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Contracts Newsbeat

Friday, March 04, 2016

Kris Bryant, Cubs agree to $652,000 contract

The Chicago Cubs and third baseman Kris Bryant, the 2015 National League Rookie of the Year, agreed to a one-year, $652,000 contract.

Bryant will receive a raise of more than $145,000 - a substantial amount considering he has less than one full year of major league service time. Bryant also will receive $111,000 more than Pittsburgh Pirates ace Gerrit Cole, who will earn $541,000 despite more than two years of service time.

This almost most likely doesn’t help the Cubs sign him in 6 years, or to an extension before then, but it’s definitely a gesture, with relative chump change, that surely helps the relationship even if last year’s promotegate was overblown.


Tuesday, February 09, 2016

Blue Jays agree to two-year deal with Donaldson

The Toronto Blue Jays avoided what would have been a senseless arbitration hearing with Josh Donaldson by reaching agreement on a two-year deal worth nearly $29 million with the reigning American League MVP, a source told Sportsnet on Monday night.

Obo Posted: February 09, 2016 at 01:47 AM | 13 comment(s)
  Beats: blue jays, contracts

Friday, January 29, 2016

With Deals in Baseball, Opting Out Is Very In

“The only scenario where you can say, with certainty, that the player is not going to opt out is if he’s had a career-ending injury or he has performed at a level that is so far beneath the value of those out-years that nobody’s going to duplicate it,” Manfred said. “That’s the only time the player is going to stay in that contract. Otherwise, you’ve lost control of the player.”

Hank G. Posted: January 29, 2016 at 03:46 PM | 35 comment(s)
  Beats: contracts, options

Tuesday, December 08, 2015

The Economist: Opting in to opt-outs

Opt-out clauses in baseball are supposed to benefit players, but savvy teams are now taking advantage of them to shorten risky long-term deals.  Who’s going to get stuck with an albatross if the market turns south and players stop opting out?

The years following their opt-outs, however, have proven far less rosy for their clubs. Unsurprisingly, the seasons covered by their new contracts but not their old ones have been a debacle: the group averaged just 1.7 WAR per year while still being paid a beefy $20m annually in 2015 dollars, representing a loss for their teams of $9.4m a season. Perhaps even more concerning for potential suitors is that the first part of their new deals—the years for which they would have remained under contract had they not opted out—have also proven disappointing. During those campaigns, they were paid $23.4m a year in 2015 dollars for an average of 2.8 WAR per season, a deficit of $6.2m.

David Concepcion de la Desviacion Estandar (Dan R) Posted: December 08, 2015 at 03:00 PM | 37 comment(s)
  Beats: contracts

 

 

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