Royals, Salvador Perez Agree to Five-Year Contract Extension

Photo Credit: Al Bello/Getty Images
Photo Credit: Al Bello/Getty Images

After months of speculation, the Kansas City Royals have reached an agreement on a new contract with catcher Salvador Perez on Tuesday morning. Jon Heyman first reported a deal was close, while Yahoo! Sports’ Jeff Passan confirmed a deal had been agreed upon.

Perez was the MVP of the 2015 World Series after leading the team with 8 hits and 2 RBI in the Fall Classic. In the new deal, the 25-year old will earn $52.5 million over the five-year pact that kicks in beginning the 2017 campaign. Perez will earn $3 million in 2017, $7.5 million in 2018 and $10 million in 2019 before he earns $13 million a season in 2020 and 2021. The deal will keep the three-time All-Star and gold glove backstop in Kansas City through his age 31 season.

Perez signed his initial five-year, $7 million deal prior to the 2011 season that included three club options that would keep him under Kansas City’s control through 2019. Most teams would not extend a player when they are already under contract, but the Royals pride themselves in creating a family atmosphere in the clubhouse. But Perez has out-performed that contract and they did the right thing in giving him what he deserves after all he has done for the origination early in his career.

After winning their first world title in 30 years, Kansas City has spend aggressively this winter. They handed out their two largest contracts in franchise history; a four-year, $72 million deal to retain left fielder Alex Gordon and a five-year, $70 million agreement with free agent pitcher Ian Kennedy, which contains an opt-out after 2017. They also signed Joakim Soria to a three-year, $25 million deal to bring the man with the third most saves in franchise history back to KC and also brought back pitcher Chris Young on a two-year deal. The payroll entering 2015 was at an all-time high at $113 million and ownership stated that they did not anticipate 2016’s payroll to go beyond that point. But the team enters 2016 with a payroll just shy of $130 million, setting another franchise record.


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