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Most Underpaid MLB Contracts

The MLB bargains — strong Contract Value Index grades on below-market salaries.

MLB/Contract Value/Most Underpaid

In a sport without a salary cap, the bargain still matters — because every dollar saved on one deal is a dollar that funds the next. This page surfaces MLB’s best of them: the strongest Contract Value Index (CVI) grades on the board sitting on below-median salaries.

Pre-arbitration and arbitration-era players headline the list, the cost-controlled core every contender is built on. But a smart extension or a value free-agent signing can grade just as high, because the equation is identical: elite return for a fraction of the market rate.

For a front office, these are the names that make a payroll work — production that pays for itself many times over.

The 20 MLB bargains below cost just $41.4M per year combined, led by value at RHP — a fraction of what their grades would command on the open market.

Salary figures are average annual value. Cuts and releases are excluded — the Contract Value Index is not a valid signal on a non-contract move. Grades reflect value to the team, not raw talent.

Most Underpaid by Contract Value Index

Below-median MLB salaries earning the strongest Contract Value Index (CVI) grades. Ranked by grade quality, then by how little the team is paying.

#PlayerMoveAvg / YrCVI
1
Kerry CarpenterOF · Tigers
Signing · 1 yr$3.3M
A+
A+
2
Danny CoulombeLHP · Red Sox
Signing · 1 yr$1.0M
A
A
3
Andrew McCutchenOF · Rangers
Signing · 1 yr$1.3M
A
A
4
Rhys Hoskins1B · Guardians
Signing · 1 yr$1.5M
A
A
5
Matt BrashRHP · Mariners
Signing · 1 yr$1.6M
A
A
6
Garrett CleavingerLHP · Rays
Signing · 1 yr$2.4M
A
A
7
Kevin GinkelRHP · Diamondbacks
Signing · 1 yr$2.7M
A
A
8
Anthony BenderRHP · Marlins
Signing · 1 yr$2.8M
A
A
9
Max ScherzerRHP · Blue Jays
Signing · 1 yr$3.0M
A
A
10
Tanner BanksLHP · Phillies
Signing · 1 yr$1.2M
A-
A-
11
Paul SewaldRHP · Diamondbacks
Signing · 1 yr$1.5M
A-
A-
12
Jose UrquidyRHP · Pirates
Signing · 1 yr$1.5M
A-
A-
13
Gary SanchezC · Brewers
Signing · 1 yr$1.8M
A-
A-
14
Starling MarteOF · Royals
Signing · 1 yr$1.0M
B+
B+
15
Brent SuterLHP · Angels
Signing · 1 yr$1.3M
B+
B+
16
Michael ConfortoOF · Cubs
Signing · 1 yr$2.0M
B+
B+
17
Jake BurgerINF · Rangers
Signing · 1 yr$3.2M
B+
B+
18
Shane BazRHP · Orioles
Signing · 1 yr$3.5M
B+
B+
19
Ryne Stanek3B · Cardinals
Signing · 1 yr$3.5M
B+
B+
20
Joey LucchesiLHP · Giants
Signing · 1 yr$1.5M
B
B
See the most overpaid deals instead →|Full best & worst value board →

What "underpaid" means here

A contract lands here when a team is getting one of the strongest Contract Value Index (CVI) grades on the board while paying below-median money — the bargains a smart front office locked in. These are the closest thing to a free win on the salary ledger. Read the full methodology.