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
The Padres announced on Wednesday that the club signed pitcher Clayton Richard to a contract extension through the 2019 season. It’s a two-year, $6 million deal, per MLB.com’s AJ Cassavell.
Executive VP and GM A.J. Preller said, “Clayton has been a steadying presence in our rotation, both on and off the field. He has provided veteran leadership for our young ball club, and his tireless work ethic sets the standard among his peers. We’re extremely excited to have him in a Padres uniform for two more years.”
Richard, 34, is tied for the league lead in losses at 14. Along with that, he has a 4.82 ERA with a 136/55 K/BB ratio in 185 innings. The lefty earned $1.75 million in 2017 and was eligible to become a free agent after the season.
Former major league outfielder Raul Mondesi has been sentenced to eight years in prison and fined 60 million pesos for corruption as mayor of San Cristobal in the Dominican Republic, Hector Gomez reports. Mondesi served a six-year term as mayor from 2010-16. He initially ran on the ballot of the Dominican Liberation Party, but switched to the Dominican Revolutionary Party over a year later.
Mondesi, 46, played parts of 13 seasons in the majors for the Dodgers, Blue Jays, Yankees, Diamondbacks, Pirates, Angels, and Braves. He won the NL Rookie of the Year Award in 1994 with the Dodgers, made one All-Star team, and won two Gold Glove Awards. He is the father of the Royals infielder of the same name.