Russell Martin’s deal is backloaded. So too is Giancarlo Stanton’s. REALLY backloaded. As in, he’ll only make $30 million in his first three years. And, if he opts out after the first six years of his 13-year deal, he leaves $218 million on the table. The details from Jayson Stark:
According to a major league source who had seen the terms, Stanton’s salaries over those first three seasons will be only $6.5 million in 2015, $9 million in 2016 and $14.5 million in 2017, far less than he could have earned through arbitration in 2015-16 and then via free agency. He would then earn $77 million over the next three seasons, and could opt out of the contract after 2020, following his age 30 season.
So the Marlins would be on the hook for only $107 million of the deal over the first six seasons, which computes to an average annual value of just $17.83 million per season before Stanton would have the right to exercise the opt-out clause.
This certainly changes the view of this deal. And if for some reason this deal turns sour on the Marlins, it turns really sour, with the final seven years coming in at over $31 million a year all while Stanton has a full no-trade clause. One big injury or some inexplicable Dale Murphy-style falloff and it’s uglyville.
In the meantime, though: a bargain for the Marlins and flexibility for them to go get other pieces to complement Stanton. Now: will they do it?
Even Drellich of The Athletic reports that the Boston Red Sox are cutting the pay of team employees. Those cuts, which began to be communicated last night, apply to all employees making $50,000 or more. They are tiered cuts, with people making $50-99,000 seeing salary cut by 20%, those making $100k-$499,000 seeing $25% cuts and those making $500,000 or more getting 30% cuts.
Drellich reported that a Red Sox employee told him that “people are livid” over the fact that those making $100K are being treated the same way as those making $500K. And, yes, that does seem to be a pretty wide spread for similar pay cuts. One would think that a team with as many analytically-oriented people on staff could perhaps break things down a bit more granularly.
Notable in all of this that the same folks who own the Red Sox — Fenway Sports Group — own Liverpool FC of the English Premier League, and that just last month Liverpool’s pay cut/employee furlough policies proved so unpopular that they led to a backlash and a subsequent reversal by the club. That came after intense criticism from Liverpool fan groups and local politicians. Sox owner John Henry must be confident that no such backlash will happen in Boston.
As we noted yesterday, The Kansas City Royals, who are not as financially successful as the Boston Red Sox, have not furloughed employees or cut pay as a result of baseball’s shutdown in the wake of the COVID-19 pandemic. Perhaps someone in Boston could call the Royals and ask them how they managed that.