We talked about the stuff with Jon Singleton the other day. How he took what will probably end up being a well-below-market value from the Astros. At least well-below market if he becomes a solid everyday player. But hey, given the system, that’s what he felt he had to do in order to abrogate his risk.
But what if he had another option? Like the option D.R. at The Economist suggests: Singleton basically selling bonds to investors backed by future earnings?
The other possibility is a free-market solution from outside baseball: human-capital contracts, in which players would sell a share of their future earnings in exchange for cash up front. Just like the deal Mr Singleton accepted, such arrangements would guarantee athletes’ future financial security regardless of their on-field performance. But rather than having to negotiate with a single team, players could auction off the rights to a given percentage of their wages to the highest bidder, thus securing fair market value for the expected income. They would then be free either to take their chances with salary arbitration on a year-to-year basis, or to demand a far richer extension from their employer.
I’m not an expert in the Collective Bargaining Agreement or MLB rules along these lines, but at first blush I can’t see why this wouldn’t be allowed. It’d be like any other outside investment scenario that is none of baseball’s business, right? Or would someone consider it gambling or something?
I doubt baseball players break ground here — it’s somewhat radical for the sport and it’s the sort of thing that might get you labeled an oddball or egomaniac or something by teammates and the press, but I at least think it’d be legal. Someone let me know if I’m wrong, though.
Either way, it’s pretty cool.
Arguably the most memorable moment of the 2015 season came in the seventh inning of Game 5 of the ALDS between the Blue Jays and Rangers. The game was tied 3-3, but the Jays were threatening with runners on the corners and two outs. Jose Bautista launched a 1-1 Sam Dyson fastball for a no-doubt tie-breaking three-run home run that would send the Jays into the ALCS to face the eventual world champion Royals.
Bautista didn’t immediately run to first base after hitting the home run. He admired it, looked at Dyson, and then flipped his bat triumphantly. As far as bat flips go, it was a 10 out of 10. Yasiel Puig was proud.
The six-time All-Star admitted “I haven’t had to” pay for a meal in Toronto since that moment in the ALDS, as Jonah Birenbaum notes for The Score. Bautista also served as the assistant coach for musician Drake at the NBA All-Star Celebrity Game. As Drew noted earlier, Bautista had a pretty nice view at the NBA Slam Dunk Contest as well.
The Jays are hopeful to sign Bautista, 35, to a multi-year extension. In six seasons since breaking out with the club in 2010, he has hit .268/.390/.555 with 227 home runs and 582 RBI in 3,604 plate appearances. No one has hit more home runs since the start of the 2010 season, as Miguel Cabrera is the closest at 199. And only Cabrera, Adrian Gonzalez, Robinson Cano, and Albert Pujols have driven in more runs in that span of time. It’s easy to see why, despite his age, the Jays want to keep Bautista around a little while longer.
Dallas Keuchel‘s agent Darek Braunecker told MLB Network Radio in early January that he had not engaged in any long-term contract negotiations with the Astros’ front office. Two weeks later, the sides reached a one-year, $7.25 million agreement, avoiding a salary arbitration hearing. So was a bigger financial commitment ever discussed?
Evan Drellich of the Houston Chronicle has the answer, writing in his offseason review that the “Astros and Keuchel have had substantial talks about extensions [this winter] … but to no avail.”
Keuchel carries all the leverage in the world after winning the 2015 American League Cy Young Award with a 2.48 ERA, 1.017 WHIP, and 216/51 K/BB ratio in 232 innings. He also made three appearances in the postseason to a 2.57 ERA in 14 frames.
Keuchel’s $7.25 million salary for 2016 will be a record for a player in his first year of arbitration eligibility. Locking up some of his free agent years (2019, 2020, 2021, etc.) would likely take a commitment of $120 million or more.
Houston has the 28-year-old left-hander under contractual control through 2018, and it sounds like the plan is to go season-to-season with his salaries.
He’ll remain a huge value to a good-looking Astros team.
Yadier Molina underwent surgery to repair a ligament tear in his right thumb shortly after the Cardinals were eliminated from the NLDS by the Cubs, and then he needed a followup procedure two months later.
It’s been an offseason of rest and rehab for the seven-time All-Star and eight-time Gold Glover, though he’s about ready to ramp up the intensity of workouts with the beginning of spring training approaching …
Brayan Pena was signed to a two-year, $5 million free agent contract this winter to provide more reliable depth behind the plate. He’ll be the Cardinals’ starter at catcher come Opening Day if Yadi isn’t quite ready.
Molina started a whopping 131 games behind the plate in 2015.
You’ve heard the stories by now. Jose Fernandez does not get along with Marlins management and is doubtful to sign a long-term contract with the team.
There’s still time for those relationships to be repaired — Fernandez can’t become a free agent until after the 2018 season — but we also have a monetary issue at play.
Barry Jackson of the Miami Herald writes Sunday that the Marlins are “under the impression” Fernandez and his representatives want $30 million per year on a long-term deal, a figure the Marlins “have no plans to meet.”
If the Marlins won’t pay, Fernandez and his reps will seek that number when the ace right-hander reaches free agency. That could be the same offseason Bryce Harper tries for $500 million.
A friend of Fernandez told Jackson that the 23-year-old native of Cuba was upset about some of the trades the Marlins made last summer and the removal of pitching coach Chuck Hernandez. You probably heard talk of Miami shopping Fernandez this winter, but the asking price was predictably sky-high.
Fernandez has been limited to 19 starts over the last two years because of Tommy John surgery and a biceps injury, but he boasts a stellar 2.40 ERA, 1.01 WHIP, and 10.5 K/9 in 289 career major league frames. He will make $2.8 million in 2016 and carries two more years of arbitration eligibility.
If he can put together a run of 30-start, 200-inning seasons, Fernandez will get that $30 million per year and probably much more.