Jose Bautista and the Blue Jays made things official this afternoon, announcing his five-year contract extension worth $65 million.
The contract breaks down as follows:
2011 – $8 million
2012 – $14 million
2013 – $14 million
2014 – $14 million
2015 – $14 million
2016 – $14 million team option or $1 million buyout.
Bautista had asked for $10.5 million in his third and final season of arbitration eligibility while the Blue Jays countered at $7.6 million, so the extension basically pays him about $1 million below the midpoint for 2011 while buying out his first four seasons of free agency for $14 million per year.
Toronto also has a $14 million option or $1 million buyout for 2016, at which point Bautista will be 35 years old and the contract will either look like a bargain for a player who was able to sustain most of the production from his out-of-nowhere breakout or a huge overpay for a team that bet wrongly about his 2010 performance being for real.
I certainly wouldn’t bet on Bautista having another 50-homer, 1.000-OPS season in him, but the Blue Jays aren’t necessarily betting on that either. After all, that type of production would be worth significantly more than $64 million for five seasons, as Fan Graphs pegged Bautista as being worth around $28 million in 2010 alone.
Instead, the Blue Jays are betting on him retaining most of that power as well as most of his improved plate discipline. If he turns back into a pumpkin it’ll be a regrettable contract, but even if Bautista settles in as a 30-homer, .850-OPS hitter going forward he’d be worth pretty close to what Toronto has committed to pay him through 2015. And for his career he’s averaged 25 homers and a .794 OPS per 600 plate appearances.
Free agent right-hander Tim Lincecum isn’t ready to hang up his cleats just yet. At least, that’s the word from Lincecum’s agent, Rick Thurman, who says the 32-year-old is still “throwing and getting ready for the season” (via Andrew Baggarly of the San Jose Mercury News).
Lincecum may not be ready to enter retirement, but another quote from Thurman suggests that he’ll be picky about where he pitches next. He doesn’t appear open to pitching overseas, and despite not having a contract for 2017 (or even any serious suitors), the right-hander is set on pitching in the big leagues this year. Whether or not he’s willing to take a bullpen role to do so remains to be seen.
While Baggarly predicts some interest in the veteran righty, there’s not much in Lincecum’s recent history to inspire faith in him as a starter, or even a reliever. He picked up a one-year, $2.5 million contract with the Angels following his hip surgery in 2015, and went 2-6 in 2016 with a 9.16 ERA, 5.4 BB/9 and 7.5 SO/9 over 38 1/3 innings. At this point, a minor league contract seems like the surest path back to major league success, though he’s unlikely to find an open spot on the Giants’ or Angels’ rosters anytime soon.
Free agent right-hander Jeff Manship has reportedly signed with the NC Dinos of the Korea Baseball Organization, according to FanRag Sports’ Jon Heyman. The righty was non-tendered by the Indians in December.
Manship, 32, completed his second season with Cleveland in 2016. He delivered a 3.12 ERA, 4.6 BB/9 and 7.5 SO/9 rate over 43 1/3 innings, a slight decline after posting an 0.92 ERA with the club the year before. During eight years in the major leagues, Manship carries a 4.82 career ERA, 3.6 BB/9 and 6.4 SO/9 in multiple stints with the Twins, Rockies, Phillies and Indians.
The right-hander will be joined by fellow MLB transplants Eric Hacker and Xavier Scruggs, each of whom took one-year deals with the Dinos last month. Steve Adams of MLB Trade Rumors notes that each KBO team is allowed up to three foreign players, so Manship will round out the trio when he joins the roster. Any salary terms have yet to be disclosed.