You might remember that Tigers right-hander and 2013 AL Cy Young Award winner Max Scherzer rejected a six-year, $144 million contract extension from the Tigers in the spring. It was a calculated risk for a pitcher who could hit it big on the free agent market this winter. However, he has a Plan B if something goes terribly awry in the coming months.
Tom Verducci of SI.com has the story:
Scherzer revealed to SI.com that he took out an insurance policy that covers lost potential earnings if he is injured prior to hitting the free agent market this winter.
“This takes the injury risk out of it,” said Scherzer, who did not specify if the policy covered all or most of the $144 million.
It’s not like Scherzer will be hard-up for cash if hurts his arm tomorrow and never plays again. Including this year’s $15.525 million salary, he has made almost $30 million during his career. Still, it’s a smart and logical move for him. This kind of thing is probably more common than we realize, though Scherzer’s situation obviously commands more attention since he could fetch a $200 million deal this winter if all goes according to plan for him and his agent Scott Boras.
SportsDash: Jeff Passan explains why Scherzer’s arm is so expensive
Jon Heyman of Today’s Knuckleball reports that the Orioles and Diamondbacks have agreed in principle to a trade involving outfielder Michael Bourn. The trade is in the process of being finalized. It is not yet known what the Diamondbacks are receiving in return.
Bourn will be the second outfielder the Orioles have acquired on Wednesday, as the club also claimed Drew Stubbs off waivers from the Rangers.
With rosters expanding on Thursday, the Orioles are making a concerted effort to bolster the team’s outfield depth. Both Stubbs and Bourn are eligible for the Orioles’ postseason roster if the club makes it.
Bourn, 33, hit .261/.307/.362 with 21 extra-base hits, 30 RBI, 43 runs scored, and 13 stolen bases in 358 plate appearances.
The Orioles have claimed outfielder Drew Stubbs off release waivers from the Rangers, Ken Rosenthal of FOX Sports reports. The club designated for assignment pitcher Kyle Lobstein, whom they acquired from the Pirates earlier on Wednesday, to make roster space for Stubbs, Dan Connolly of BaltimoreBaseball.com reports.
The Rangers designated Stubbs for assignment last week. After clearing waivers, Stubbs refused an assignment to Triple-A Round Rock, so the Rangers released him on Monday.
Stubbs, 31, has taken only 67 plate appearances this season — 42 with the Braves, 25 with the Rangers — as he missed a lot of time between mid-May and mid-August with a sprained left toe.
With rosters expanding, the veteran Stubbs will simply add to the Orioles’ outfield depth.