Trader in the 30-year bond options pit signals an order in front of a trading board at the Chicago Board of Trade

Options deadline passes as teams look ahead to 2011

2 Comments

It’s now past midnight in the east and the deadline for teams to either exercise or decline options on players has passed.  There weren’t a ton of surprises — if any — but it’s worth reviewing some of the bigger names that were involved in the early offseason decisions.

The Cardinals got an easy call out of the way immediately after their regular season ended, exercising a bargain $16.5 million on Albert Pujols for 2011.  Baseball’s best hitter doesn’t have a contract lined up for 2012 and the Cards are expected to be busy on that front this winter.  El Hombre told reporters in the Dominican Republic Thursday that he’s hoping for an extension by the start of next season.

Mark Ellis will be back in Oakland for another year.  The A’s picked up his $6 million option and will start him at second base again in 2011.  He was superb defensively this year with decent production at the plate.

The Red Sox convinced designated hitter David Ortiz that he was lucky to have a $12.5 million option given his age, lack of defensive versatility and soon-to-be diminishing performance at the plate.  He was hoping for a two-year extension, or perhaps something more, but the Sox exercised the option and will play it year-to-year with the 34-year-old slugger.

Vladimir Guerrero had a highly productive year for the American League champion Rangers, registering an .841 OPS, 29 homers and 115 RBI, but he wasn’t deemed worthy of a $9 million salary.  He is no longer capable of playing the outfield and fell off a bit in the second half.  His option was declined for 2011 and he will enter the offseason as a free agent.  The Rangers are probably going to try to bring him back for less.

Jose Reyes didn’t have the most productive 2010 campaign, but his $11 million option was picked up in an easy move for new Mets GM Sandy Alderson.  Reyes, 27, had a .773 OPS in the half last season and is capable of riding that momentum into an even more productive 2011.

Adrian Beltre, 31, had control of his own destiny this fall and has decided to test the free-agent waters after posting a stellar .321 batting average, .919 OPS and 28 home runs over 589 at-bats in 2010.  He could have exercised his $11 million player option and stayed in Boston, but he’s hoping for a multi-year deal and is certain to find it.

Cubs third baseman Aramis Ramirez also had a player option, but he didn’t have the kind of season that Beltre had and wisely opted for a $14.6 million salary in 2011.  He’s inury prone, finished with an on-base percentage under .300 this year, and wouldn’t have touched that kind of cash as a free agent.

Bronson Arroyo was the ace of the Reds’ tremendous pitching staff this year with a 17-10 record, 3.88 ERA and 1.15 WHIP over 33 starts.  He is seeking a long-term deal and the Redlegs are going to consider it.  But it only made sense for the club to pick up his $11 million option first.  And they did.

The market this winter looks to be thin — really thin — and most players seeking contracts should find them.  Cliff Lee will be the offseason’s biggest winner and Carl Crawford and Jayson Werth should be close seconds.  We here at Hardball Talk will be tracking it all.

Jake Peavy is having a bad go of things right now

SAN FRANCISCO, CA - MAY 25: Jake Peavy #22 of the San Francisco Giants pitches against the San Diego Padres during the first inning at AT&T Park on May 25, 2016 in San Francisco, California.  (Photo by Jason O. Watson/Getty Images)
Getty Images
1 Comment

Veteran hurler Jake Peavy has not signed with a team. It’s not because he’s not still capable of being a useful pitcher — he’s well-regarded and someone would likely take a late-career chance on him — and it’s not because he no longer wishes to play. Rather, it’s because a bunch of bad things have happened in his personal life lately.

As Jerry Crasnick of ESPN reports, last year Peavy lost millions in an investment scam and spent much of the 2016 season distracted, dealing with investigations and depositions and all of the awfulness that accompanied it. Then, when the season ended, Peavy went home and was greeted with divorce papers. He has spent the offseason trying to find a new normal for himself and for his four sons.

Pitching is taking a backseat now, but Peavy plans to pitch again. Here’s hoping that things get sorted to the point where he can carry through with those plans.

The AT&T Park mortgage is paid off

att park getty
Getty Images
6 Comments

This is fun: The San Francisco Giants recently made their last payment on the $170 million, 20-year loan they obtained to finance the construction of AT&T Park. The joint is now officially paid for.

The Giants, unlike most other teams which moved into new stadiums in the past 25 years or so, did not rely on direct public financing. They tried to get it for years, of course, but when the voters, the city of San Francisco and the State of California said no, they decided to pay for it themselves. They ended up with one of baseball’s best-loved and most beautiful parks and, contrary to what the owners who desperately seek public funds will have you believe, they were not harmed competitively speaking. Indeed, rumor has it that they have won three World Series, four pennants and have made the playoffs seven times since moving into the place in 2000. They sell out routinely now too and the Giants are one of the richest teams in the sport.

Now, to be clear, the Giants are not — contrary to what some people will tell you — some Randian example of self-reliance. They did not receive direct public money to build the park, but they did get a lot of breaks. The park sits on city-owned property in what has become some of the most valuable real estate in the country. If the city had held on to that land and realized its appreciation, they could flip it to developers for far more than the revenue generated by baseball. Or, heaven forfend, use it for some other public good. The Giants likewise received some heavy tax abatements, got some extraordinarily beneficial infrastructure upgrades and require some heavy city services to operate their business. All sports stadiums, even the ones privately constructed, represent tradeoffs for the public.

Still, AT&T Park represents a better model than most sports facilities do. I mean, ask how St. Louis feels about still paying for the place the Rams used to call home before taking off for California. Ask how taxpayers in Atlanta and Arlington, Texas feel about paying for their second stadium in roughly the same time the Giants have paid off their first.