Justin Verlander was eligible for free agency after the 2014 season, but the former MVP and the Tigers have agreed to a five-year contract extension that will keep him in Detroit through at least 2019.
Verlander was already under contract for $20 million this season and $20 million next season as part of a deal signed in December of 2010. This extension will begin in 2015 and includes a sixth-year option for 2020, which would be Verlander’s age-37 season.
According to Buster Olney of ESPN.com the total value of the deal if his existing 2013 and 2014 salaries are included is $180 million and the contract could be worth as much as $202 million if the 2020 option gets picked up. Which, if I’m doing the math correctly before official numbers are released, essentially means the five-year extension is worth $140 million or $28 million per season.
Huge, huge money, as $180 million tops Felix Hernandez’s short-lived record for pitchers of $175 million, although the stage is still set for Clayton Kershaw to become the first $200 million pitcher.
Verlander won the Cy Young and the MVP in 2011, finished runner-up for the Cy Young last season, and led the league in innings pitched in three of the past four years. During that four-year stretch of 2009-2012 he led all MLB pitchers in wins, starts, strikeouts, and Wins Above Replacement while ranking second in innings and fifth in both ERA and strikeout rate.
Massive long-term commitments to pitchers are awfully scary no matter the circumstances–with this week’s Johan Santana news providing the most recent cautionary tale–but no pitcher has been better or more durable than Verlander through age 29.
It isn’t difficult to see the fingerprints left by Cubs’ president Tom Ricketts and general manager Theo Epstein on the club’s remarkable 2016 season. In a piece for FOXSports.com, former Yankee Alex Rodriguez highlighted the duo’s effectiveness in liberating the Cubs from a five-year losing streak and six-year postseason drought, citing both the unrelenting work ethic and passion that Ricketts and Epstein brought to the club as major factors in their success.
Rodriguez’s first brush with sabermetric savant and all-around baseball wizard Theo Epstein came in 2003, when the then- 27-year-old All-Star was eyeing a deal with the Red Sox. The Major League Baseball Players Association eventually nixed the trade, and the Rangers’ young shortstop was sent to the Yankees shortly thereafter, but not before Rodriguez glimpsed the inner workings of Epstein’s mind.
What I remember best about that time was watching Theo furiously scribbling out the Red Sox lineup for the upcoming season on a room-service napkin. That’s when I saw Theo’s baseball mind at work. I saw he had a passion for the game, a depth of knowledge, and a thirst to be great. Theo’s passion was contagious. We were three 20-somethings convinced we were about to turn baseball upside down together. Though I never got a chance to work with Theo, I knew then that he was going to be a force.
A-Rod also referenced Ricketts’ thorough approach to rebuilding the organization. Ricketts, who purchased the franchise for $875 million in 2009, first made it his mission to transform Wrigley Field into a comfortable and enticing playing environment, then targeted top-tier management to run the show behind the scenes. With Ricketts fully backing Epstein’s transformative approaches — including an overhaul of the Cubs’ farm system, investments in international player development, and a comprehensive understanding and practical application of sabermetric advances — the Cubs’ path to a 97-win season in 2015 seemed a natural consequence of the pair’s hard work.
This year, the attention has been even more intensely focused on the Cubs’ elusive third World Series title. Rodriguez, however, believes that winning a championship is secondary to the strides Ricketts and Epstein have taken with the club.
Together, Ricketts and Epstein have built one of the greatest franchises in baseball and transformed 1060 W. Addison St. It’s a task that no one could quite get right for a hundred years. While four more wins would put a giant exclamation point on five years of focused work and determination, I won’t worry if this team doesn’t win the World Series in the next nine days.
Kristie Ackert of the New York Daily News reports that the Mets are expected to pick up the 2017 option for Reyes, but they haven’t done it yet. The option will be worth the major league minimum salary ($507,500), as the Rockies will continue to pay down the remainder of Reyes’ $41 million remaining on his contract.
The Mets signed Reyes after the Rockies released him in June. He had a .659 OPS in Colorado but improved to a .769 OPS in 279 plate appearances with the Mets, mostly playing third base in place of the injured David Wright. Bringing Reyes back next season will provide them more insurance at the hot corner.
Reyes, 33, served a 51-game suspension due to an offseason domestic violence incident while on vacation in Hawaii with his wife. As a result, he didn’t make his season debut until July 5, having spent some additional time in the minor leagues to get into game shape.