Rangers sign Yu Darvish to six-year, $60 million deal, bringing total investment to $112 million

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With the 30-day negotiating window set to expire this afternoon Yu Darvish and the Rangers have agreed to a six-year contract that will bring the Japanese phenom to Texas, with Jeff Passan of Yahoo! Sports reporting that the deal is worth $60 million with an additional $10 million in potential incentives.

Last month the Rangers bid $51,703,411 for exclusive negotiating rights to Darvish, who at age 25 has won two Pacific League MVP awards and is 93-38 with a 1.99 ERA in seven seasons.

That posting fee goes to Darvish’s old team, the Nippon-Ham Fighters. Had the two sides not reached an agreement on a contract the Rangers would have been refunded the entire amount and Darvish would have remained in Japan for this season.

With a total investment of nearly $112 million the Rangers are paying about 10 percent more for Darvish than the Red Sox did for Daisuke Matsuzaka in 2006, when they spent $51,111,111 on the posting fee and signed him to a six-year, $52 million contract. Matsuzaka has been a disappointment in Boston with a 4.25 ERA in 105 starts while struggling with injuries and control, but Darvish is generally considered a better, higher-upside pitcher than Matsuzaka was in 2006.

Darvish essentially replaces C.J. Wilson in the Rangers’ rotation for about $34 million more, although with Neftali Feliz expected to become a starter after two years as Texas’ closer one of Alexi Ogando, Matt Harrison, or Derek Holland is bullpen bound. Ogando, who spent his rookie season as a full-time reliever before having success as a starter last year, has already said he’d be willing to move back to the bullpen to make room for Darvish.

Steven Matz likely to start season on DL; Zack Wheeler to adhere to innings limit

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Mets manager Terry Collins said on Wednesday, “It’s unlikely that [Steven Matz] will start the season with us.” The final spot in the Mets’ starting rotation will go to either Zack Wheeler or Seth Lugo, Newsday’s Marc Carig reports.

On Wheeler’s innings limit, assistant GM John Ricco said, “There’s going to be some number but we don’t exactly know what that is.” Wheeler missed the last two seasons after undergoing Tommy John surgery.

Neither Wheeler nor Lugo have had terrific springs as each carries a 5.11 and 5.56 Grapefruit League ERA, respectively. However, Carig notes that Wheeler has impressed simply by appearing healthy and brandishing a fastball that once again sits in the mid- to high-90’s. Lugo, meanwhile, proved crucial to the Mets last year, posting a 2.67 ERA across eight starts and nine relief appearances.

Rockies sign 30-year lease to stay in Coors Field

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Nick Groke of the Denver Post reports that the Rockies agreed to a $200 million, 30-year lease with the Metropolitan Baseball Stadium District, which is the state division that owns Coors Field. As part of the deal, the Rockies will lease and develop a plot of land south of the stadium, which will cost the team $125 million for 99 years.

As Groke points out, had the Rockies not reached a deal by Thursday, March 30, the lease would have rolled over for five more years.

Rockies owner Dick Monfort issued a statement, saying, “We are proud that Coors Field will continue to be a vital part of a vibrant city, drawing fans from near and far and making our Colorado residents proud.”

The Rockies moved into Coors Field in 1995. It is the National League’s third oldest stadium. In that span of time, the Rockies have made the playoffs three times, the last coming in 2009 when they lost in the NLDS to the Phillies. The Rockies were swept in the 2007 World Series by the Red Sox.