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— A Timely Look at Transactions as They Happen
Thursday, December 01, 2005
Padres - Signed Giles
San Diego Padres - Have reportedly come to terms with OF Brian Giles on a 3-year, $30 million contract.
At some point, Sandy Alderson and Kevin Towers came to the realization that the 3-year, $30 million offer by Giles’ camp was a pretty generous offer, not an extravagant one. Rumors of Toronto offering 5 year, $55 million made that pretty clear. Even better, it’s a 3-year, $27 million deal with a $3 million buyout. If Giles is still good, which he should be, it’s a 4-year, $36 million deal.
It’s a terrific signing. Giles’ power numbers will never look impressive at Petco, but he’s a valuable offensive player that’s still a bit underrated. Since the Giles-Rincon trade, Giles’ second-lowest OPS+ is 148. That’s not Garret Anderson-variety pretend-good, but the actual kind, enough to place Giles 5th in the NL.
There is always risk attached to signings, but 3 years at 10-a-season for a player of Giles’ caliber is one of the lowest-risk signings you can make in the free agent market. If he doesn’t decline, the Padres have a much needed star outfielder. If he does decline, he’s still going to be both a far better player and a far better deal than Jacque Jones or Preston Wilson.
The Padres can now trade Dave Roberts freely. Giles staying changes the whole equation - Mike Cameron can coast into spring training at center (though he probably was anyway) and if the Red Sox still want to get Roberts for Giles, the Padres can fix the trade of their inning-eater for Castilla.
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