Chicago White Sox and Eloy Jimenez Reportedly Agree to Record-Setting Contract

It is being reported today that the ChiSox and their 22 year old prospect Eloy Jimenez have agreed to a record-setting, long-term deal for a player yet to have played even one game in the major leagues.  The deal with reportedly guarantee Jimenez $43 million over six seasons with two team option years for an additional total of $32M.

This deal blows away the $10M guarantee that the Astros gave Jon Singleton and the $24M guarantee the Phillies gave Scott Kingery, the only other two long-term contracts for players never to have played in the majors (excluding Bryce Harper’s first pro contract).  There was a lot of rending of clothing and nashing of teeth by players and the players’ union when the Astros signed Singleton to what appeared could have been a tremendous bargain for the team with a whiff of black-mail that the ‘Stros would have been less likely to call Singleton up if he didn’t sign the seemingly team friendly extension.

But Singleton didn’t make it.  His major league career was a complete flop for reasons likely as much mental as anything else. Singleton was out of pro baseball in 2018 at age 26, which suggests his heart isn’t in it.  In the meantime, the Astros still owe him a cool million for 2019 through 2021, if they didn’t cash out for a lump sum when they released him last May.

In the case of Scott Kingery, even though he was the Phillies starting shortstop last year, the verdict is still out whether he’ll be worth the $24M guarantee.  His .605 OPS meant he wasn’t yet a major league replacement level player in 2018.

I don’t imagine we will hear a lot of complaints from players about Jimenez’s contract.  I mean, how do you tell a poor black kid from the Dominican Republic not to accept a $43M guarantee before he has even played one game in the majors.  Yes, Jimenez did get a $2.8 million signing bonus in 2013, but one would think that money is long gone between taxes, automobiles, living in the U.S., buscones, buying a home for his parents and friends and relatives with their hands out.

The deal here is obvious.  It’s a great deal for the White Sox if Jimenez develops as they hope, the kind of deal that can enable a small market team to build a winner on less money.  Meanwhile, JImenez and his family get a sure thing.  Jimenez could get hit in the face with a fastball, tear his elbow or both knee tendons, or get killed in an off-season road accident back in the Dominican Republic one winter.  He and his family will still get a pay out that will enable them to live like royalty in their homeland for at least a generation or two.  Like Mike Trout‘s extension with the Angels, it’s another win-win.

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