Mark Teixeira’s contract another expensive miscue for Yankees

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When it was signed following the 2008 season, Mark Teixeira’s eight-year, $180 million deal with the Yankees was the third biggest in MLB history and largest to go to someone not named Alex Rodriguez. Now it rivals Rodriguez’s as one of the worst in baseball.

With the news Wednesday that Teixeira would undergo wrist surgery, the 33-year-old first baseman ends his fifth season with the Yankees having played in just 15 games and hitting .151. The Yankees are still on the hook for another three years and $67.5 million after paying him $22.5 million this season.

If it were just the wrist injury, there’d be better reason for hope that Teixeira could come back and be a quality regular, if not an All-Star, next year. But he already seemed to be in obvious decline before 2013. Here are his OPSs and OPS+s since 2007.

2007: .963 – 149 – Rangers/Braves
2008: .962 – 152 – Braves/Angels
2009: .948 – 141 – Yankees
2010: .846 – 124 – Yankees
2011: .835 – 121 – Yankees
2012: .807 – 116 – Yankees

The Yankees would surely take it if Teixeira could come back and be a 120 OPS+ first baseman in the last three years of his deal. He wouldn’t be worth nearly $22.5 million per year in that scenario, but that’d still make him an above average regular at first base.

It’s probably overly optimistic, though. While Jose Bautista has come back and produced since returning from a similar tendon sheath surgery, he hasn’t been nearly what he was in the two years before he got hurt. He was also a couple of years younger than Teixeira will be. Mark DeRosa’s wrist problems ended his career as a regular. Nomar Garciaparra came back and had his moments, but he was never the same quality of player after Al Reyes hit him in the wrist.

So, the Yankees should be very worried. That they’ll be overpaying Teixeira and Rodriguez going forward is a given. Maybe CC Sabathia, too. But as long as those guys are reasonably productive, then the Yankees should continue to contend. If those players become liabilities on the field as well as in the budget, that’s the recipe for disaster.

Report: Cardinals to sign Paul Goldschmidt to five-year contract extension

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Extension season continues. The Athletic’s Ken Rosenthal reports that the Cardinals and first baseman Paul Goldschmidt are close to an agreement on a five-year extension. The value is believed to be around $130 million, according to Derrick Goold of the St. Louis Post-Dispatch. Goldschmidt was set to become a free agent after the season.

The Cardinals acquired Goldschmidt, 31, from the Diamondbacks in December in exchange for Luke Weaver, Carson Kelly, Andy Young, and a 2019 competitive balance round B pick. The slugger is a six-time All-Star, a three-time Gold Glove Award winner, and a four-time Silver Slugger Award winner. Goldschmidt owns a career .297/.398/.532 triple-slash line along with 209 home runs, 710 RBI, 709 runs scored, and 124 stolen bases. He is also well-regarded for his defense at first base. As a result, he has accumulated 40.3 Wins Above Replacement over eight seasons, according to Baseball Reference.

With Goldschmidt in place, the Cardinals are set at first base for the foreseeable future. Though Goldschmidt got off to a slow start last season, carrying an OPS barely above .700 into June, he recovered and finished with a .922 OPS. That two-month blip aside, there’s no reason to think Goldschmidt’s production is about to fall off anytime soon.