Showing posts with label Contracts. Show all posts
Showing posts with label Contracts. Show all posts

Thursday, February 12, 2009

Hank The Tank Not Voiding A-Rod

As expected when asked if the Yankees are going to void A-Rod's contract he simply said "No,'s simply...that's it basically". He also giggled, when the idea of trading A-Rod came up. Source

Wednesday, September 3, 2008

Little Steins Want Ca$h Back

Both Steinbrenner bros, Hank the Tank and Hal, both agree that they want Brian Ca$hmen back as the Yankees GM. They all met in Tampa yesterday where no contract was offered but the Steinbrenners expressed their feelings that they want to bring the Ca$h back. Ca$h had this to say:
"We have gone through the frustration and disappointment," Cashman said. "Now the focus is on the small things. Try and pick up a game a week and get to Fenway Park and make that series meaningful."Is it too much, a game a week?" Cashman said. "It's not out of the realm of possibility. You can't do it in three or four days. Make up a game a week and get to Fenway Park with a chance. If (Boston) wants to make it easier, I'll take that."

Friday, February 15, 2008

Yankees Beat the Piss out of Wang (In Arbitration)

The Yankees defeated Chien-Ming the Merciless in arbitration today. Thank God! We really needed that $600k badly. Now the Steinbrenners can eat. Yankee Fans rejoice.

I will be going on vacation this week, so posts will be sparse until next Saturday. Bye everyone.

Friday, February 1, 2008

Santana Deal Done

UPDATE: Santana Passed Physical

Johan Santana is now officially a Met. The extension is for six years and $137.5 million. He was given a $7 million bonus to his $13.25 million deal for this year. So in total it is seven years and $150.75 million, or an annual payment of $21.5 million. I've said it before and I'll say it again, that is a hell of a lot of money for a pitcher. Yeah, they're important, but they play once every five days. Santana will be thirty-six at the end of the deal, and those last few years could make the Mets regret this trade. Especially considering the players it would take to get him, I'm glad the Yankees didn't make this deal. It simply wasn't worth it to them. As Pete Abraham pointed out, with the luxury tax, they would be paying him $28 million per year. It makes a lot more sense for the Mets and I think this is a good deal for them. So congratulations Mets, your are now the fourth best team in baseball.

Tuesday, January 29, 2008

It's Finally Over

Update 9:45: The 72-hour negotiating window has now begun

Johan Santana has finally been traded- to the Mets. Not the best outcome, but I guess its better than Boston and at least he's out of the AL. The deal is for Carlos Gomez, Kevin Mulvey, Phil Humber and Deolis Guerra. This package tells me that Bill Smith is not ready to be the Twins' GM. If he had acted at the winter meetings, he could have gotten a better deal. In my opinion, both the Yankees' and Red Sox' offers from December were better than this one, but Smith waited, and the Yanks and Sox took back their offers, and this was the best one left. The Mets definitely won this deal. Altough all those prospects are solid, none are going to be superstars. Gomez is a leadoff hitter, Humber hasn't lived up to expectations, and I don't know much about Mulvey and Guerra, but I have heard good, not great, things about them. The Twins should not have done this deal without Fernando Martinez, but they panicked and did it, instead of holding Santana until the all-star break.

The Mets still have to sign Johan to an extension, and they say they won't go higher than 5 years, but they will go up to $25 million, which is a hell of a lot for a guy who plays one out of five days.

Friday, January 25, 2008

Yankees Finalize Cano Deal

The terms are four-years, $28 million, but what really makes it a good deal for the Yankees are the options. There is a $13 million option for 2012 and a $15 million option for 2013. If both options are picked up, the Yankees buy out all of Cano's remaining arbitration years plus three years of free agency.

Thursday, January 24, 2008

Three Bits of News

I don't have a lot of time, so I'll mention these briefly:

I'll try to get a longer post in later if I have the time.

Wednesday, January 23, 2008

The Case For a Cano Extension


We are at the point in the offseason where teams are coming to terms with arbitration-eligible players on new contracts, some of which are multi-year deals. Troy Tulowitzki and James Shields have been mentioned already on this site. I have stated that I think this is a good idea, and I believe the Yankees should give Robinson Cano a similar deal, but I have never explained why. Here's why:
First will start with the pros and cons of an extension (for any player, not just Robbie). Players with three, four or five years of service time are eligible for arbitration (so are super two's but I'm keeping this simple; a decent explanation for arbitration rules can be found here). The process begins with the team and player submitting their contract proposal. If they cannot come to an agreement, it goes to arbitration, where an arbiter chooses the offer he sees most fair. Robbie and his agent submitted an offer of $4.55 million, and the Yankees submitted a $3.2 million offer. Cano made $490,800 last year. (Source)
The positives of signing Cano to an extension are: 1. We buy out his remaining arbitration years, and maybe some free agency years (depending on the length of the deal) 2. In a few years, if an extension were not signed, Cano most likely will be making more than he would be under the extension 3. I know, this is similar to number one, but arbitration is a very unpleasant process, so avoiding it is good.
Some negatives: 1. If Cano doesn't pan out as planned, the contract becomes a burden 2. A bigger contract makes him harder to trade (not sure if that's bad) 3. Although saving money in the long term, the Yankees spend more than necessary in the short term.
So this is a risk-reward situation. The question is: Do we have reason to believe Robinson Cano will be an above average second basemen for years to come? If the answer is yes, an extension make sense.
The answer: In my opinion, it's obviously yes.
Similar Batters:
1. Joe Mauer
2. Hanley Ramirez
Similar Batters Through Age 24:
1. Joe Mauer
2. Tony Lazerri
5. Yogi Berra
6. Bill Dickey
8. Nomar
9.Rod Carew
10. Mickey Cochrane
Most Similar by Age:
22.Joe Mauer
23.Joe Mauer
24.Joe Mauer
Pretty impressive comp's. Not sure why there are so many catchers. Anyway, it looks like a safe bet that Cano continues to improve. He was worth 9.2 wins above replacement level last year, according to BP's WARP1. (That's good.)
So what would be a good offer for Cano? Chase Utley recently signed an extension in a similar situation for 7 years and $85 million. Cano's numbers are worse than Utley's so an ideal contract for Cano would be something like 6yrs/60 mil or 7/70.

Pirates Attempt to Get Even Worse

Are you a 32 year-old major league pitcher? Have you never thrown over 200 innings in a season? Is your career ERA 5.09 (90 ERA+)? Well, the Pittsburgh Pirates have a job for you. Jaret Wright, I know you all remember him, has signed a minor-league deal with the Pirates and will make $800k if he makes the major league roster.

In other news: The (Devil) Rays locked up James Shields with a very creative contract. Take note Yankees. Also, the Mets are now the frontrunners for Johan Santana, pretty much because they're still interested.

Cano Interested In Long Term Deal

From Newsday's Kat O'Brien:

Robinson Cano would be open to the idea of signing a long-term contract with the Yankees, his agent, Bobby Barad, said yesterday.

Barad made clear that the Yankees have not broached that topic with him and Cano, and that he has not brought up the possibility. However, should the Yankees seek to lock up their All-Star second baseman well before free agency - as the Mets did with third baseman David Wright and shortstop Jose Reyes - Cano could have interest.

"He wouldn't be adverse to that in theory," Barad said.

Could it get done? That's more complicated. Said Barad: "It depends on, there's so many factors that would determine that." Several of the game's best young players have inked multiyear deals with their clubs early in their careers, including the Indians' Grady Sizemore (six years, $23.45 million) and the Phillies' Chase Utley (seven years, $85 million).

Monday, January 21, 2008

Posada's Future

Most of you already know that Jorge Posada recently signed a four-year, $52.4 million deal with the Yankees. Many people think that by the end of this contract, Jorge will likely be a DH or a first basemen. Although this is probably true, the transition may be a little further down the road than expected. I hadn't thought of this until reading this Yankees' Mailbag. Jorge has not been a catcher his whole life. He was drafted as a second basemen, which I knew but hadn't thought of, and was moved to catcher in 1992. This means he has been catching sixteen years, which is a long time, but not as long as most catchers his age. This may explain why he was able to have such a good year at age 36. He does not have as much wear and tear on his body as most catchers his age do, simply because they have probably been catching since they were about eighteen years old, if not earlier. Jorge has been catching since he was twenty-two, when his body had pretty much already matured. For this reason, he may be able to put off a move to DH or first base for a little while longer than we expected.

Sunday, January 20, 2008

Rockies Lock Up Tulo

The Colorado Rockies are approaching a record-breaking contract with their shortstop, Troy Tulowitzki. The deal is for six years and $30 million, which would take Tulo through 2013, with an option for 2014. This is a great move for the Rockies, and the Yankees should take note. Assuming they pick up the option, have bought out three of Tulo's arbitration years and three of his free agency years. This is something the Yankees should be doing with their young players. They should seriously consider locking up Robinson Cano long-term, and should also give some thought about extending CMW, and in a few years Joba and Phil Hughes.

Saturday, January 19, 2008

Santana Not Worth The Price

I am writing this from deep in the heart of Red Sox Nation, where I am visiting family. As you might expect, everyone here is a hick, and this is being written on the only computer in a five-mile radius. All I have been hearing is, "Don't worry, maybe the Bruins won't win the Stanley Cup," as well as the proclamation of Jacoby Ellsbury as the second coming of Jesus and how laptop-boy is better than Hughes.

Anyway, I found this article by Vince Gennaro, a baseball economist. He analyzes the possible Johan Santana trades and it is very interesting, you should definitely check it out. With regards to the possible Santana to Yankees deal, he says it does not make financial sense for the Yanks. He describes the prospects necessary to complete the deal as a tariff, because Santana would require a large sum of money to be signed long-term. I agree with this 100%. He doesn't say it specifically, but implies that it would make sense to sign him as a free agent after this year.

He later adds that it makes even less sense for the Red Sox, but a case could be made for a Mets trade.

Friday, January 18, 2008

More Arbitration Figures has this handy little table:
Club No.
Player No.
Atkins, GarrettCOL 4,125,000 4,650,000
Bard, JoshSD 1,850,000 2,500,000
Bedard, ErikBAL 6,000,000 8,000,000
Beimel, JoeLA 1,700,000 2,150,000
Belisle, MattCIN 1,000,000 1,650,000
Betancourt, RafaelCLE 1,750,000 2,500,000
Blake, CaseyCLE 5,400,000 6,900,000
Borkowski, DaveHOU 750,000 1,100,000
Bruney, BrianNYY 640,000 845,000
Bruntlett, EricPHI 550,000 800,000
Bush, DavidMIL 2,250,000 3,000,000
Cabrera, DanielBAL 2,600,000 3,300,000
Cano, RobinsonNYY 3,200,000 4,550,000
Chavez, EndyNY 1,725,000 2,075,000
Chulk, VinnieSF 725,000 975,000
Church, RyanNY 1,750,000 2,450,000
Correia, KevinSF 850,000 1,300,000
Cuddyer, MichaelMIN 4,700,000 6,200,000
Feliciano, PedroNY 880,000 1,200,000
Fuentes, BrianCOL 5,050,000 6,500,000
Gaudin, ChadOAK 1,500,000 2,050,000
Geary, GeoffHOU 950,000 1,250,000
German, EstebanKC 837,500 1,200,000
Greene, KhalilSD 4,000,000 4,900,000
Greinke, ZackKC 1,150,000 1,800,000
Guerrier, MatthewMIN 750,000 1,150,000
Hardy, J.J.MIL 2,400,000 3,050,000
Hawpe, BradleyCOL 3,575,000 4,350,000
Howard, RyanPHI 7,000,000 10,000,000
Lopez, FelipeWSH 4,900,000 5,200,000
Loretta, MarkHOU 2,750,000 4,900,000
Molina, YadierSTL 1,850,000 2,750,000
Perez, OliverNY 4,725,000 6,500,000
Phillips, BrandonCIN 2,700,000 4,200,000
Proctor, ScottLA 930,000 1,300,000
Rauch, JonWSH 1,100,000 1,400,000
Rios, AlexisTOR 4,535,000 5,650,000
Rodriguez, FranciscoLAA 10,000,000 12,500,000
Sanchez, FreddyPIT 4,100,000 4,900,000
Snyder, KyleBOS 725,000 1,025,000
Soriano, RafaelATL 2,400,000 3,400,000
Sosa, JorgeNY 1,700,000 2,750,000
Teahen, MarkKC 1,900,000 2,900,000
Valverde, JoseHOU 4,700,000 6,200,000
Wang, Chien-MingNYY 4,000,000 4,600,000
Wellemeyer, ToddSTL 875,000 1,325,000
Wuertz, MichaelCHI 750,000 975,000
Youkilis, KevinBOS 2,525,000 3,700,000

Yankees Arbitration Numbers

Pete Abe has the figures:

Brian Bruney submitted $845,000, the Yankees submittted $640,000.

Robinson Cano submitted $4.55 million, the Yankees submitted $3.2 million.

Chien-Ming Wang submitted $4.6 million, the Yankees submitted $4 million.

The Yankees' offer to Cano seems a little a low, but that's the only one that seems like it could go to a hearing, which I guess is a good thing. The fact that Wang and Cano will make less than $5 million next year is amazing to me. If they were free agents, they would both get over $10 mil easily. Hopefully Hank the Tank realizes that and realizes the advantages of young players.

Notable Non-Yankee Arbitration Results

A few big-name players got contract extensions today:
That is all.

Wednesday, January 9, 2008

Hank says: Would Not Excede 5 Years on Johan

Hank "The Tank" Steinbrenner told Kat O'Brien that he would not exceed five years on a deal if they did manage to land Johan. Remember, if Johan does not like the contract he might not wave his no trade clause.