The Toronto Blue Jays failed to come to terms on a contract extension with superstar first baseman Vladimir Guerrero Jr. this offseason, but it wasn’t because of a lack of effort.
Joel Sherman and Jon Heyman of the New York Post recently revealed the value of the contract the Blue Jays offered to Guerrero before the two sides halted negotiations.
“The Toronto Blue Jays offered superstar first baseman Vladimir Guerrero Jr. a deal for about $500 million before negotiations were halted last month — although significant deferrals put an estimate of the actual net present value of the offer between $400 million and $450 million, league sources familiar with the negotiation tell The Post,” they wrote. “These figures represent the range the Blue Jays were willing to discuss and, thus, details where matters stood before Guerrero’s camp halted negotiations, as promised, before the Jays’ first full-squad workout Feb. 18.”
This offseason, Juan Soto headlined the free agency class. Soto was reportedly unwilling to accept any deferred money in his deal, which resulted in him resetting the market with a deal worth nearly $800 million.
If Guerrero is unwilling to accept deferred money, this could be a key reason why he turned down this reported deal worth nearly half a billion dollars.
Guerrero and his agency are taking a massive risk by turning down a deal like this. It’s completely unprecedented for a first baseman to land a deal worth anything close to what Guerrero is asking for.
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