Red Sox News: Matt Barnes agrees to 2-year contract extension
The Boston Red Sox agreed to a contract extension with Matt Barnes
Matt Barnes, just two days away from representing the Red Sox in his first All-Star game, signed a deal that will keep him in Boston for at least two more seasons.
Here to stay!
— Red Sox (@RedSox) July 11, 2021
The #RedSox today signed RHP Matt Barnes to a two-year contract extension that spans the 2022-23 seasons, with a club option for 2024. pic.twitter.com/qHMrGPQMo8
The 31-year-old right-handed pitcher is enjoying the best year of his career. Through 37 games, he’s pitching a career-best in ERA, FIP, WHIP, hits per 9 innings, strikeouts per 9 innings, and K/BB percentage.
He’s not just having a good season by his own standards. Barnes has been one of the best relief pitchers in MLB, ranking 4th in WAR, 2nd in saves, and in the 99th percentile in xBA, xWOBA, K%, and xERA.
For his efforts he is headed to Denver this week for his first All-Star game. The Red Sox, eager to not lose one of the best relief pitchers in the game to free agency at the end of the season, inked a deal to keep Barnes in the bullpen for the next few years.
Alex Speier of the Boston Globe reported the 2-year deal is worth $18.75 million with a club option in 2024:
Terms of Barnes deal, which is two years, $18.75M with an option:
— Alex Speier (@alexspeier) July 11, 2021
2022: $7.25m
2023: $7.5m
2024 Club Option: $8m
Buyout: $2.25m
Signing bonus: $1.75m
Total guarantee: $18.75m
The team option can escalate by $2m based on games finished over the course of the contract. https://t.co/HQ24UuNil0
At these rates, Barnes is not breaking the bank for the Red Sox. Prior the upcoming free-agency, Barnes’ salary will rank outside the top-10 in the league for relief pitchers next season. There are other big name relief pitchers set to hit free agency this offseason, such as Kenley Jansen, who will likely command a larger deal and push Barnes further down that list.
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Barnes’ extensions is an excellent deal for the team and will lock down the anchor of one of the best bullpens in the league, which currently ranks 5th in WAR. Barnes’ 2021 campaign is up there with the best seasons Jonathan Papelbon, Craig Kimbrel, or Koji Uehara ever had with the team. If Barnes can keep the momentum going after the All-star break he may earn himself a place on the Red Sox relief pitcher Mount Rushmore.