Overview
- The contract runs through 2032 at $25 million per year, with $10 million deferred annually and payments beginning in 2036.
- At the team’s announcement, Ramírez said he initiated the talks to stay in Cleveland for the rest of his career, citing family and community roots.
- The deal is the largest in club history and retains his full no-trade clause from the prior agreement.
- The deferral structure reduces short-term costs, with reporting estimating about $6 million in 2026 savings and greater relief in subsequent seasons.
- Owner Paul Dolan and president Chris Antonetti highlighted broad ownership involvement, including minority owner David Blitzer, while Antonetti said the deferrals may not significantly change near-term roster additions.