There are a few players who are tough to predict during the preparation of the Top 50 free agents every year. Often, they’re players whose reputation outpaces their statistical output, especially in their walk year. Pete Alonso is the best example this offseason.
We landed on a five-year, $125MM prediction that ranked him seventh in the class. That seems to be below market consensus. Other estimates of Alonso’s earning power have landed in the $140MM to $170MM range.* Those align more closely with the Polar Bear’s reputation as a star, putting him in the Freddie Freeman or Matt Olson bucket. Freeman landed a deferred $162MM contract from the Dodgers, while Olson’s extension with the Braves guaranteed him $168MM over eight seasons.
Alonso likely expects to be paid similarly. Joel Sherman of the New York Post has reported that Alonso declined a seven-year, $158MM offer from the Mets in June 2023. That would have bought out his final arbitration season and six free agent years. Alonso collected $20.5MM for his last arbitration year, so the extension proposal can be considered akin to $137.5MM over six seasons. As recently as last summer, Alonso and his previous representatives felt he could do better. (He has since hired the Boras Corporation.) He’ll need to buck some market trends for that to be the case.
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