How much money did Jered Weaver lose by signing an extension with the Angels?

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Zack Greinke’s new six-year, $147 million contract with the Dodgers got me wondering just how much money Jered Weaver gave up by signing an extension with the Angels rather than hitting the open market alongside Greinke this offseason.

Weaver agreed to a five-year, $85 million contract in August of 2011, which bought out his final season of arbitration eligibility and first four seasons of free agency.

At the time everyone–even Weaver, seemingly–agreed that he had left a considerable amount of money on the table, but his basic point was that staying with the Angels was very important to him and … well, $85 million is still a whole lot of money. Now that Greinke has signed we can get a clearer picture of just how much money Weaver left on that table.

Greinke is 29 years old with a 3.77 ERA in 1,492 career innings, including a 3.83 ERA in 604 innings during the past three seasons. Weaver is 30 years old with a 3.24 ERA in 1,320 career innings, including a 2.73 ERA in 649 innings during the past three seasons.

It seems hard to argue that Weaver isn’t as good as Greinke and there’s certainly an argument to be made that he’s better. And yet Greinke will be getting $147 million over the next six seasons while Weaver will be paid $70 million over the next four seasons. If healthy Weaver will close some of that gap with his next contract that covers Season 6 and Season 7, but it sure looks like he cost himself at least $40-$50 million by not testing free agency.

Report: Dodgers to sign Joe Kelly to three-year deal

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Ken Rosenthal of The Athletic reports that the Dodgers are close to signing reliever Joe Kelly. Jeff Passan of Yahoo Sports reports that the deal is for three years and around $25 million.

Kelly, 30, posted a 4.39 ERA with a 68/32 K/BB ratio in 65 2/3 innings out of the Red Sox bullpen during the regular season in 2018. He turned it up a notch in the postseason, limiting the opposition to two runs (one earned) in 11 1/3 innings with a 13/0 K/BB ratio.

With the Red Sox, Kelly mostly pitched seventh and eighth innings ahead of closer Craig Kimbrel. He will likely do the same ahead of closer Kenley Jansen, sharing the workload with Pedro Báez.