7:13pm: Mark Feinsand of MLB.com reports the specific breakdown. Ragans receives a $250K signing bonus and a $1MM salary for the upcoming season. He’ll make $4.5MM and $7.5MM for the following two seasons and would escalate his ’27 salary to $8MM if he wins the Cy Young in either of the next two years.
7:05pm: The Royals are in agreement with ace Cole Ragans on a three-year, $13.25MM deal that covers this season and his first two years of arbitration eligibility, reports Jeff Passan of ESPN. The signing does not impact Kansas City’s window of team control. Ragans, a Wasserman client, remains controllable through the end of 2028.
Ragans has a little over two years of major league service. He did not reach the cutoff necessary to qualify for early arbitration as a Super Two player. He would have played the upcoming season on a salary around the league minimum before reaching arbitration next winter. This likely gives him a bump this year while allowing the Royals to lock in his earnings over what would have been his first two arbitration seasons. Barring another extension, he’ll go through the arbitration process one time during the 2027-28 offseason before hitting the open market.
More to come.
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