Sources - O's, Samuel Basallo agree on 8-year, $67M extension - ESPN

Catcher Samuel Basallo and the Baltimore Orioles are finalizing on an eight-year, $67 million contract extension, sources told ESPN, locking up one of the top prospects in baseball less than a week after his major league debut.

Basallo, who turned 21 nine days ago, is the No. 4 overall prospect in baseball, according to ESPN's Kiley McDaniel. He jumped from Low-A to Double-A as an 18-year-old, reached Triple-A last year just after his 20th birthday and crushed Triple-A pitching this season, hitting .270/.377/.589 with 23 home runs in 76 games before his promotion.

A slugging left-handed hitter who was signed out of the Dominican Republic in 2021 for $1.3 million, Basallo is regarded by a number of evaluators as the best hitter in the minor leagues this season and has impressed in his short time in the big leagues. The deal, once completed, will begin next season and includes a club option as well. It can max out at $88.5 million and is the largest pre-arbitration extension for a catcher.

While Baltimore already has a starting catcher in two-time All-Star Adley Rutschman, Basallo could also see time at first base — where he has played more than 100 games over his five minor league seasons — and designated hitter.

Regardless of where he winds up on the diamond, Basallo's allure has more to do with where he slots in Baltimore's order. With elite bat speed and exit velocities among the best at any level, Basallo has the talent to become a consistent 30-homer threat, according to evaluators.

After years of an almost-nonexistent presence in Latin America, the Orioles devoted more resources to plumbing the depths of the talent-rich area and came away with Basallo as the jewel of their efforts. He looked like a solid contributor