Red Sox Sign Brayan Bello To Extension

The Red Sox announced they have signed right-hander Brayan Bello to a six-year extension with a club option for 2030. It will give the team an extra two years of control over the 24-year-old and reportedly has a $55MM guarantee. Bello had previously been controllable through the 2028 season, but the Sox have locked in one would-be free agent year and also secured a club option for a second season that’s said to be valued at $21MM. Bello is represented by ISE Baseball.

Chris Cotillo of MassLive was among those to relay the full breakdown. Bello will get a $1MM signing bonus and salary of $1MM here in 2024, followed by successive salaries of $2.5MM, $6MM, $8.5MM, $16MM and $19MM. There’s also a $1MM buyout on the $21MM club option. There are also bonuses and escalators based on Cy Young voting and All-Star selections.

Bello, 25 in May, was signed out of the Dominican Republic for a modest bonus of $28K. But he continued to find success as he moved up the minor league ladder, climbing prospect lists in the process. Baseball America had him in the 15-20 range of their list of the top 30 Red Sox prospects in 2020 and 2021, then vaulted him up to #5 going into 2022. That was based on a 2021 season wherein Bello tossed 95 1/3 innings on the farm with a 3.87 earned run average, 32.8% strikeout rate and 7.7% walk rate while also keeping about half of balls in play on the ground.

He was added to the club’s 40-man roster late in 2021 to keep him out of that year’s Rule 5 draft. In 2022, he posted a 2.76 ERA at the Triple-A level and also got to make a brief major league debut, tossing 57 1/3 innings. His 4.71 ERA in that time wasn’t especially strong but his 55.7% ground ball rate and .404 BABIP suggested at least some of that was misfortune.

Last year got out to a shaky start, as he began the year on the injured list due to some elbow inflammation. He returned in mid-April and had a couple of shaky starts before the Sox decided to option him to the minors. An injury to Garrett Whitlock led to a quick return for Bello and it was at that point that he put together a strong stretch of work that established him as a viable big league hurler.

From his April 28 recall through the end of August, he made 21 starts for the Sox with a 3.20 ERA. His 19% strikeout rate was below average but his 6.4% walk rate and 55% ground ball rate were very strong. He seemed to run out of gas at that point, as he allowed 22 earned run in 26 September innings. Between the poor finish and the rough start, Bello ended up with a 4.24 ERA on the year overall, but the middle section of the season clearly opened some eyes.

It’s obviously a bit favorable to Bello to exclude his worst results, but he was a bit banged up at the beginning of the year and the thud at the end could be chalked up to last year being his largest innings tally thus far. The Sox clearly believe he’s capable of taking a step forward if they are willing to invest in him. He’s already shown he can keep the ball on the ground and the strikeouts might come around eventually, as his 11% swinging strike rate in his career so far is right around league average and he’s punched out 28.9% of hitters faced in the minors.

The Sox have very little starting pitching certainty going forward. Lucas Giolito was signed to a two-year deal this offseason but he now seems to be facing a significant absence due to a partially-torn UCL and a flexor tendon strain. Nick Pivetta is slated for free agency after 2024. That leaves their long-term rotation mix consisting of Bello, Kutter Crawford, Tanner Houck and Garrett Whitlock. Those are talented arms, but each of Crawford, Whitlock and Houck are still somewhat unestablished, with none of them having tossed 130 innings in a major league season yet. On BA’s current list of the top 30 prospects in the system, only two of the top 10 are pitchers, with Wikelman Gonzalez at #7 and Luis Perales at #9. The latter has yet to reach Double-A and the former has less than 50 innings pitched at that level.

Given those options, it’s understandable why the Sox wanted to build around Bello. And from the player’s perspective, his small bonus means he has yet to bank meaningful earnings, unlike a top draft pick or hyped-up international player who may already have millions stashed away. Bello’s service time clock is currently at one year and 82 days, meaning he wouldn’t have even reached arbitration until after the 2025 season.

A deal has seemed like a strong possibility for some time now. Back in January of last year, the young righty expressed his openness to such an arrangement and reporting from July suggested the club would likely broach the subject at some point. A few weeks ago, further reporting indicated that the two sides were discussing a new deal and it seems they are now making some headway.

As shown in MLBTR’s Contract Tracker, Bello is just the fifth pitcher with between one and two years of MLB service time to sign an extension in the past eight years. The two most recent examples — Cincinnati’s Hunter Greene and Atlanta’s Spencer Strider — signed six-year deals worth $53MM and $75MM, respectively. Strider’s contract is a record for this service class and was never likely to be matched by Bello. But the Boston right-hander will settle in just north of Greene’s deal, which was surely a point of focus for Bello and his camp.

Extensions usually feature climbing salaries as the years progress, roughly mirroring the arbitration process. The Sox currently have little on the books that would coincide with the most expensive years of this potential extension. Rafael Devers is under contract through 2033, but no one else is guaranteed a contract beyond 2027. Trevor Story and Masataka Yoshida are the only players guaranteed a salary beyond 2026. Adding Bello to that mix will put another salary of note on the payroll and modestly add to the team’s luxury ledger, but the extension is nonetheless an affordable means of locking in some stability while giving the team some upside in the event that Bello takes his game to a new level.

Alex Speier of the Boston Globe first reported that the two sides were in “advanced” talks on a deal. ESPN’s Kiley McDaniel broke the news that the two parties had agreed on a six-year, $55MM deal.