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Blake Snell's Contract Extension With the Rays Proves That Owners Have Conquered MLB Economics

On Thursday afternoon, the Rays’ Blake Snell became the latest in a long line of players to sign a contract extension this spring, putting pen to paper on a five-year, $50 million agreement. Per MLB Trade Rumors’ tracker, he’s the 19th player to ink a new one since the end of last season, the 16th to do so after spring training camps opened, the seventh this week, and the first of two today; before this article was even finished, news broke that the Cardinals were finalizing a five-year extension with the recently acquired Paul Goldschmidt. Snell isn’t even the first Tampa player to do this; two days ago, rookie infielder Brandon Lowe agreed to a six-year, $24 million pact.