BBTF's Newsblog Discussion :: Cleveland Indians, Carlos Santana agree to 5-year $21 million contract extension

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Tuesday, April 10, 2012

Cleveland Indians, Carlos Santana agree to 5-year $21 million contract extension

Catcher Carlos Santana has reached a five-year $21 million agreement on a contract extension with the Indians. The team will hold a press conference at 2:30 p.m,. to announce the deal.

The deal runs through 2016 with a club option for 2017. The club option covers Santana’s first free agent year.

Santana, 26, is entering his second full season in the big leagues. He will not be eligible for free agency until after the 2016 season when he’ll be 30.

The Indians recently signed Santana, still not eligible for arbitration, to a one-year deal worth $501,900. It is not known if that will stay the same or be restructured as part of the extension….

The Indians are basing their investment on Santana on what he did last year. While hitting only .239 (132-for-552), Santana hit 35 doubles, two triples and 27 homers with 79 RBI. He scored 84 runs, drew 97 walks for a slugging percentage of .457 and an on base percentage of .351.
Santana split time between catching and first base last year. This year he’ll concentrate on catching. He’ll move to DH against certain lefties to rest his legs.

RoyalsRetro (AG#1F) Posted: April 10, 2012 at 09:50 AM | 8 comment(s) Login to Bookmark
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1. BourbonSamurai, vassal of the Harpsburg Empire Posted: April 10, 2012 at 02:34 PM (#4102912)

Seems like a good deal to me.

2. Willie Mayspedes Posted: April 10, 2012 at 02:35 PM (#4102917)

If he hits as well as expected his one free agent season could be worth 20 million. Or he could get hurt tomorrow.

3. NJ in NY Posted: April 10, 2012 at 02:42 PM (#4102937)

NO FREE AGENTS FOR YOU!

4. Swedish Chef Posted: April 10, 2012 at 02:49 PM (#4102950)

Smooth.

5. A triple short of the cycle

Posted: April 10, 2012 at 11:46 PM (#4103638)

He is worth 20M and being paid 500K.

6. Why Bloody Valdespin? Posted: April 11, 2012 at 12:02 AM (#4103644)

Seems like a really good deal for the Indians. I'd say this was a terrible contract for Santana to sign if he weren't a catcher with an injury history. As is, I can't really blame him.

7. Walt Davis Posted: April 11, 2012 at 02:42 AM (#4103672)

Not going to be much in the way of comps:

The Braves got all of McCann's arb years and first FA year for $30 M. Also have an option on him for next year. He's making $11.5 this year so they got the arb years for basically $18. With inflation, $21 vs $18 looks fine.

Mauer's 3 arb years cost $20 but that was 3 years ago ... and Mauer put up 21 WAR in those 3 years and Santana's not gonna match that so ... $21 looks fine I guess. Suzuki is (likely) worse than Santana and he got $15. Molina's arb years were dirt cheap but he didn't hit in those days. Soto is an interesting comp for Santana -- i.e. Soto has really hit at times, can't stay healthy -- and looks like his 3 arb years will be cheaper than Suzuki.

So, a crappy set of comps but it's what we got among Cs. Looks fine but I'm not sure they got much of a discount on a long-term deal for an injury-prone (so far) C. A healthy Santana probably gets something like $27-30 M across those 3 years while I suppose a Soto-esque one still gets $12 or more ... so I guess that's about right too.

8. MM1f Posted: April 11, 2012 at 03:12 AM (#4103678)

eh, nm.

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Tuesday, April 10, 2012

Cleveland Indians, Carlos Santana agree to 5-year $21 million contract extension

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