Olney: MLB executives are “appalled” over the Miguel Cabrera extension

124 Comments

The Tigers have reportedly reached agreement on an extension with Miguel Cabrera which will pay him $292 million over the next 10 years and keep him under contract through at least his age-40 season. If the deal is announced as a 10-year extension, it will be the biggest financial commitment in sports history. While both parties are obviously happy with the new mega-deal, ESPN’s Buster Olney hears that executives around MLB are in shock:

Cabrera is entering his age-31 season now, so it’s not exactly bold to say that this deal probably won’t look very good in the end. Yes, he’s the best hitter in the world right now, but players get old and decline and the odds are against him being the exception. There’s also the matter of timing, as he was already under contract for two more seasons. Was there really a sense of urgency to get this done at this very moment? There’s a ton of money in the game right now and there’s an argument to be made that the players aren’t getting enough of it, but this type of deal just feels unnecessary given his age and what he’s likely to be toward the end of it.

If there’s anybody who is probably peeved by the news of this extension, it’s the Angels. Sure, there have been extension discussions in recent months, but can you imagine what Mike Trout will (or should) demand after this? Oh boy.

BREAKING: Manny Machado to sign with the Padres: 10 years, $300 million

Getty Images
19 Comments

Jeff Passan of ESPN reports that Manny Machado has a deal with the San Diego Padres. Mark Feinsand of MLB.com reports that the deal is for ten years and $300 million with an opt-out after year five.

At the moment there is some disagreement as to how “done” this deal is, with Padres chairman Ron Fowler saying “We do not have a deal. We are continuing discussions.” Ken Rosenthal, however, says that’s “semantics” and that the financial terms are in place, with the deal requiring over some final touches on language and Machado’s physical, which will likely be a formality.

The Padres were a late entrant into the Machado sweepstakes, but they reportedly met with Machado last week. The club has obviously not won for a long time, but they have a strong farm system. While that usually mitigates against a big free agent signing, Machado’s age — 26 — means that he’s still likely to be a productive player when that core of prospects is mature. And if it doesn’t develop, hey, he’s made some serious bank and can still opt-out at an age when he might get another decent paycheck.

For the Padres, Machado represents the biggest single investment in a player in club history. Last year they spent too, of course, giving Eric Hosmer an eight-year, $144 million contract, but this is definitely next-level. As for the baseball side of things, it’s likely that Machado will be the full-time third baseman with Luis Urias handling shortstop. While all of the talk about Machado over the past several months has been focused on money and, sometimes, his alleged lack of hustle, the Padres are getting a player with a career line of .282/.335/.487 (121 OPS+), 175 career homers and a 33.8 career WAR in seven big league seasons. While he played shortstop last year and as a minor leaguer, his past and future is at third, where he is a superior defender. As for the hustle: it has almost exclusively been an obsession of the media, based on an ill-advised postgame quote in October. He has received no bad reviews from former teammates, all of whom speak highly of his game and his work ethic.

When the offseason began it appeared that the Phillies or the Yankees or, perhaps, the White Sox had the inside track on Machado. Everyone took a wait-and-see approach, reasonably believing that by waiting out Machado, a better deal could be struck. The risk of that approach, of course, is that it allowed the Padres to talk themselves into getting bold and, ultimately, swooping in to strike this deal.