Everyone was reporting yesterday that the Reds got Chapman for $30 million yesterday, but it’s apparently a bit more nuanced than that. According to John Fay of the Cincinnati Enquirer, it’s a $25 million deal that locks him up for over five years with a player option for a sixth, which would bump the total to $30 million.
But here’s the kicker: the payments are spread out over ten years, with his salary for 2010 being a mere $1 million. Fay says that “the first year it will be a major burden on the big league budget is 2014.”
I suppose there are two ways to look at this. Given their presumed financial constraints, it’s probably a good thing that they’re delaying the pain of this contract, such as it is, until guys like Aaaron Harang and Bronson Arroyo are off the payroll. On the other hand, if Chapman does turn out to be a bust, it will be a total bummer when he exercises that option and the team still has to write checks to his ineffective butt circa 2014.
Oh, and while we’re on the subject of Chapman, how about these apples: according to Buster, the Athletics came in second to Cincy in the bidding. How about that? The lowly Reds and A’s, each willing to go north of $25 million on an amateur free agent with the Yankees and Red Sox nowhere in sight. And all this time I’ve been believing people who told me that that the big teams would crush the little teams if you got rid of the draft.