The Mariners announced that they’ve signed catcher to a six-year extension Cal Raleigh that starts this year.
It’s reportedly a $105MM guarantee for the Excel Sports Management client. He had previously agreed to a $5.6MM salary in 2025 to avoid arbitration, so this deal adds five years and $99.4MM in terms of new money
He was slated to hit free agency after 2027, so this deal buys out three free agent seasons and there’s also a vesting option for 2031. Raleigh gets full no-trade protection.
The specific breakdown is a $10MM signing bonus and $1MM salary in 2025, followed by salaries of $11MM and $12MM in 2026 and 2027.
He will then make $23MM salaries for three straight years. For 2031, there is a vesting player option valued at $20MM with a $2MM buyout.
The option would vest if Raleigh appears in 100 games behind the plate in at least four of the six guaranteed seasons.
