BREAKING NEWS: Stanton Expected To Sign 13 Year $325 Million Dollar Contract Extension
Giancarlo Stanton and the Miami Marlins are on the verge of agreeing to a 13 year $325 million dollar contract, reports Jon Heyman. The deal will reportedly have a no-trade clause and an opt-out.
In recent days, reports of a contract with Stanton have escalated from 10 years and $300 million, to now this. With an average salary per year of $25 million, this contract is worth half of the entire Marlins payroll from last season.
Speculation from earlier in the season was that the Marlins were going to try to extend Stanton, but not trade him if they couldn’t get a deal done this offseason. Signing Stanton was expected to be difficult because he wants to play for a winning team, which he was not convinced the Marlins were ready to do. However, a commitment like this obviously proves the Marlins are ready to keep him in town for his entire career. Now, we are waiting with baited breath to see if the Marlins will build around him as well.
It is not yet known what the breakdown will be at a yearly level, only the AAV of $25 million. For a team that has claimed not to have very much money for years, Jeffery Loria either has a stockpile of cash ready for a moment like this, or he is hoping that this move will bring people to the park and buying merchandise at a higher rate than in recent years. This season the Marlins had the 27th attendance in the majors, averaging 21,386 fans per game, or 1.73 million in total.
The Marlins were one of six teams in 2014 to have fewer than 2,000,000 fans. With a max capacity of 36,742 the team cannot have a 3,000,000 fan season even with selling out every game.
With Stanton signed to the highest paid contract in the history of baseball, will you be going to more Marlins games in 2015?