Rangers sign Martin Perez to contract through 2020

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Martin Perez’s rookie season impressed the Rangers enough that they’ve signed the 22-year-old left-hander to a long-term contract.

Jeff Wilson of the Fort Worth Star Telegram reports that it’s a four-year deal worth $12.5 million in guaranteed money that also includes team options for 2018, 2019, and 2020. Perez was already under team control through 2018 anyway, so this pre-pays for the rest of his minimum-salaried and arbitration-eligible seasons while also giving the Rangers the ability to delay his free agency by two additional years.

It’s a lengthy commitment to a 22-year-old pitcher with all of 162 innings in the majors and Perez’s strikeout rate has been underwhelming since reaching Triple-A, but he’s long been considered one of the best pitching prospects in baseball and posted a 3.62 ERA in 20 starts as a rookie.

Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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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.