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Off Day Ruminations: The Albies Extension

As promised last week, I want to put my economist hat on for just a minute to discuss the Albies extension, in which people argue that Albies and his agent are leaving $100 million or more on the table. There is nothing in economics that makes this impossible, but there are good reasons to think it is unlikely.

One way to see this is just to look at market comps, as Ken Rosenthal does here. Christian Yelich, Andrelton Simmons and Anthony Rizzo all signed similar buyout contracts for around $50 million.