Shortstop Carlos Correa reportedly turned down an offer to return to the Minnesota Twins before signing with the San Francisco Giants on Tuesday night.
According to Jon Heyman of the New York Post, Correa declined to sign a 10-year, $285 million deal with the Twins. Instead, he agreed to a 13-year, $350 million pact with the Giants, per ESPN's Jeff Passan.
At $350 million, Correa's contract is the richest ever for a shortstop, surpassing the $341 million deal Francisco Lindor signed with the New York Mets in 2021.
Last year's free-agent market was unique since free agency was interrupted by a lockout, which forced some top free agents to take lesser deals than they typically would have.
Correa was among them, as he signed a three-year, $105.3 million deal with the Twins after spending the first seven seasons of his career with the Houston Astros.
The contract included an opt-out clause after the first year, and rather than taking a $35 million salary for 2023 in Minnesota, Correa decided to test the market.
That decision paid off, as the 28-year-old star secured the long-term deal he was unable to get last offseason.
While his annual salary of nearly $27 million is less than what he was making in Minnesota, Correa now has long-term security and likely won't have to test the free-agent market again during his career.
The Twins' final offer, as reported by Heyman, would have paid Correa more per year than the Giants' as well, but the extra three years the Giants were willing to add conceivably helped to seal the deal.
In Correa, the Giants are getting a hugely accomplished shortstop who was the No. 1 overall pick in the 2012 MLB draft and went on to earn two All-Star nods, one Gold Glove Award and one World Series championship in his seven seasons with the Astros.
Correa remained productive in his only season with the Twins, hitting .291 with 22 home runs, 64 RBI and 70 runs scored, but Minnesota missed the playoffs with a 78-84 record.
The Twins have not been overly active in free agency with catcher Christian Vázquez being their only notable signing thus far. The only splashy signing still potentially available to them is likely that of shortstop Dansby Swanson.
Like Correa, Swanson was a No. 1 overall draft pick, and he went on to have a great run with the Atlanta Braves, securing one All-Star selection, one Gold Glove Award and one World Series win in seven seasons.
Swanson is coming off a career-best offensive season that saw him hit .277 with 25 homers, 96 RBI, 99 runs scored and 18 stolen bases, and he is the last of the big-name shortstops remaining in free agency.
Heyman noted that the Twins will "consider" signing Swanson, although they likely won't be the only team vying for his services.
Minnesota could potentially salvage its offseason by signing Swanson, but if he goes elsewhere, it will essentially be impossible to replace what Correa brought to the table.