This obviously isn’t shocking, seeing as news of Story’s $140 million agreement first broke Sunday. But The Boston Globe’s Alex Speier and MassLive’s Chris Cotillo shared additional details regarding the deal Wednesday in wake of the Red Sox’s announcement.
The New York Post’s Joel Sherman reported Sunday that Story’s contract includes an opt-out after the fourth year (2025) that Boston can negate by exercising a seventh-year option. Speier and Cotillo confirmed that notion Wednesday while also providing a year-by-year breakdown of Story’s salaries.
Here are the contract details, per Speier and Cotillo:
2022-23: $20 million
2024-25: $22.5 million
2026-27: $25 million
2028: $25 million club option or a $5 million buyout
So, if Story opts out after the fourth season (2025), the Red Sox still can retain him by guaranteeing the option year (2028). And in that case, Story would earn $25 million each season from 2026 to 2028.
Put another way, Story is slated to earn $85 million over the first four years of his Red Sox contract, then $75 million over the final three years if Boston picks up his seventh-year option for 2028 when decision time rolls around after the 2025 season — potentially bringing the total investment to $160 million.
Sherman reported Sunday that Story’s contract does not include any no-trade provisions.