Ken Rosenthal reports that the Dodgers are making progress with starter Clayton Kershaw on a seven-year contract extension worth in excess of $180 million. The 25-year-old left-hander enters his third and final year of arbitration going into 2014 after which he would be eligible for free agency. That the Dodgers would eventually sign Kershaw to an extension seemed inevitable; the only question was the exact amount of cash involved.
Kershaw’s contract will be based in no small part on those signed recently by Tigers ace Justin Verlander (seven years, $180 million) and Mariners ace Felix Hernandez (seven years, $175 million).
Assuming the first year of the contract would be near the average annual value ($25-26 million), the Dodgers would owe $20 million or more to five players going into the 2014 season: Kershaw, Adrian Gonzalez, Carl Crawford, Matt Kemp, and Zack Greinke. Their 2014 payroll already stands at $163 million without factoring in the arbitration eligibility of Kershaw and potentially four other players.
Kershaw has a league-best 1.88 ERA on the season and led the NL in that category in each of the previous two seasons as well, winning the Cy Young in 2011 and finishing as the runner-up to R.A. Dickey last year.