The Giants and Buster Posey have yet to begin contract negotiations

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The central fact of economic life for the San Francisco Giants over the next few years will be how much Buster Posey is to be paid. For he is now, for the first time, arbitration eligible. And because he is one of the rare ones who will be arbitration eligible for four years. As of now, however, nothing is doing as far as negotiations between the team and the player:

 

Normally a team would want to buy out an MVP-caliber players’ arbitration years and maybe some years of free agency. The Giants, however, didn’t do this with Tim Lincecum. If his 2012 fall to Earth becomes the new normal they made a good, albeit risky call. Is it possible they’re willing to gamble a bit on Posey too, knowing that catchers aren’t often blessed with longevity?

Seems hard to picture given how clearly and firmly Posey is the face of the franchise now, having led them to two World Series wins, but it’ll be interesting to see how they proceed with him all the same.

The deadline is 8 PM ET Monday for Shohei Ohtani situation to be resolved

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Last Thursday, we learned that the MLBPA was challenging the Nippon Professional Baseball posting system, delaying Japanese superstar Shohei Ohtani’s move to Major League Baseball. The latest collective bargaining agreement removed a lot of the incentive for players to come to the U.S. by capping pay. Ohtani, for example, can only receive a signing bonus between $300,000 and $3.53 million while his team — the Nippon Ham Fighters — would receive $20 million for posting him.

Jon Morosi reports that the deadline for this issue to be resolved is 8 PM ET on Monday evening. He notes that key NPB officials have worked through the night in Japan to try to reach a resolution. It is possible that even if no agreement is reached, the deadline could be pushed further back.

Ohtani, 23, has become a heralded hitter and pitcher in Japan. At the plate over his five-year career, he has compiled a .286/.358/.500 triple-slash line with 48 home runs and 166 RBI in 1,170 plate appearances. On the mound, he has a 2.52 ERA with a 624/200 K/BB ratio across 543 innings.