Encarnacion is 34 and got a 3 year deal worth 60 million. He also is coming off a season with his lowest SLG, lowest AVG, and second lowest OBP since 2012. Bautista is 36 years old and coming off a season that was well below his previous production level. He may bounce back, but he's getting to the age where a player's skills can sharply decline and he still got 18.5 million dollars for next season, with a mutual option for next season and a vesting option for 2019. Trumbo is 31 and coming off his best season where he set career highs in slugging, HR, RBI, Runs, and hits. And even there, he wasn't really a great player due to his horrendous OBP. How much money would you bet that he'll replicate those numbers?
Yes there was a time these guys might have gotten even fatter, premium contracts, but I don't think the change in the market is collusion. Its organizations getting smarter and recognizing that guys who offer one skill have limited value and signing folks in the mid 30s to big multi-year contracts is a risk.