Jim Thome turned down more money from the Rangers to re-sign with the Twins for just $3 million in upfront cash, but Joe Christensen of the Minneapolis Star Tribune has the details on the contract’s incentives:
* $200,000 for 200 plate appearances
* $300,000 for 300 plate appearances
* $300,000 for 350 plate appearances
* $300,000 for 400 plate appearances
Add it all up and Thome can earn $1.4 million in potential incentives, which would push the total value of the contract to $4.4 million. However, he received just 340 plate appearances last season even after seeing his role expanded significantly by Justin Morneau’s season-ending concussion, so reaching 350 or 400 plate appearances this year to trigger the final $600,000 in bonuses isn’t likely.
Mark Simon of ESPN.com crunched the numbers on Thome’s domination of right-handed pitching and found that Thome has the third-highest OPS in baseball versus righties during the past five seasons, behind only Albert Pujols and Ryan Howard. And he was as great as ever against right-handers last year, clobbering them to the tune of .302/.455/.698 to rank second in the league behind MVP winner Josh Hamilton. Not a bad guy to keep for a maximum of $4.4 million.
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.
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.