Final details in place for Giancarlo Stanton’s record $325M deal
Giancarlo Stanton spent one final weekend as just regular ol’ rich dude before he becomes an extremely wealthy dude. The Miami Marlins slugger is reportedly on the brink of signing a 13-year, $325 million contract that will be the richest in American sports history. It’s expected to be finalized at a Wednesday press conference.
The deal was “close” to being done Friday. As of Monday, it’s “done” and has all the details “in place,” according to reports, but it’s awaiting the final bells-and-whistles confirmation.
Jon Heyman of CBS Sports writes of the Stanton/Marlins mega deal: “While there is still no official word from the team, and perhaps nothing’s been signed yet, there is a clear understanding the deal will be finalized.” Meanwhile, the New York Daily News’ Andy Martino has another source saying the deal is “done” and a press conference is scheduled for Wednesday.
So Stanton, 25, can eye that private island and personal submarine, but shouldn’t swipe his credit card just yet.
There are always a number of degrees of doneness in contract negotiations. Think of it like being in a relationship. Sometimes you’re just talking or dating or getting official with a Facebook relationship status change. You’re technically “single” until you get married, though once you’re engaged, you know where things are headed. That’s the Marlins and Stanton right now. They just haven’t said “I do” yet.
Here are the details of the contract as they’ve been reported:
• Stanton gets $325 million over 13 years, an average annual value of $25 million per.
• There’s a no-trade clause, birthed out of the Marlins’ history of trading away its stars. Stanton was particularly displeased when the Marlins traded half their team to Toronto in 2012.
• He’ll be able to opt out of the deal after six years. That puts Stanton in place to seek another huge contract after the 2020 season at age 31, if he’s still cranking homers.
Essentially, it’s everything he could ask for. As if the Marlins just said, “What do you want? We’ll give you anything to stay.” After all the talk that Stanton would never sign an extension with Miami, they had to.
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Mike Oz is an editor for Big League Stew on Yahoo Sports. Have a tip? Email him at [email protected] or follow him on Twitter! Follow @MikeOz
