
Some teams and players just seem to go together, like Tony Gwynn and the San Diego Padres, Derek Jeter and the New York Yankees or Clayton Kershaw and the Los Angeles Dodgers, just to name a few.
The same can be said for Salvador Perez and the Kansas City Royals. At this point after 14 seasons spanning over the last 15 years in Kauffman Stadium, it seems almost wrong to think of him playing anywhere else.
While there was never really a risk of that scenario taking place this winter, with the Royals holding a club option for him if all else failed, the future of Perez in Kansas City looked as uncertain as it ever had.
But on Tuesday, they avoided having to enter a year of uncertainty and avoided some potentially awkward feelings by kicking off the offseason with a two-year extension for their franchise cornerstone.
And by all accounts there’s plenty of reason to believe that this is a win-win situation for all parties involved.
Before we get into why this contract makes so much sense, let’s first dive into the financial specifics of it.
Over the two-year term, Perez is guaranteed $25 million. On the surface, that’s a $12.5 million AAV that doesn’t seem all that different from the $13.5 million club option he was lined up to receive in 2026 before this.
The difference is in the details, though. As Anthony Franco of MLB Trade Rumors points out, it’s not as straight forward as just $25 million split in half.
There’s a $7 million signing bonus that Perez won’t see until 2030 and that will be paid out in installments until 2034. Then, there’s $2.5 million in deferred money allocated to each of the two seasons that, again, won’t be paid until 2030 through 2034. So this means the Royals are only set to pay Perez $13 million over the next two years.
On the surface, this contract seems like a pay cut for Perez. And to put it simply, it is. $6.5 million per year isn’t $13.5 million.
As harsh as it may sound, a pay cut may’ve been in order here for Perez. At age 35, we really started to see some regression from him.
He may still have been the same 30 HR and 100 RBI threat as he’s been for much of his career (he quite literally hit 30 HR and 100 RBI in 2025) but his all-around offensive game saw a decline.
He went from slashing .271/.330/.456 with a 117 wRC+ in 2024 to slashing just .236/.284/.446 with a below-average 95 wRC+. He also reverted back to his more undisciplined ways, as his walk rate dropped 2.3% back under 5.0% (4.4%) from 2024 to 2025.
There’s also the fact that he’s not just a catcher anymore, appearing at both first base and designated hitter 30 times or more this season, with the Royals introducing their potential catcher of the future in Carter Jensen in September.
To boil it down, Father Time seems to be catching up to Salvy, and he’s simply showing signs of being a major leaguer in his mid-30s.
However, to get a multi-year deal that comes to only $1 million less in overall annual value than if the Royals were to pick up his club option in 2026 instead, is a pretty sweet deal for an aging backstop.
It also shows the faith that the Royals still have in Perez to continue to be a staple in the heart of their order.
Salvador Perez has agreed to a two-year deal to remain with the Kansas City Royals, per the team.
— Just Baseball (@JustBB_Media) November 5, 2025
The deal will take the KC legend through his age 37 season, which could guarantee he spends his entire career with the Royals. pic.twitter.com/LMg3JUlyU0
Whether or not he was deserving of being a Silver Slugger finalist this season is a debate for a different day, but regardless, he’s still a real power threat behind young core names like Bobby Witt Jr., Maikel Garcia and Vinnie Pasquantino.
This deal not only pays him well for where he’s at in his career currently, it also shows Perez that he’s still a respected piece of this franchise despite entering the twilight years of his career.
Then there’s Royals side of the contract, which looks just a beneficial as the player side of it.
Obviously, having that extra bit of cash due to the initial $1 million dollar cut in AAV in 2026, as well as the money allocated to 2030 in both the signing bonus and deferrals, goes a long way for a smaller market contender looking to be a bit more bullish on the free agent and trade markets.
This gives them wiggle room to throw more at current areas of need, such as corner outfield, second base or in the bullpen, but could also be used to help fund other key extensions.
Both Pasquantino and Garcia are coming off career years and are now in the arbitration stages of their controllable years. This puts them in the prime points of their careers to receive at least a shorter-term bridge extension to buy through some if not all of their arbitration years, like they did with Cole Ragans last year, and maybe even more after that.
Then, there’s the term. Two years ensures that their Captain and franchise lifeblood is not only made to feel respected, but gives the Royals multiple years of continuing to have another marketable fan favorite around to help continue to grow this franchise in their newfound age of competitiveness.
After all, this a former World Series Champion and World Series MVP who continues to write his name in the history books among the franchise’s best and brightest. The story sells itself at this point.
But what a two-year deal also does is give the Royals the flexibility to grow and evaluate in the short-term.
Perez’s days behind the plate are numbered. The Royals have a pair of top catching prospects In Jensen and Blake Mitchell that will soon be capable of taking over the everyday backstop role. In Jensen’s case that could be as early as this season after making his debut in September.
But for the time being, while those two prized prospects continue to develop, there’s ABs to be had not only behind the plate, but at DH and even at first base on the days that Pasquantino needs to get off his feet.
However, the older he gets and the more names like Pasquantino and Jensen come into their primes, the spots for Perez to will soon start to decrease. And if he’s just to be more of a full-time DH by the time the second year of his deal roles around or once it’s up after 2027, Kansas City has a chance to re-evaluate Perez’s value and plan their future accordingly.
At this point, it seems unlikely Perez doesn’t finish out this contract. However, after two years, Perez will be in his late 30s (37 to be exact), so this contract offers him a shorter term window to see where he’s at himself and evaluate whether or not he still has something left in the tank to give.
Bottom line, the team has a beloved Royal who still holds plenty of value in the later stages of his career, but now have more control over what can go on around him in the short-term.
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