MLB Insider reports Toronto Blue Jays and Bo Bichette agree to 3-year contract, worth up to 40.65 million dollars

The Toronto Blue Jays and Bo Bichette have reportedly signed a three-year extension with 33.6 million dollars guaranteed. Thanks to incentives and potential escalators, the deal can be worth up to 40.65 million dollars. This is a deal largely done to avoid arbitration over the next three seasons. It also ties Bichette to the team at a fixed rate so the team has better clarity on their financial situation.

Bo Bichette has been one of the Blue Jays' top players and was dominant toward the end of the 2022 season. He has all the tools to be an All-Star player every season. At only 24 years old, he has a bright future ahead of him. This is a great deal for the Toronto Blue Jays, who continue to strive for a World Series championship.

Ken Rosenthal of The Athletic was the first to break the news via Twitter.

"Bo Bichette’s with the Blue Jays is $33.6m guaranteed for three years, source tells @TheAthletic. No options. Escalators and awards can bring three-year total to as much as $40.65M" - Ken Rosenthal

With Bichette, Vladimir Guerrero Jr., and Alek Manoah, the Blue Jays will be a force to be reckoned with in 2023.

Bo Bichette is one of the most important players on the Toronto Blue Jays

Boston Red Sox v Toronto Blue Jays

It is rare for an MLB team to have one All-Star level player under the age of 25, let alone two. Bichette and Vladimir Guerrero Jr. are two such players, and the team is wisely building around them.

This highlight package shows what Bichette brought to the Blue Jays in 2022, and what he will continue to bring over the next three years.

This deal is great for both sides as the focus can now turn to prepare for Opening Day 2023.