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Valuing Player Options: Part Two

As you might have heard, this offseason is going to be a historic one for top-of-the-market free agents. Manny Machado and Bryce Harper are hitting the free agency market at preposterously young ages, and both of them are likely to secure contracts larger than any previously offered in baseball. It won’t just be the money, though. Machado and Harper are both going to get opt-outs in their contracts.