Tyler O’Neill’s status as the first player signed to a multi-year contract since Mike Elias’ hiring as executive vice president/general manager in November 2018 comes with a caveat attached to it.
O’Neill can opt out of his three-year, $49.5 million deal after the 2025 season. He can dive back into free agency and search for a more lucrative offer or fulfill the entirety of his agreement.
The Orioles can get a year from O’Neill as the replacement for free agent Anthony Santander, with power, on-base ability and upgraded defensive at multiple outfield positions with his two Gold Gloves in St. Louis, and pivot again in the offseason – whether staying in-house or working the free agent and trade markets. They can plan on having him for three seasons to go with Colton Cowser and eventually 2023 first-round pick Enrique Bradfield Jr.
If O’Neill decides to opt out, the Orioles are allowed to make him a qualifying offer and, if declined, receive a compensatory draft pick. They could get something back beyond his production for one season.
Corbin Burnes and Anthony Santander were among the dozen players to decline the $21.05 million. Burnes signed with the Diamondbacks for six years and $210 million, giving the Orioles the 30th-overall selection in the draft. They already owned the 19th and will net another if Santander signs for north of $50 million.