The Cubs and Matt Garza have avoided arbitration by agreeing to a one-year, $9.5 million contract. Garza’s agency, CAA Baseball, broke the news via Twitter and added that the deal includes some performance-based incentives. The two sides were able to work out a deal prior to an arbitration hearing scheduled for today.
Garza requested $12.5 million and was offered $7.95 million from the Cubs when arbitration figures were exchanged earlier this month, so they settled for a little under the midpoint of $10.225 million. Presumably the incentives give him an opportunity to make up the difference.
Garza, who remains under team control through 2013, posted a 3.32 ERA and 197/63 K/BB ratio over 198 innings with Chicago last season. It looks like the rebuilding Cubs will hang on to the 28-year-old right-hander for now, but he figures to be a prominent name on the block as the trade deadline approaches in July.
Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.
The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:
That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.
Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.
Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.