclusion of $70 million in deferred money, a strategic move that helps alleviate the immediate payroll burden for the Guardians.
This deferral approach is particularly advantageous for Cleveland, a team known for operating on a more constrained budget compared to larger-market clubs. By spreading out payments, the Guardians can maintain financial flexibility while investing in their star player's future.
A Cleveland Legend Cementing His Legacy
Jose Ramirez joined the organization—then known as the Cleveland Indians—as an international free agent in 2009 at just 17 years old. Over his illustrious career, he has compiled impressive statistics, including a .279/.353/.504 slash line with 285 home runs and 287 stolen bases across 6,759 plate appearances. His defensive excellence at third base has contributed to a career bWAR of 57.6, ranking him fifth in franchise history.
Even at 33, Ramirez showed no signs of slowing down last season. He batted .283/.360/.503 with 30 home runs and a career-high 44 steals in 673 plate appearances. His standout performance was instrumental in propelling the Guardians to the AL Central title and earned him a third-place finish in the AL MVP voting.
Ramirez's Loyalty and Cleveland's Strategy
This extension marks the third contract Ramirez has signed with Cleveland, highlighting a rare loyalty in modern baseball. His first deal was a five-year, $26 million agreement spanning 2017-2021, which included club options. After outperforming that contract, he secured a 2022 extension worth $124 million in new money over five years.
Unlike many star players who are traded before reaching free agency, Ramirez has consistently chosen to remain with the Guardians, often citing his affection for the city and team. His decision aligns with Cleveland's cost-conscious approach, which prioritizes retaining core talent through strategic financial planning.
Broader Implications and Timing
The timing of this extension may be influenced by upcoming Collective Bargaining Agreement (CBA) discussions, where deferred compensation could face increased scrutiny. Teams like the Los Angeles Dodgers have utilized deferrals extensively, and Cleveland's move follows this trend among various markets. If finalized, this deal will not only secure Ramirez's place as a lifelong Guardian but also solidify his status as a franchise icon, demonstrating how mid-market teams can compete by retaining their homegrown stars.
