Paul Skenes signed a 1-year contract with the Pirates on July 19, 2023 for $9.2 million after being drafted #1.
1.July is in the middle of the MLB season. What happens when the contract nears its end?
2. Skenes is on a clear trajectory to the majors, but remains in the minors. How does it benefit the Pirates to keep him there?
Obviously they’re doing what’s best for the Pirates, but I’d like to know how it all works from the inside financially bc I have no idea.
In: Economics
youll want to learn about **farm teams** and **optioning players**……basically the MLB team can move players from the majors to the minors at will throughout the season (with some rules on roster size and stuff)
keeping a player contracted but in the minor league keeps the player from moving to another team and keeps the ability to use the player if needed
having a contract expire in the middle of a season is strategic – its a bit harder to negotiate with other teams mid-season when other budgets and contracts have been settled…..harder to shuffle things around
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