Pirates and Bryan Reynolds still negotiating opt-out clause

Opening Day came and went without any resolution on the long-running extension talks between Bryan Reynolds and the Pirates. Negotiations reportedly hit a snag when Reynolds’ camp pursued an opt-out chance following the 2026 season. The parties were apparently both amenable to tacking on seven years and $100M to cover the 2024-30 seasons but didn’t reach a compromise on Reynolds’ desire to be able to test free agency midway through the deal.

The opt-out wasn’t the only issue, as Jon Heyman of the New York Post reports the Bucs were also resistant to including a no-trade clause. It’s not clear how adamant Reynolds is about receiving at least limited no-trade protection, though that’s perhaps another hurdle the sides will have to clear.

Sorting through the opt-out clause seems a tougher challenge than settling on no-trade rights. The Bucs already control Reynolds via arbitration through the 2025 campaign. A post-2026 opt-out would only ensure Reynolds sticks in Pittsburgh for one additional season. On a contract with guaranteed salaries running through 2030, that provision would give the All-Star outfielder relatively early flexibility to test the market while leaving the team with some extended risk if Reynolds suffers an injury or underperforms.

It’s not clear if the Bucs would be amenable to including an opt-out later on in a potential extension. Doing so after 2027, for instance, would ensure the club tacks on at least two more seasons of control. That might not be all that appealing to Reynolds, however. The switch-hitter is already 28 and won’t hit free agency until after his age-30 campaign even if he proceeds through arbitration. A post-2027 opt-out wouldn’t allow him to explore the market before he’s headed into his age-33 season, when the chance for a long-term free agent pact might’ve passed regardless.

Given the challenge of finding an opt-out date that could make mutual sense, Heyman writes the Pirates are open to “(moving) money around” in extension talks. Whether that’s merely restructuring the $100M offer — which would’ve reportedly been backloaded — to get Reynolds more money up front or involves a boost to the overall guarantee isn’t clear. In any event, it’s apparent the Pirates aren’t closing the door on continued negotiations.

General manager Ben Cherington confirmed as much in a conversation with the Pittsburgh beat earlier in the week (link via Kevin Gorman of the Tribune-Review). “We’ve never had any team policy about (a deadline) on Opening Day,” Cherington said. “Out of respect to players and the team, we try to keep those conversations to the offseason and Spring Training. But if it makes sense for all parties to have a conversation during the season, there’s no policy against that. We’re open to that. … He’s playing well. From his play, it looks like he’s focused on the season. We’re focused on supporting him. If there’s anything more to talk about, we’ll keep that between him and us.”

Reynolds’ camp had reportedly pushed for an extension to be done by Opening Day. It’s not uncommon for teams or players to work beyond self-imposed “deadlines” of that nature if the sides are close enough that a deal isn’t far out of reach. (For instance, Manny Machado and the Padres signed his extension a little more than a week after Machado’s initially proposed cutoff in February.)

As Cherington pointed out, Reynolds hasn’t seemed at all fazed by the absence of a Spring Training agreement. He’s off to a .340/.352/.720 start through 54 plate appearances. His five home runs are tied for third in the majors, one behind the six longballs of Pete Alonso and Ryan Mountcastle.