Though Alex Bregman signed with the Red Sox, the Tigers were one of the finalists. It was reported last week that Detroit had an offer of six years and $171.5MM on the table with an opt-out after year two, though there were some deferrals involved. This week, Evan Petzold of the Detroit Free Press provides some more details and context for the talks between the Tigers and Bregman’s agent Scott Boras.
As for that previously-reported offer from Detroit, Petzold reports that $40MM of it would have been deferred. That’s a sizable amount but notably less than the deal Bregman accepted with the Red Sox. Though the sticker price on the Boston deal is $120MM over three years, $40MM average annual value, there are $20MM in annual deferrals for a $60MM total.
Bregman didn’t accept that offer from the Tigers but seemed perfectly open to joining the club, as his camp made a few counter offers. One of them was for $200MM over seven years, which would have been a $28.6MM AAV. The other was $186MM over six years, $31MM AAV, with an opt-out after 2025. Neither of those offers from Bregman/Boras to the Tigers included deferred money.
Those asks align with previous reporting on what Bregman was looking for in free agency. In the earlier parts of the offseason, he and the Astros seemed to be having a bit of a staring contest. Houston offered $156MM over six years, $26MM AAV, but Bregman reportedly wanted to get closer to $200MM and didn’t like the idea of taking a pay cut in terms of AAV. As part of Bregman’s previous extension with Houston, he made $28.5MM salaries in each of the final two years of the deal. The Astros walked away, which led clubs like the Red Sox, Tigers and Cubs emerging as frontrunners for his services.
His two counter offers to Detroit would have put him a bit above that Houston AAV but it seems the Tigers weren’t quite willing to go there. The previously-reported six-year, $171.5MM offer from Detroit would have led to an AAV of $28.6MM in terms of the sticker price, but the deferrals would have knocked that down. The degree to which the AAV would have dropped would have depended on how far into the future that money was deferred, but it surely would have been below the $28.5MM AAV that Bregman seemed determined to top, or at least match.
When pivoting to a short-term deal, a player usually sacrifices a bit of overall guarantee for greater earning power in the short term. There were reports in the offseason that Bregman was resisting such a pivot, presumably because he had these decent six-year offers from Houston and Detroit. However, since they didn’t quite live up to his expectations, he eventually did turn to a shorter pact. The $40MM AAV he got from the Red Sox is apparently going to be calculated as $31.7MM for competitive balance tax purposes when factoring in the deferrals, but that still allows Bregman to get an AAV bump compared to his last deal.
Whether that will prove to be a wise pivot remains to be seen. Last offseason, several players pivoted to short-term pacts that fell below initial market expectations. Most prominently, the so-called “Boras Four” of Blake Snell, Jordan Montgomery, Cody Bellinger and Matt Chapman took this path. That has already paid off for Chapman and Snell, who each eventually landed the mega deals they were seeking. Chapman initially got $54MM over three years from the Giants but then signed a six-year $151MM extension late in the 2024 season. Snell got $62MM over two years from San Francisco, opted out and then got $182MM over five years from the Dodgers.
For Bellinger and Montgomery, the jury is still out. Bellinger got $80MM over three years from the Cubs, had a good-not-great season and decided not to opt out. He has since been traded to the Yankees and has another opt-out chance after this season. Montgomery got just one-year and $25MM guaranteed but with a vesting option. He vested the $20MM player option and bumped the value to $22.5MM by making at least 18 starts, but decided not to return to free agency after posting a 6.23 earned run average. Montgomery left Boras and later accused the agent of having “butchered” his free agency.
Like those players, Bregman has opt-outs after each year of his deal. He clearly had an idea of where he considered his value to be and went out looking for it this winter. He didn’t fully get everything he was looking for, leaving some long-term money on the table to get the AAV he wanted in the short term. He will have the ability to try again in the future, perhaps as soon as eight-ish months from now.
For the Tigers, though they didn’t get a deal done, it does showcase a greater willingness to spend than they have otherwise. Since Scott Harris has taken over as president of baseball operations, they have avoided long-term commitments. No free agent has signed a deal longer than two years. The club did agree to a six-year extension with Colt Keith, but that only committed the club to his pre-existing window of control. The three club options could keep him around beyond that period but the club will also have the ability to walk away.
The Bregman negotiations show that there are no hard lines against making longer deals and that the club would consider making such an investment if the stars aligned. Perhaps the Tigers could circle back to Bregman next winter if he opts out, though their interest will naturally depend on how things play out in Detroit this year. Young infielders like Keith, Jace Jung, Trey Sweeney and Spencer Torkelson should all be vying for playing time and their performances could determine how forcefully the Tigers look to make a big infield addition next winter.