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Indians Lock Up Hafner

UPDATE: Anthony Castrovince of MLB.com adds that the deal includes a club option for 2013.

And now Paul Hoynes has more details.  The breakdown:

2007: $3.75MM
2008:  $4.75MM club option (exercised)
Additional $9MM added to 2007-08 salaries, bringing AAV for those years to $8.75MM
2009: $11MM
2010: $11MM
2011: $13MM
2012: $13MM
2013: Club option for undisclosed amount

Ken Rosenthal has the scoop: the Indians have signed DH Travis Hafner to a four-year, $57MM contract extension. The deal covers the 2009-12 seasons, though Rosenthal notes that some of the money will go towards Hafner's well below-market salaries this year and next.  We'll have to wait for further details.  It's likely David Ortiz's 4/52 contract signed in April of '06 served as a benchmark.  What else would?

Some have speculated that Hafner's contract situation has affected him at the plate this year.  He posted just a .702 OPS in June; he hasn't had a month like that since 2003.  Pronk has consistently supplied 1.000 OPS seasons.  He's quietly been one of the game's very best hitters for years.

If you ask PECOTA, this extension is reasonable no matter how the compensation is spread.  They have Hafner as a $19MM player each year for 2007-09, and a $13MM player annually for 2010-11.  On the other hand, there are warning signs that Hafner could fall off rapidly as some of his top comparables did.

Earlier this year, Mark Shapiro said negotiations with Hafner would be tabled until season's end.  He also believed at the time that it might be possible to retain Hafner, Jake Westbrook, and C.C. Sabathia.  He's two-thirds of the way there, and both have been below-market.

Perhaps Shapiro will also change his tune and try to hammer something out with Sabathia?  C.C. is a Cy Young contender this year, and could ask for a contract resembling Barry Zito's if he hits the open market.  Most likely, Sabathia's agent Greg Genske will recommend he wait to see what happens with Carlos Zambrano.   

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Comments

Good deal.

Is Ichiro really worth that much more than Hafner? Not in my world.

humm, that seems a little more than I would expect unless it drops quite a bit...

…but even if it did mean about 14.5M a year or so, it would only give the current team a 50M or so payroll in 2009 while loosing only Blake, Borowski, Byrd, Fultz, Nixon and Sabathia. With CC and a Closer being the only ones we would really be needing to replace, I like the situation. Even if we did sign CC to about 15Myr himself, it would only bump commitment up to 65M, and we are still at about 3M less then this year…

Ahh, the fun of small-market ball… Just glad Hafs is finally done!

"Is Ichiro really worth that much more than Hafner? Not in my world."

Breakdown as to why Ichiro is being underpaid.

http://ussmariner.com/2007/07/11/ichiro-20-million-a-year/

I'll be shocked if CC or C. Zambrano isn't a Met by the opening of the new ballpark. I'm hoping C.C.

Too much for a DH. How are they going to re-sign Sabathia?

This was a dumb move, IMO. Hafner isn't young...and he's only a designated hitter.

A damn good DH.

But I have to agree, Sabathia should be more important.

The Indians have an outstanding offense and only 2 starters who have been worth a damn this year(CC and Fausto) that should be their focus.

In case you guys haven't noticed, DH is a position in the AL, and Hafner is the best or 2nd best DH in the majors.

Second to who?

Oh come on Tim, you know who he was talking about ~ you even mentioned him in the thread...

TSizzle,
Why is it such a bad move? Paying him what they will be means that everyone on the team we actually want around will only cost us about 47m-ish payroll in 09. Add CC at about 15m and we are looking at only 63ish ~ well under a team payroll which should be about 75-80 by then with only a closer and maybe a bullpen arm needed.

The Hafner and Westbrook deals only help keep CC because the concern of them costing 15+m a year is now gone. We know exactly what Pronk and Jake will cost now, and know that everyone else is locked up through atleast 09 so CCs extention money is more clear as to what we can spend. Plus, both Jake and Travis taking less money to stay here will hopefully help CC do the same...

I've talked to Sabathias family before and asked how he liked the team and all. They actually said that he talks as if the only place outside of Cle he would probably like be is the Bay area with his family. It doesn't mean he will only sign with Cle, Oak, or SF, but I think its still comforting.

Oh come on Tim, you know who he was talking about ~ you even mentioned him in the thread...

TSizzle,
Why is it such a bad move? Paying him what they will be means that everyone on the team we actually want around will only cost us about 47m-ish payroll in 09. Add CC at about 15m and we are looking at only 63ish ~ well under a team payroll which should be about 75-80 by then with only a closer and maybe a bullpen arm needed.

The Hafner and Westbrook deals only help keep CC because the concern of them costing 15+m a year is now gone. We know exactly what Pronk and Jake will cost now, and know that everyone else is locked up through atleast 09 so CCs extention money is more clear as to what we can spend. Plus, both Jake and Travis taking less money to stay here will hopefully help CC do the same...

I've talked to Sabathias family before and asked how he liked the team and all. They actually said that he talks as if the only place outside of Cle he would probably like be is the Bay area with his family. It doesn't mean he will only sign with Cle, Oak, or SF, but I think its still comforting.

The Mariner blog makes good sense about 50% of the time but around 25% of the time they engage in the worst kind of fallacies.

That blog is where I read Yuniesky Betancourt stand a very good chance of being as good a hitter as Derek Jeter.

testing...

humm...
anyway, sorry about that "testing" ~ I just tried to post in a different thread and it said I couldnt because it thought I was spamming... Figured I should try it in another thread and no problems here...
So confused...

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