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How MLB Star Carlos Correa Lost $150 Million In Contract Earnings

The biggest story in the league for the last month has been the tortuous free-agent saga surrounding Carlos Correa, which started with a 13-year $350 million dollar deal from the San Francisco Giants, which the team ultimately walked away from after Correa failed the team physical.

The two-time All-Star had deals with the Giants and Mets fall apart after each team raised concerns about his right ankle status in a physical. 

After weeks of tumultuous negotiations, Correa returned to the Twins, where he played in 2022. Correa’a agent, Scott Boras, addressed the situation during a weekend interview with Bob Nightengale of USA Today. 

“I don’t understand the Mets,” Boras told Nightengale. “I gave them all of the information. We had them talk to four doctors. They knew the issue the Giants had. And yet, they still call the same doctor the Giants used for his opinion. There was no new information. So why negotiate a contract if you were going to rely on the same doctor? It was different with the Giants because a doctor had an opinion they didn’t know about. But the Mets had notice of this. They knew the opinion of the Giants. So why did you negotiate when you know this thing in advance?”

The agent expressed disappointment in the Mets, telling Nightengale that the New York club leaned on the same doctors that raised concerns about Correas ankle during his consultation for the Giants.    

The same was said by the shortstop himself in an interview last week with Ken Rosenthal of The Athletic. 

Both USA Today and Dan Martin/Jon Heyman of The New York Post wrote separately over the weekend that Dr. Robert Anderson, a foot/ankle specialist from Wisconsin with plenty of NFL player experience as well, is the orthopedic doctor consulting with the teams doctors for both San Francisco and New York. 

“I did not get it from the Mets,” Boras told Nightengale. “I gave them every piece of information. 

We had them speak with four doctors.    

They knew what kind of problems the Giants had. 

Yet, they still called on the very same physician that the Giants used to get their opinions. There is not any new information to come out. So why negotiate a contract when you are going to rely on the same doctors. It is not like that for the Giants, because one of the doctors has a view that the other does not.    

But the Mets took note of it. They knew what the Giants were thinking. So why negotiate when you know that stuff beforehand?”.  

After a deal with the Giants fell through, Correas’ camp moved swiftly on to the Mets. That was not the case when New York expressed concerns about physicals. Boras and the Mets spent almost two weeks conducting negotiations exclusively, and the team sought sweeping changes to the initial 12-year, $315MM deal.    

As first reported by Heyman last week, the Mets new offer called for $157.5MM in guarantees over six years, cutting the initial deal exactly in half. The deal was set to include an extra six years, with $157.5MM of contingent money after that, with Nightengale writing that the Mets wanted Correa to submit to a physical exam at the end of each of the last six seasons.

Nightengale reported Correas camp offered language allowing the Mets to decrease his commitment if a right ankle problem costs him two months of action, and a provision that allowed the team to nullify the agreement should Correa miss 120+ days in two years due to the ankle injury. 

Whatever specifics were discussed, it was clear the sides were not able to agree on a satisfactory trade.   

With negotiations at an impasse, Boras opened lines of communication with the other teams at the beginning of January. 

Correa’s camp reached an agreement late last Monday with the Twins for a six-year, $200MM guaranteed deal, which contains four more club/vested options, potentially maxing the deal out at $270MM over ten years. 

Correa passed a physical with Minnesota, and the teams made the agreement official on Wednesday morning.    

Neither the Giants nor the Mets were able to provide much in public about the reasons for walking away from the agreement. 

Officials from both clubs noted HIPAAs confidentiality protections prevented them from disclosing much about players’ medical conditions. 

Both teams issued a short statement following their failed negotiations, noting they were unable to reach an agreement and wish Correa well. 

However, SNYs Andy Martino reported just prior to negotiations with the Mets falling apart that team officials had grown “very frustrated” about the state of negotiations. 

In the end, all this amounts to nothing but a footnote to history.    

Correa is going to be a Twin at least through the better part of the 2020s, and Minnesota is banking on long-term ankle stability. The Giants and Mets will go with Brandon Crawford and Francisco Lindor, respectively, at shortstop, sticking to their prior internal options in the outfield. 

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