Last Monday, Aaron Judge, who is now holding the title of Most Valuable Player in the American League, re-signed with the New York Yankees after reaching an agreement on a nine-year deal for $360 million. According to reports, the San Francisco Giants and the San Diego Padres made a late effort at signing Judge, but he ultimately decided to sign with the New York Yankees. However, the significant offseason expenditure in baseball was not finished.
The talented shortstop Carlos Correa agreed to a contract with the Giants this week that is worth $350 million over 13 years. Both Judge and Correa now hold spots in the top five of the all-time list of the largest contracts in Major League Baseball history. The position players’ market now has a new standard to measure up to thanks to Judge’s average yearly worth of $40 million.
This record had previously been held by Mike Trout, who had earned $35.54 million throughout his career. Although Judge’s average annual value (AAV) did not surpass that of Max Scherzer and Justin Verlander of the New York Mets, who both have an AAV of $43.3 million annually, he still has enough to celebrate.
After all, this development follows in the footsteps of his decision, made just before the start of the season, to turn down a seven-year deal with an approximate value of $213 million. Although Correa’s 13-year deal does not have a significant average annual value (AAV), it still ranks fourth all-time in terms of guaranteed money.
According to Cot’s Contracts, the following are the top 10 costliest contracts in the history of MLB in terms of overall value, as well as the top 5 richest contracts in terms of average yearly value. It is important to point out that four of the five contracts were signed in either the previous or the most recent offseason. In point of fact, Verlander, deGrom, and Judge all put pen to paper during this month.
The huge contract that Judge just signed after an unprecedented campaign for the team. As a result of his 62 home runs, he set new marks for the American League and the Yankees in terms of the most home runs hit in a single season. Both of these records had previously been held by Roger Maris, who set the previous mark in 1961 by hitting 61 home runs.
Largest contracts (total money) in MLB history
- Mike Trout, Angels: $426.5 million (2019-30)
- Mookie Betts, Dodgers: $365 million (2021-32)
- Aaron Judge, Yankees: $360 million (2023-31)
- Carlos Correa, Giants: $350 million (2023-2035)
- Francisco Lindor, Mets: $341 million (2022-31)
- Fernando Tatis, Padres: $340 million (2021-34)
- Bryce Harper, Phillies: $330 million (2019-2031)
- Giancarlo Stanton, Marlins/Yankees: $325 million (2015-2027)
- Corey Seager, Rangers: $325 million (2022-31)
- Gerrit Cole, Yankees: $324 million (2020-28)
Highest average annual value (AAV) in MLB history
- Max Scherzer, Mets: $43.33 million (2022-24)
- Justin Verlander, Mets: $43.33 million (2023-24)
- Aaron Judge, Yankees: $40 million (2023-31)
- Jacob deGrom, Rangers: $37 million (2023-27)
- Gerrit Cole, Yankees: $36 million (2020-28)