White Sox announce $70M, 5-year deal with Yoán Moncada

MESA, Ariz. (AP) — The Chicago White Sox announced their $70 million, five-year contract with Yoán Moncada on Friday,

He gets a $4 million signing bonus, payable in equal installments each Nov. 15 from 2020-23, and salaries of $1 million this year, $6 million in 2021, $13 million in 2022, $17 million in 2023 and $24 million in 2024.

Moncada's deal includes a $25 million team option for 2025 with a $5 million buyout. The option price can increase by a maximum of $2.5 million based on his finish in MVP voting from 2020-24: $2.5 million for winning and $1.5 million for second or third.

Chicago acquired the 24-year-old Moncada in the December 2016 trade that sent Chris Sale to the Boston Red Sox. Long regarded as one of baseball's top prospects, the third baseman broke out last season when he set career highs with a .315 batting average, 25 homers and 79 RBIs.

Moncada would have been eligible for salary arbitration after this season and for free agency after the 2023 season.

“I want to thank the White Sox organization for the trust they are giving me,” Moncada said in a release. “I am very happy and proud because it gives me the chance to secure my financial future and the future of my family, and it reinforces my commitment to the White Sox and their fans. I am going to keep working hard every day to represent this organization and to help, along with all the great talent that we have here, to win multiple championships.”

Hoping to make the most of a painful rebuilding process, the White Sox have handed out several big deals to the prospects they accumulated during seven straight losing seasons.

Shortstop Tim Anderson agreed to a $25 million, six-year contract in March 2017. Young slugger Eloy Jiménez finalized a $43 million, six-year deal last March, and...

source https://www.chron.com/sports/article/White-Soc-announce-70M-5-year-deal-with-Yo-n-15111198.php