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— A Timely Look at Transactions as They Happen
Tuesday, November 29, 2005
A’s - Signed Loaiza
Oakland A’s - Signed P Esteban Loaiza to a 3-year, $21.375 million contract.
Wow - that’s a lot to give to a pitcher with ERA+ numbers of 105 and 84 after his big year. I don’t think Loaiza will match his projection below, but then again, I thought he’d fall well short of his projection last year and it turned out to be one of the best ones.
If this is any indication of where the market’s going, there are going to be a lot of instances of headscratching and muttering “that guy’s good, but that good?” Loaiza will be OK with Oakland and a good 3rd starter or so, but this is a lot of dough for a guy who is not elite and a team with a fairly tight budget. It makes me wonder where Kevin Millwood’s going. Remember the joking about Boras and Millwood wanting that 3-year, $30 million contract? Well, if Loaiza can’t get more than 21 for 3 with the A’s, Millwood’s beating that. B.J. Ryan and Billy Wagner may look like bargains in 3 weeks!
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