Blue Jays' make new contract offer to Vladimir Guerrero Jr

The will-they-won't-they between the Jays and Guerrero has been playing out for years now, but with a special focus on the drama this winter.

Guerrero is now slated for free agency after the 2025 season, which begins today for the Jays.

It's common for players to set Opening Day as a deadline in contract talks, to avoid distractions during the season.

Guerrero initially went a step further and set a deadline of February 18, the opening of Spring Training.

That day came and went without a deal getting done, though Guerrero subsequently said he would keep the door open if the Jays wanted to come back to the table. Reportedly, Guerrero's asking price was a deal of at least 14 years and worth $500MM.

The Jays reportedly did make him an offer in February with a sticker price of $500MM, but with deferrals that would knock the net present value down to the $400-450MM range.

Guerrero is said to be open to deferrals generally but would still like the NPV to get to that $500MM line.

In a sense, that $50-100MM gap is not large. For a deal of that length, that's about $3.5MM to $7MM annually. In an annual baseball budget, that's what clubs spend on a veteran reliever or a backup catcher.

That would appear to be a bridgeable gap. That's perhaps especially true when looking at the broader picture. Guerrero has been the face of the franchise for many years now. The Jays have tried to sign other marquee players like Shohei Ohtani, Juan Soto and Roki Sasaki but without success.

The regime of president Mark Shapiro and general manager Ross Atkins has seemingly left a large segment of the fanbase discontent.

There has been a lot of regular season success in recent years but the Jays have been swept in all of their most recent playoff appearances. Many things went wrong in 2024, which exacerbated the frustration.

Letting Guerrero walk for a relatively small financial gap would likely be unwelcome from a public relations perspective, whereas getting a deal done on Opening Day could theoretically provide a nice boost to fan morale.

The front office seems to view the situation as one that can be resolved. Shapiro recently expressed confidence that a deal would get done, either an extension or later in free agency.

That was an unusual bit of candor, since front office types usually duck questions about ongoing negotiations. Atkins made somewhat similar comments yesterday, per Hazel Mae of Sportsnet and Keegan Matheson of MLB.com.

SOURCE: Buster Olney ESPN, MLBTR