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Sunday, July 14, 2019

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“I’d be lying to you if I said I didn’t think about it,” Yelich, 27, says. “I don’t think I can say I regret that decision, but I think it’s human nature to think about the what-ifs. But then you go down a whole other thing of what-ifs after you say what if to that one.

“At the time it was the decision that I thought was right for myself and my family. I understood what I was doing. Obviously, now it looks terrible.”
...
Similarly, Paul Goldschmidt primarily was known in Arizona as one of the premier sluggers and nicest men in the game—and for being saddled with the game’s most club-friendly contract. In March 2013, he signed a five-year, $32 million deal after his first full big league season.

“It’s only team-friendly if you play well,” says Goldschmidt, who reached six All-Star Games, ranked in the top 10 in MVP voting four times and won four Silver Slugger Awards over the six seasons after he signed his deal. This March, he signed a five-year, $130 million deal after being traded to St. Louis. “Every contract, as soon as you stop playing well, then it’s a bad contract,” Goldschmidt says. “So it’s kind of this weird situation. It puts a weird taste in my mouth when I hear that because it depends on how you play.

“For me, when I was young like [Albies] and had the opportunity to set my family up for my lifetime. I took advantage of that. I have zero regrets about that. The big thing is, I would hope whatever player it is is fully educated on how everything’s working.”

Jim Furtado Posted: July 14, 2019 at 12:53 PM | 2 comment(s) Login to Bookmark
  Tags: economics

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   1. T.J. Posted: July 15, 2019 at 03:53 PM (#5862050)
A brief mention of the CBA, but otherwise no discussion of the role of the MLBPA in negotiating the current deal that has put the (young and old) players in the bad situation they're all currently in.
   2. Walt Davis Posted: July 15, 2019 at 06:43 PM (#5862084)
I'm not aware of any provision in the current deal that had any real impact on this phenomenon. Young players are under the same restrictions as they've been since the dawn of FA and the arb process; FAs under the least restrictive rules they've ever been. Obviously bigger jumps in min salaries and possibly a bigger jump in lux tax thresholds would have had an effect but this deal was pretty much just continuing the previous one.

Now if you want to blame the MLBPA of 40 years ago or so ... or the MLBPA of the early 2000s for not striking ...

For those that didn't read it, it's a pretty solid article, a bit repetitive making basically the three obvious points:

1. Guys like Albies have a lot of people depending on them and it's tough for them to pass up their first fortune and run the risk of injury/failure.
2. Teams are not making these offers out of the goodness of their hearts, they are doing it because they know they potentially will save millions.
3. Of course sometimes it does not work out in the team's favor.

Insufficiently explored (or maybe I missed it) are the guys like Eloy Jimenez who are basically forced to sign an extension or get their debuts delayed until the team gains a financial advantage. (And Bryant et al that went the other direction.) In a sense, it's just a more extreme version of #1 -- i.e. the player not only faces the risk of losing it all but also the service time games will delay the eventual reward.

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