The Los Angeles Dodgers and three-time Cy Young Award winner Clayton Kershaw reached an agreement on a contract extension today that will keep the seven-time All-Star with the club through 2021.— Los Angeles Dodgers (@Dodgers) November 2, 2018
Had Kershaw simply opted in to the final two years of his deal, he would've been paid roughly $65 million over the next two seasons. Instead Kershaw according to multiple reports will receive $93 million over three years plus incentives. So in essence, Kershaw gets an extra year and another $28 million, plus the opportunity to add to the total value via bonuses.
Kershaw, who turns 31 in March, is coming off a 2018 season in which he registered a 2.73 ERA/142 ERA+ and 5.34 K/BB ratio in 26 starts and 161 1/3 innings. For his career, he owns an ERA+ of 159 across parts of 11 major-league seasons, all with the Dodgers. Kershaw has to his name seven All-Star appearances, three Cy Young awards, an MVP, 153 wins and a career WAR of 62.1. Despite the mixed bag that is his postseason career (4.32 ERA in 152 playoff innings), Kershaw looks every bit like a future Hall of Famer.
As for his near-term outlook, his peak appears to have passed. That's especially the case in terms of durability -- thanks to a run of injuries, Kershaw hasn't topped 200 innings in a season since 2015. As well, he's shown significant velocity loss.
That said, thanks to Kershaw's deep repertoire and skills retention at the command-and-control level, he figures to quite valuable when healthy over the near- to mid-term. He's also just one year removed from leading the NL in ERA+. As for that postseason resume, the concerns are somewhat allayed by Kershaw's longstanding willingness to start on short rest and pitch out of the bullpen -- i.e., do whatever his team needs him to do in October.
Kershaw originally was supposed to make his decision by 11:59 p.m. ET on Wednesday night, but he reached an agreement with the Dodgers tountil Friday afternoon. The two sides used the extra time to work out a new deal.
Kershaw has been a Dodger since not long after they drafted him out of Highland Park High School in Dallas with the seventh overall pick of the 2006 MLB Draft. Whatever happens in the years to come, Kershaw will rightly be regarded as a franchise legend, even if his new normal is below his old.