The Reds go too far with Joey Votto’s $225 million deal

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Ever since Joey Votto won the 2010 NL MVP award, it seemed like Reds fans were counting down the days to his departure. The Reds weren’t going to pony up the money Votto so clearly deserved, and Votto, for his part, seemed OK with the idea of spending the second half of his career in another city.

So much for that idea.

The Reds on Monday gave Votto the fourth biggest contract in big-league history and the biggest to go to a non-free agent. The reported 10-year, $225 million extension is actually going to be added to his previous deal, which pays him $9.5 million this year and $17 million in 2013. All told, the Reds have committed to him for $251.5 million through 2023, his age-39 season.

It’s an incredible commitment and a giant risk, given the number of years involved. Votto is one of the game’s best players now, but there’s no telling whether he will be five or eight years down the road. On the plus side, he is pretty athletic for a first baseman and he’s not someone who figures to have to finish his career as a DH. Yet there’s certainly little reason to think he’ll be anything close to a $20 million-$23 million player from age 34 on.

Given that they controlled him for two more years anyway, the Reds went too far overboard here. Matt Kemp, a similar talent with a less consistency in his track record, recently signed for $160 million over eight years and he was just one year away from free agency, not two. Ryan Braun’s odd five-year extension (for 2016-20) with the Brewers was worth $105 million, or $21 million per year. The Reds topped both those deals in years and salary in order to get Votto done.

Of course, this wasn’t just about on-field performance. This was about TV money and having a superstar in the fold as they seek to negotiate their next deal. Locked at in those terms, maybe it was worth it for the Reds to to be so bold. That’s really the only way a 12-year commitment makes sense.

RHP Fairbanks, Rays agree to 3-year, $12 million contract

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Dave Nelson/USA TODAY Sports
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ST. PETERSBURG, Fla. — Reliever Pete Fairbanks and the Tampa Bay Rays avoided arbitration when they agreed Friday to a three-year, $12 million contract that could be worth up to $24.6 million over four seasons.

The deal includes salaries of $3,666,666 this year and $3,666,667 in each of the next two seasons. The Rays have a $7 million option for 2026 with a $1 million buyout.

His 2024 and 2025 salaries could increase by $300,000 each based on games finished in the previous season: $150,000 each for 35 and 40.

Tampa Bay’s option price could increase by up to $6 million, including $4 million for appearances: $1 million each for 60 and 70 in 2025; $500,000 for 125 from 2023-25 and $1 million each for 135, 150 and 165 from 2023-25. The option price could increase by $2 million for games finished in 2025: $500,000 each for 25, 30, 35 and 40.

Fairbanks also has a $500,000 award bonus for winning the Hoffman/Rivera reliever of the year award and $200,000 for finishing second or third.

The 29-year-old right-hander is 11-10 with a 2.98 ERA and 15 saves in 111 appearances, with all but two of the outings coming out of the bullpen since being acquired by the Rays from the Texas Rangers in July 2019.

Fairbanks was 0-0 with a 1.13 ERA in 24 appearances last year after beginning the season on the 60-day injured list with a right lat strain.

Fairbanks made his 2022 debut on July 17 and tied for the team lead with eight saves despite being sidelined more than three months. In addition, he is 0-0 with a 3.60 ERA in 12 career postseason appearances, all with Tampa Bay.

He had asked for a raise from $714,400 to $1.9 million when proposed arbitration salaries were exchanged Jan. 13, and the Rays had offered for $1.5 million.

Fairbanks’ agreement was announced two days after left-hander Jeffrey Springs agreed to a $31 million, four-year contract with Tampa Bay that could be worth $65.75 million over five seasons.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, third baseman Yandy Diaz and outfielder Harold Ramirez.