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Monday, December 26, 2022

Mets, Carlos Correa optimistic deal will work out after concerns

With a second questionable physical, I’m not sure Boras and Correa have many options for a long-term deal in this price range. Sure, they can pivot to a short-term, high AAV deal but I suspect they’d rather have a longer deal with some injury protection for the Mets baked in.

The Mets and Correa’s camp have been said to be trying to work things out since the team mentioned an issue with Correa’s physical examination, which was performed Thursday and Friday in New York. The holdup, which was learned about Saturday, is believed to regard ankle surgery done in 2014, and a subsequent MRI.

Before the holiday momentarily interceded, the sides were discussing the value of an iffy MRI versus the “functionality” of the joint and Correa’s history of dependability — he’s missed only an average of 14 games the past three seasons, and according to agent Scott Boras has never received any related treatment since that 2014 surgery.

The sides seemed excited and motivated to do this deal when it was agreed to, and with the Mets and Correa’s camp said to be “working on things” Saturday, there has appeared to be some optimism things could be worked out. The Mets understood the Giants’ doctor found this issue when the Mets and Correa’s camp agreed to the middle-of-the-night $315 million, 12-year deal that shook New York.

jimfurtado Posted: December 26, 2022 at 11:38 AM | 19 comment(s) Login to Bookmark
Tags: carlos correa, mets

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1. Walt Davis Posted: December 26, 2022 at 01:14 PM (#6110917)

It is weird to be citing an 8-year old injury. I assume somebody has gone through the various IL trips Correa has made and none of them were ankle-related. He's been playing good SS and running the bases on it for years -- that must be one scary-looking MRI. (I'm pretty sure Buckner's major injury was the ankle; and I think Hal McRae too. Not that Correa wants to emulate those guys necessarily but they combined for 18,000 PAs on gimpy ankles using 1970s-80s tech ... how hard can it be? Tell 'im Wash.

Still, if I'm the Mets, of course I take advantage of this to shave $50 M off the deal or put in some vesting options or ... We could possibly see something like Magglio Ordonez's deal with Detroit. I forget the specifics but Detroit could get out of the deal if he had a serious injury to his left knee (or whichever part it was). He might end up back with the Twins yet. Or with the Dodgers.

2. The Duke Posted: December 26, 2022 at 01:36 PM (#6110919)

It appears the issue isn't what he can do today but what it will look like in a few years. I'm guessing they are seeing a lot of arthritis. I note he's completely stopped stealing bases so he's already made some concessions to the issue.

I can see why the Twins had no issue. A couple year contract. But signing up for ten years - that's a harder putt.

Still, he can bet on himself by absorbing the risk of something goes wrong - or he can go year to year at higher values (for now )

3. Krusty Posted: December 26, 2022 at 02:46 PM (#6110923)

This has some pretty interesting thoughts from Will Carroll about Correa's injury. Basically, this is probably a down the line kind of concern.

4. sunday silence (again) Posted: December 26, 2022 at 06:02 PM (#6110926)

Saw pretty much the same thing that the duke linked to by a reddit guy who says he's a doctor. Says its an arthritis concern some years down the road. Which for a normal person would be hardly a concern but at a high level athletic level it can inhibit you.

5. Mayor Blomberg Posted: December 26, 2022 at 07:12 PM (#6110927)

The long and the short of it is that immediate concerns can be relieved by another good year, but no number of good seasons in a row makes a long-term deal more papatable a year or two later. Boras is smart enough to understand that, I'd think.

6. Cris E Posted: December 27, 2022 at 03:25 AM (#6110939)

Might it be the insurance guys rather than the teams that are pushing back? If the Mets and Giants were talking to the same underwriter they'd both get the same resistance to the same x-rays. (Or is this too large a deal to insure? Does a larger contract make more sense or less sense to insure?)

7. Misirlou cut his hair and moved to Rome Posted: December 27, 2022 at 07:56 AM (#6110940)

I think there is a limit to insurance coverage, so anything above a certain number is irrelevant. It's not covered. At least that's how it used to work.

8. Mayor Blomberg Posted: December 27, 2022 at 11:59 AM (#6110942)

At one time when I paid better attention to such things, I recall that insurers stopped insuring deals longer than 5 years. If that's the case now, the Mets would be fully exposed on the riskiest part of the deal.

9. Walt Davis Posted: December 27, 2022 at 12:58 PM (#6110947)

If that's the case now, the Mets would be fully exposed on the riskiest part of the deal.

That's not the riskiest part of the deal. It's the most painful part and understandably an underwriter wants no part of it. But the big risk is that Correa will miss a ton of time during the first 5-6 years which is when he's expected to produce 20-30 WAR. If the Mets can get insurance on the first 5 years (or years 2-6 or whatever) then that's fine.

But if Cohen is willing to spend this crazily and toss $100 M into the CBT kitty then he might be happy and able to self-insure.

10. sunday silence (again) Posted: December 28, 2022 at 01:31 AM (#6111015)

11. Starring Bradley Scotchman as RMc Posted: December 29, 2022 at 08:34 AM (#6111151)

It is weird to be citing an 8-year old injury.

Well, 8-year-olds shouldn't be playing big league baseball in the first place! No wonder they're getting hurt...!

12. snapper (history's 42nd greatest monster) Posted: December 29, 2022 at 11:49 AM (#6111164)

yeah I was just gonna say that. the Mets are worth several billion, Cohen is worth several billion, why would insurance be a huge sticking pt? Its an interesting question whether they can get it and what it would cost to insure him for the first five years, but doesnt seem like a huge issue.

You'd think, but that's generally not how large corporations work. They still buy insurance or reinsurance against relatively modest losses all the time.

13. Lassus Posted: December 29, 2022 at 12:29 PM (#6111170)

This story really is moving at a snail's pace. Don't these people have jobs and work?

14. Srul Itza Posted: December 29, 2022 at 01:01 PM (#6111179)

You'd think, but that's generally not how large corporations work. They still buy insurance or reinsurance against relatively modest losses all the time.

15. snapper (history's 42nd greatest monster) Posted: December 29, 2022 at 01:27 PM (#6111183)

Having represented several large corporations, what I have seen is a lot of self-insurance, with a major insurer acting in a claims manager role. There may be "reinsurance" for truly large risks, but they see the cost-benefit of self-insurance running in their favor.

But they also buy a lot of insurance they don't really need. Every Fortune 500 could self-insure all their vehicles and employee health insurance, but many do not. Life Insurers and Reinsurers often cap their exposure on a single life to $10M or less, even though they have billions of dollars in reserves. There's a lot of sub-optimal risk aversion in the world.

16. sunday silence (again) Posted: December 29, 2022 at 05:22 PM (#6111215)

so again if some or a lot of corporations self insure, and they get insurance for Correa why should it be a sticking pt?

17. The Yankee Clapper Posted: December 29, 2022 at 07:55 PM (#6111250)

This story really is moving at a snail's pace. Don't these people have jobs and work?

It’s not like they’re posting at BBTF all day, AFAIK.

18. Lassus Posted: January 04, 2023 at 07:43 AM (#6111777)

Here's some shit it sounds like Robo made up for clicks, because there's no source, even anonymous:

Mets Rumors: Carlos Correa's Contract to Be 'Dramatically Different' If He Signs

The ongoing saga between the New York Mets and shortstop Carlos Correa doesn't appear to nearing a conclusion, but a bit of clarity was provided on Tuesday.

The Athletic's Ken Rosenthal reported that if Correa eventually signs with New York, it likely will not be the 12-year, $315 million contract he originally agreed to prior to the holdup caused by his physical examination.

"We expect it to be a dramatically different deal. ... The question again is, to what extent does the language change, does the deal change, and how will Carlos Correa be once he gets through all this? Will he be a happy Met? Will he be upset? Who knows," Rosenthal stated.

19. Tony S Posted: January 04, 2023 at 08:05 AM (#6111779)

"Will he be a happy Met?" Well, he hasn't inked anything yet, so if he feels he's going to be unhappy with the organization before he even dons a uniform, there's plenty of other teams he can sign with, and avoid said unhappiness...

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Monday, December 26, 2022

Mets, Carlos Correa optimistic deal will work out after concerns

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