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« Where Will Teixeira Sign? | Main | Shawn Green Retires »
Manny Corpas Signs Long-Term Deal
According to Troy E. Renck of the Denver Post, the Rockies have signed closer Manny Corpas to a four-year deal with two option years. The options cover his last year of arbitration and first of free agency. $8MM is guaranteed, with potential for $22MM. Renck has the details here. It's definitely a team-friendly contract. The Rox have also locked up youngsters Troy Tulowitzki and Jeff Francis. Garrett Atkins and Brad Hawpe are currently going year-to-year.
There has never been a deal of this kind, a closer with less than two years service time signing for four years. Closers like Jonathan Papelbon and Matt Capps, also possibilities for long-term deals, have two years service time.
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i didn't even know such a deal was possible. I thought that any long-term deal would have to extend at least until after arbitration, not one year before.
What happens if they decline the option? Is he a free agent, or does he still have a year of arbitration left?
Posted by: Raf821 | February 28, 2008 at 08:20 AM
I'm pretty sure he would still have a year of arbitration left. He wouldn't have the minimum service time for FA yet.
Posted by: stellar | February 28, 2008 at 08:42 AM
I agree with Stellar that Manny would likely go to arbitration if the Rockies don't pick up the option. Declining the option would not inherently terminate the team's right (i.e. make him a free agent). It's possible that Manny's agent could have negotiated a clause that would result in a termination of rights if the Rockies declined the option, but it seems unlikely.
I like this deal. Not a whole lot of downside.
Now if we can just get that Holliday deal done ...
Posted by: kosmo @ www.ObservingCasually.com | February 28, 2008 at 09:32 AM
I don't think his agent would be able to negotiate a termination of rights clause since Corpas wouldn't be FA eligible yet. What would happen to him?
Posted by: stellar | February 28, 2008 at 09:35 AM
I was thinking there was precedent for this - maybe a deal signed by a foreign guy?
Teams terminate their rights to players all the time (by releasing them) - including guys who would normally be abitration eligible - so I definitely think such a clause would be possible, and that Corpas would simply because a FA at that point.
In any case, I don't think such a clause exists in the new contract, even if the CBA would allow it.
Posted by: kosmo @ www.ObservingCasually.com | February 28, 2008 at 10:37 AM
Does anyone here think there is a possibility that Holliday gets moved next year before he hits free agency?
The odds of the Rockies giving him a Helton-like contract seem slim to me. Considering the Coors-inflated numbers he has put up, I bet he could command a lot.
A team like the Red Sox or Dodgers would likely be interested. If the Red Sox could get Holliday, I bet they would consider letting Manny go. In fact, if Manny doesnt bounce back this year, then I could definately see Holliday to the Red Sox going down.
Matt Holliday and Brian Fuentes for Lars Anderson, Ryan Kalish, Oscar Tejeda and Michael Bowden.
Those four prospects are all so young that their stars are likely to skyrocket over the next year.
Posted by: scribbletone | February 28, 2008 at 06:14 PM
Yeah, I think Holliday could be dealt before he becomes a FA. However, I don't see this happening before mid 2009. Fuentes will likely be traded this year (he is FA after 2008).
I think the Rockies will put a deal on the table that is comparable to the Helton deal (141.5M over 9 years). I'm just not sure if that will be enough. Hopefully he'll learn from the A-Rod debacle and prefer the kindler, gentler fan base and media of Colorado :)
Posted by: kosmo @ www.ObservingCasually.com | February 28, 2008 at 06:30 PM
Okay well then I guess scratch Fuentes from that deal if he becomes a free agent after this season. Holliday won't get dealt this year since he just signed a two year deal. Next year is the target date.
I'm just concerned that the package I previously listed would be too much then. There are a lot of scouts saying Lars Anderson could be a top 10-15 prospect in all of baseball in a year, and all of the other three guys will be top prospects by then too. Bowden mowed down hitters in AA last season, but seems to be blocked in the majors because the Red Sox already have four young starters in the rotation (Beckett, Matsuzaka, Buchholz, Lester) and Justin Masterson is still considered a superior prospect. Bowden could find a spot, but it'd likely require a Buchholz-like jump in his reputation and pitching. Meanwhile Kalish and Tejeda are a couple of young prospects who could end up being superstars or end up being nothing. They're both very interesting guys though, and considering that Tejeda could probably move over to second base (when he's ready for the majors in 2011) he could end up being a stud.
Posted by: scribbletone | February 28, 2008 at 06:38 PM
I won't even try to predict what sort of deal Holliday will go for in mid 2009. Too far away to predict.
Here's a good site for player contract info:
http://mlbcontracts.blogspot.com/
When a player's service time hits 3+ years, he will be arbitration eligible. In addition, the top 17 percent (in terms of service time) of the guy with 2+ years are also eligible (the Super Twos).
When the service time hits 6 years, the player is eligible for free agency.
Posted by: kosmo @ www.ObservingCasually.com | February 29, 2008 at 11:50 AM