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Baseball Primer Newsblog — The Best News Links from the Baseball Newsstand Friday, July 01, 2022Why Juan Soto’s Reported Extension Offer Is Not As Outlandish As It Might Seem
RoyalsRetro (AG#1F)
Posted: July 01, 2022 at 09:49 AM | 25 comment(s)
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1. The Duke Posted: July 01, 2022 at 10:42 AM (#6085119)This deal would buy out several arb years, unlike Trout's--but those are also likely to be Soto's best years so maybe the equivalent $ makes sense.
Another thought - with inflation being a thing again, players may want to think twice about these really long deals.
That being said, if someone offers you a $425 million contract, you take it.
This is my thought too. I'm fine with guys going to maximize their income but at some point I think you gotta just say #### it. Bird in the hand and all that.
I mean a dollar a year until the heat death of the universe is a huge amount of money, but ...
And while money either side of 425 M will never impact anything close to a normal lifestyle there are hobbies that can burn through limitless amounts of money. What if Soto's life goals are to be sole owner of an F1 team? He'd be seriously underfunded.
What if he really wants to run a private army? Or ... well I'm sure people can come up with "needs more money" situations.
And this is complicated by the fact that if he hold out for free agency he's still going to make an awful lot of money in the interum. And then gets "full" control of where he plays. The "full" reflecting the reality that if his dream is to play in Milwaukee it's probably not happening.
And look, if he wants to take that chance I don't begrudge him that. He could do what Trevor Bauer did with his contract (not the other stuff) and sign shorter deals that give him bigger AAV and more control over where he plays. That's fine too. Assuming he likes it well enough in Washington though I don't think there is going to be a difference between $425 and whatever the Yankees/Dodgers/etc...might otherwise give him.
Translation: he has old player skills already--thus would be expected to age more poorly.
Still, as a group young professional athletes are not risk adverse. To put it mildly.
Nope. That guy loses his ability to write for any outlet from now on.
Expected! Come on.
Look, it's not like he is Adam Dunn. He hits for a good average (not this year so far I'll grant), he'll steal a base or 2. It's not all about home runs and walks.
The excerpt suggests otherwise, in particular with regard to whether the tail end of the contract will be a good value for the team.
But every donation helps. For a mere $10 a day, you too can help rescue me from this socialist poverty and I'll be sure to send you a smiling picture.
Now, I believe some of us (that might include me) made many of the same points about passing up $350 M yet here we are just a couple of weeks later with an offer nearly 20% higher. I'm reasonably confident he'll take this one or something close to it. He's not gonna beat this deal by enough to make the risk worth it. And to paraphrase Mike Trout on his first extension (essentially paraphrasing Krusty) "when somebody offers you over $30 M a year, it's very hard to say no." (But yes, if half the money is deferred or paid in NZ$ then he might want to wait.)
It certainly wouldn't be surprising for the final contract here to have an option or two for Soto. But they'll come after 5-6 years because for this much money, the Nats want a guarantee for Soto's prime years. When that time comes, assuming he's been productive, he could probably leverage the option into an extra year on the contract.
We really haven't seen many big contracts get opted out of. ARod of course but that one made no sense for either party ... he ended up getting the same extension he was asking for from the same team he was asking. JD Drew opted out once and got a better contract from the Red Sox but it wasn't massively better. Greinke was the big winner, opting out of his Dodgers contract to get a highly questionable 6/$200 offer from AZ which paid off reaasonably well (20 WAR).
What's been more common is that the player is not in a good position to opt out (usually due to injury or under-performance) or they have met expectations but are now also a few years older so they leverage the option into an extra year or turning an option at the end into a guarantee.
But sure, inflation and uncertainty, maybe we will see more Bauer/Correa type contracts. But still, the Nats know they have him for the next 2 years so even if they'd agree to that type of deal, it's still gonna be at least 5 years.
But cost the team a lot more since the payments from Texas stopped with the opt-out...
He's got to find a way to get a minimum guarantee so a Tony C doesn't happen and also get some "where do I want to play" flexibility. I guess he could also buy an insurance contract on himself that pays out $425 million in the event of a Tony C injury. May not cost that much given the low likelihood
"life is cruel" ain't even the half of it.
couldn't this have been one helluva movie? the lesser talented brother MLB OF only adds to the melodrama
Which in this scenario would likely mean that any insurance Soto had would not have to pay out. You can get a policy that covers a career-ending injury, I think he'd have a hard time finding a policy that will pay out if he can't produce better than a 700 OPS.
Conigliaro missed about 1.5 seasons. He came back for two full seasons with a 103 and 117 OPS+ then he stunk the next year. If this happened to Soto this year, the Nats would have to non-tender him this offseson, maybe getting him to agree to a small amount to retain his rights while rehabbing. He'd be back for his final year before FA, probably on some sort of incentive-laden deal. He'd put up that 103 and that would be it for Soto's fabled FA contract. The insurance doesn't pay out and Juan Soto loses out on probably over $400 M. That alternative would be to never play again while battling the insurance company over whether you were really physically incapable of playing MLB.
That's why you don't bet $425 M in the hopes of winning $450 M. At a minimum, if Soto is set on going FA, he should instruct Boras to get him something like 2/$45-50 for 2023-24 (the rest of his arb period ... essentially self-insuring). And yes, get an option in the long-term deal if he cares that much about the extra $25 M he might leave on the table.
Was it bad luck?
From the SABR bio linked at b-r:
On the 17th, Tony’s partner in the music business, Ed Penney, was visiting his sons at the Ted Williams Baseball Camp in Lakeville, Massachusetts. Ted warned Penney, “Tell Tony that he’s crowding the plate. Tell him to back off.” He said, “It’s getting too serious now with the Red Sox.” Penney remembered, “I told him I would. I’d see him the next night. When we were walking across the field to get the kids, and Ted was going up to the stands to make some kind of talk, he turned around and yelled over to me and said, ‘Don’t forget what I told you to tell Tony. Back off, because they’ll be throwing at him.’”8 Penney did tell Tony, before the game the very next night. Tony was in a slump at the time, and told his brother Billy he couldn’t back off the plate or pitchers wouldn’t take him seriously. If anything, he was going to dig in a little closer.
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