Cubs GM Jim Hendry says Carlos Zambrano's contract wasn't a bad deal … and he's right

3 Comments

At this point anything having to do with Carlos Zambrano seems like a disaster, but general manager Jim Hendry said yesterday that the five-year, $91.5 million extension the Cubs gave the now-suspended right-hander in mid-2007 was a perfectly reasonable deal:

There was nothing wrong with the investment. This guy was an outstanding pitcher in the National League, in the game, for the four, five years before that. There was no question that the deal was a solid one in the industry. He certainly would have been one of the hotter tickets on the street if that thing went to the end of the season.

This guy pitched a lot of innings, won a lot of games. Really, over the body of work, pitched as well as anybody in the National League for a three, four year period. He certainly pitched well enough to earn that contract whether it’s here or somewhere else.

And you know what? He’s right.

At the time of the deal there were certainly some signs that Zambrano wouldn’t age particularly well, because his performance had already slipped a bit and he’d racked up a ton of mileage on his arm. However, he was a 26-year-old workhorse with an 82-55 record and 3.41 ERA in nearly 1,200 career innings, including five straight 200-inning seasons and top-five Cy Young finishes in three of the previous four years.

There’s some room for debate about whether the Cubs should have committed themselves to five more years of Zambrano, but there’s no question $91.5 million represented significantly less than he would have received on an open market that was much more flush with cash than the current version. That was $35 million less than Barry Zito got from the Giants just six months earlier, and that same offseason the Cubs gave $136 million to Alfonso Soriano.

Perhaps the Cubs should have seen this coming, whether from a performance or personality standpoint, but if anything investing $91.5 million over five seasons in a 26-year-old Zambrano was a bargain in the ’07 market.

Report: Padres have made offers to both Manny Machado and Bryce Harper

Manny Machado
Kevork Djansezian/Getty Images
13 Comments

Jon Heyman has been hot on the free agent trail today, reporting that the Padres have made offers both Manny Machado and Bryce Harper. The offer to Machado is believed to be for eight years and about $250 million, while the offer to Harper is believed to be for more than that.

Heyman was reporting on Harper earlier, tweeting that the Phillies are the favorite to sign him. He added this evening that Harper has multiple long-term offers at more than $30 million annually. Regarding Machado, Heyman noted that while Machado was believed to have had a preference for the East coast, he will go for the best deal now, which puts the Padres firmly in the picture.

The Padres reportedly met with Machado last week. A late entrant into the sweepstakes, the club has shown the willingness to spend, signing Eric Hosmer to an eight-year, $144 million contract last year. If he goes to San Diego, Machado would be the full-time third baseman with Luis Urias handling shortstop.

Nothing appears close, but we’ll take anything resembling a spark to light the hot stove.