Dustin Pedroia

Locking up Dustin Pedroia is more about sentiment than sense

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There’s something to be said for rewarding a star player who has been underpaid most of his career. Dustin Pedroia is one of the two faces of the Red Sox, he’s a legitimate All-Star candidate every year and it’s possible he’ll go into the Hall of Fame someday. If he were a free agent this winter, a long-term, $20 million-per-year extension would make plenty of sense for the Red Sox. He’s worthy of that kind of money.

But, of course, Pedroia isn’t a free agent this winter. The Red Sox have him signed at the bargain rate of $10 million next year, with an $11 million club option for 2015. Those salaries can increase a bit if Pedroia finishes in the top three in the AL MVP balloting this year, but he’s a steal either way.

So, why sign Pedroia now? The plus for the Red Sox would seem to be to beat the big Robinson Cano deal that’s coming this winter. Cano is likely to get one of the biggest free agent contracts ever; $150 million for six years would be the low end for him. Something like $190 million for seven years might be more realistic. Pedroia might not want to settle for $20 million per year once Cano is making $25 million-$27 million.

But that’s basically the only reason to do it now. Pedroia is nine months younger than Cano, but he won’t be a free agent until he’s 32. Of Pedroia’s 10 most similar players through age 28, according to Baseball Reference, only one remained a star after age 32. That’s Charlie Gehringer, one of two Hall of Famers in his top 10. The other HOFer, Tony Lazzeri, had his last year as a regular at 33. Jose Vidro, Pedroia’s most similar player, had a lousy year at 33 and then vanished. Ray Durham and Michael Young, Nos. 3 and 4 on the list, lasted as regulars, but not as very good ones.

Probably in part because of the takeout slides and all of the diving around, second basemen tend to have shelf lives. Pedroia has been durable, missing a big chunk of a season just once in his career to date, but he does get banged up. It’s probably going to get worse in his 30s, given how hard he plays the game. If his body starts breaking down, he’ll turn worthless in a hurry.

There’s also one more big reason for the Red Sox not to do a deal: any contract extension immediately gets factored in for luxury tax purposes. With an average annual value under $7 million, Pedroia’s modest deal has been a big help to a franchise that’s been trying to edge up against, but not exceed, the tax threshold. Any new contract will result in a big jump in that figure next year. If you remember, it was luxury tax purposes that caused the Red Sox to delay wrapping up Adrian Gonzalez’s big deal two years ago; they needed his cheap luxury-tax figure to carry over for one more year before they gave him his $22 million-per-year contract.

Pedroia is a wonderful player, and it’d be great to see him keep this up for another seven or eight years. Banking on it, though, would be a mistake. Ideally, the Red Sox could give Pedroia something like a two-year extension through 2017, with nice boosts to his 2014-15 salaries as part of the bargain. Since that probably isn’t happening, they should just let things play out for the next two years.

Shohei Otani may come to the United States after 2017

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Last week it was widely speculated that Shohei Otani, the highly-touted Japanese pitcher/designated hitter who stars for the Nippon Ham Fighters, would not come to the United States to play due to changes in the new Collective Bargaining Agreement. The upshot: the new CBA caps money available to international free agents under age 25 at $5-6 million and Otani, 22, would be worth way more than that, so why take the pay cut?

Now, however, Jeff Passan of Yahoo reports that the Fighters are set to post Shotei Otani following the 2017 season. Passan says that his sources have told him that there are potential ways around the limit on spending for under-25 players like Shohei Otani and he links a Japanese article from Sponichi which says the Fighters would post him after the 2017 season.

It’d be interesting to see what that loophole is. Without knowing the exact terms of the CBA on this score it’s impossible to know, but one possibility is that there are different rules applicable to those with professional experience in other countries as opposed to amateur free agents.

Whatever the case, the notion that we could see Otani in the U.S. at age 23 or 24 is pretty exciting.

Report: Phillies close to signing Joaquin Benoit

ANAHEIM, CA - SEPTEMBER 15:  Joaquin Benoit #53 of the Toronto Blue Jays pitches during the seventh inning of a game against the Los Angeles Angels of Anaheim  at Angel Stadium of Anaheim on September 15, 2016 in Anaheim, California.  (Photo by Sean M. Haffey/Getty Images)
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Jim Salisbury of CSN Philly reports that the Phillies are close to signing free agent reliever Joaquin Benoit. An announcement is expected before the winter meetings end on Thursday.

Benoit, 39, has quietly been among the better relievers in baseball over the past seven years. This past season with the Mariners and Blue Jays, the right-hander put up an aggregate 2.81 ERA with a 52/24 K/BB ratio in 48 innings. That included a 0.38 ERA in 23 2/3 innings after the Jays acquired him from the Mariners.

Benoit suffered a torn calf muscle during a benches-clearing brawl with the Yankees near the end of the regular season. He’s expected to be healthy for spring training.

The Phillies have now added three relievers this offseason with Benoit, Pat Neshek, and David Rollins.