The Rangers have made the first major strike of the offseason shortstop market, agreeing with Marcus Semien on a seven-year, $175MM contract. FanSided’s Robert Murray (Twitter link) was the first to report that the two sides were close to a deal, with MLB Network’s Jon Heyman (Twitter link) reporting the contract length, the fact that the deal had been reached, and the dollar figure. USA Today’s Bob Nightengale also adds that the deal doesn’t contain any opt-out clauses or no-trade protection. Semien is represented by the Boras Corporation.
There were indications that Semien was one of the free agents looking to get his next contract finalized prior to the expiration of the Collective Bargaining Agreement on December 1, as a lockout and transactions freeze are widely expected to follow. The Rangers were also known to be one of the more aggressive teams of the offseason, with money to spent and a direct interest in the shortstop market.
So while a deal between the two sides doesn’t necessarily count as a surprise, the sheer size of the contract is a little eye-opening. MLBTR projected Semien for six years and $138MM, as though Semien is already 31 years old, he has been a very durable player throughout his career and isn’t necessarily as much of a decline risk as other players his age.
Needless to say, the Rangers agreed, giving Semien the biggest contract of any free agent to date this winter. With Semien now locking in $175MM, the asking price might only go up for Carlos Correa (age 27), Corey Seager (28 in April), Trevor Story (who just turned 29) and Javier Baez (29 on December 1).
It also isn’t out of the question that one of these other shortstops might still end up joining forces with Semien in the Texas infield. The Rangers reportedly had interest in the shortstop market as a whole, with ESPN’s Jeff Passan reporting that Story is still under consideration. Theoretically, a scenario exists where Story signs to play shortstop, while Semien moves to second base, as he did last year with the Blue Jays alongside shortstop Bo Bichette.
The seven-year contract represents quite a turn of events for Semien, who struggled through the first six weeks of the shortened 2020 season, thus limiting his value heading into free agency last winter. Semien opted to sign a one-year deal with the Jays in order to re-establish his market, and the result was a third-place finish in AL MVP voting. Semien hit .265/.334/.538 with 45 homers during his spectacular year, appearing in all 162 games and leading the league with 724 plate appearances. In addition to Silver Slugger honors, Semien also won a Gold Glove in his first year as a second baseman since 2014.
The Rangers were very familiar with Semien from his days with the Athletics, and the infielder now returns to the AL West as the veteran face of a new era of Texas baseball. After five straight losing seasons, both president of baseball operations Jon Daniels and GM Chris Young indicated that the club was willing to spend some serious money to return to contention. The Rangers have so little on the books in future salary commitments that multiple signings seemed likely, and if the team is indeed prepared to add up to $100MM in payroll this winter alone, Semien’s $25MM average annual value represents only the first quarter of Texas’ potential outlay.
More to come…