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UPDATED: Longoria deal extended thru 2022 for $100M



UPDATE, 11:19: Longoria posted this reaction on his Twitter account:

Today is a proud day for myself, my family, and my extended Rays family. Happy to call TB my home for the long haul!

UPDATE, 11:03: Per team policy, the deal does not include any no-trade provision, but it may include a re-assignment bonus, which would be paid (most likely by the acquiring team) if he was dealt.

UPDATE, 10:08: Longoria's salaries in the new deal step up from $13-million in 2017 to around $20-million in 2022.

UPDATE, 9:40: Also of note, team said Longoria underwent "a minor procedure" on his left hamstring on Tuesday and "is expected to be fully recovered for spring training." That's interesting, especially since at end of season team and Longoria both said there were no plans or need for any type of surgery.

UPDATE, 9:31: Teammate David Price (who doesn't have a long-term deal) posted this reaction on his Twitter account: 

wow we breaking bread over here my happy to see you get paid...I'm sure it feels great!!!

And from teammate Elliot Johnson on Twitter:

Congrats to for getting a well deserved payday upgrade. All those #3 jerseys you all bought were indeed great investments.

BREAKING: In a surprising and significant move, the Rays have extended the contract of 3B Evan Longoria an additional six years through the 2022 season, for an additional $100-million.

According to the team release, Longoria’s new contract incorporates the salaries for 2013 through 2016 from his original contract and extends six more years through 2022 for an additional $100 million.  The deal also includes a club option for 2023.

Longoria was signed through this coming season, at a salary of $6-million, and the Rays held options for 2014 at $7.5-million, 2015 at $11-million and 2016 at $11.5-million. The six-year extension is worth $100-million, for an annual average value $16.6-million, and there is an option for 2023.

Longoria will donate more than $1-million to the Rays Baseball Foundation.

There will be a press conference later today. Some quotes from the team release:

“We drafted Evan in 2006 with the belief that he and the organization would grow with each other and together accomplish great things,” said Rays Principal Owner Stuart Sternberg.  “That is why the Rays and Evan signed a long-term contract in 2008, and it is why we are extending our commitments today.  Evan has clearly become a cornerstone player and a fixture in our organization.  We are proud of what we have accomplished these past seven years, and I expect the best is yet to come.”

“Evan has all of the attributes we seek in a player,” said Rays Executive Vice President of Baseball Operations Andrew Friedman.  “His determination and work ethic inspire others around him.  He is devoted to his craft and strives to improve himself every year, and he defines success in terms of team performance and achievement.  It’s exciting to know that Evan will be manning third base for the Rays for many years to come.”

Longoria, 27, has been a three-time All-Star, two-time Gold Glover winner at third base was the 2008 AL Rookie of the Year, though injuries have been an issue. He was limited to 74 games last season after partially tearing his left hamstring on April 30, and his impact on the lineup was dramatic. While missing half the season, he still hit .289 (79-for-273) with 17 homers and 55 RBI, compiling a .369 on-base percentage and .527 slugging percentage. 

The Rays were 41-44 during Longoria’s absence, 47-27 with him in the starting lineup and scored nearly a run more per game when he was active.

This is Longoria's second long-term deal. He signed the first in April 2008, just after being promoted, which guaranteed him $17.5 million over six years and potentially $44 million over nine seasons. At the time, it was considered one of the most team-friendly deals in the game.






[Last modified: Monday, November 26, 2012 5:48pm]


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