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Red Sox's contract details with Aroldis Chapman revealed (and it's a bargain)

Can't argue with this.
Emma Lingan
Emma Lingan

BoSox Injection

Boston Red Sox v New York Yankees / Jim McIsaac/GettyImages

Aroldis Chapman has been nothing short of excellent for the Boston Red Sox since signing a one-year, $10.5 million deal in free agency last offseason. On Sunday, the Red Sox rewarded that excellence by signing him to a one-year extension with a vesting/mutual option for 2027.

According to the terms of the agreement, Chapman will earn a $13 million base salary in 2026. If he reaches 40 innings next season, he will get a $13 million salary again in 2027 to guarantee him $26 million over the next two years. If not, he would receive a $300,000 buyout unless both sides accept a mutual option. As the best closer in the league right now, that's a bargain salary for the Red Sox with minimal risk attached as the deal could stretch into his age-39 season.

At 37 years old, Chapman is enjoying the most dominant season of his career. The southpaw has pitched to a career-low 1.02 ERA while converting 27 saves in 29 opportunities during his 16th Major League campaign, his first with the Red Sox. Last season, he posted a 3.79 ERA in 61 2/3 innings with the Pittsburgh Pirates.

Red Sox's contract details with Aroldis Chapman revealed (and it's a bargain)

Chapman will be 38 years old by the time his new contract kicks in, but he's shown no signs of slowing down. He earned his eighth All-Star selection this season, and he has thrown a pitch faster than 100 mph in 16 straight seasons – a record for the pitch tracking era.

Chapman has 76 strikeouts in 53 innings during his resurgent season in Boston, and he hasn't given up a hit to the past 44 batters he has faced. He extended his career-best hitless streak Sunday to 15 games – the longest in Red Sox history and tied for the third-longest in the Major Leagues since 1901. Chapman's overall strike percentage of 69.8% is also the best of his career.

With numbers like that, Chapman almost certainly could have received a bigger payday on the open market if he had elected free agency in November. Instead, he renewed his commitment to the Red Sox, where he has already become a cornerstone of the organization's sustained success.

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Emma Lingan

Emma Lingan

Emma Lingan is an MLB Staff Writer for FanSided primarily covering the Pittsburgh Pirates. She has been covering baseball for more than a decade dating back to her time as a student at Wake Forest University, and she has won two gold medals as a member of the U.S. National Team delegation (2016 Pan-American Championships & 2017 World Baseball Classic). A native of Washington, D.C. and current resident of Nashville, Tenn., she is also entering her seventh season as a credentialed NHL media member and currently covers the NHL’s Nashville Predators for The Hockey News. When she's not watching hockey, baseball or football, she enjoys podcasting, reading, going to the gym, consuming large amounts of coffee and taking long walks with her dog, Minkah. You can follow her @Emma_lingan on Twitter and Instagram.