Melky Cabrera signed a two-year, $16 million contract with the Blue Jays, which seems pretty good given that he hasn’t played since getting slapped with a 50-game PED suspension and then got kicked to the curb by the Giants when he was eligible to return in the postseason.
Still, it’s a two-year deal at a fraction of what he figured to get previously. Even if he slumped some during the final month and a half and into the postseason, he was likely looking at something in the neighborhood of $50 million for four years as a free agent this winter. A strong finish could have netted him $70 million for five years.
So why lock into that extra year? Cabrera was no second-year guy needing financial security in the form of a long-term deal; he’s already earned about $11 million in his career. He could afford to gamble if he were confident in his ability to bounce back and put together a strong 2013 season. We may never know whether the Jays would have signed him to a one-year, $8 million deal if that’s what he preferred — they may have wanted that extra upside the second year provides — but it’s hard to imagine they or someone else wouldn’t have given him at least $6 million for 2013 alone.
It suggests to me that Cabrera doesn’t see himself coming back and having another season like his 2012. Because if he did, he would have taken the one-year deal and then chased the big payday.
Maybe I’m wrong. And I don’t want this to read as a condemnation of Cabrera. But it’s intriguing to me. I think of most athletes as supremely confident in their abilities on the field (or the court, track, rink, etc.). And while Melky took his game to a whole new level in 2012, he was also something much more than an $8 million player with the Royals in 2011. If he isn’t confident he can get back to that — if he doesn’t think of himself as being worth $15 million per year or what have you — then I’m not all that sure I’d want to sign him at any price.