Miguel Cabrera Rumors
In extending Ryan Braun and Troy Tulowitzki through the year 2020, the Brewers and Rockies made bold commitments to their young stars by adding multiyear extensions on top of pre-existing contracts that already covered both men through 2015 and 2014, respectively.
Are these deals risky? Absolutely, but the contracts represent the latest step in how clubs attempt to lock up their young stars. It isn't enough to just gain cost-certainty on a player through his arbitration and first few free agent years. If a team feels they have a true franchise player, it won't hesitate to sign that player to what essentially could be a lifetime contract in order to (hopefully) avoid spending even more money to re-sign that player or a comparable star as a free agent.
Should other clubs look to explore this tactic of extending an extension, here are some of the possible candidates to join Braun and Tulowitzki in the "2020" club.
- Evan Longoria. We start off with the man with arguably the most team-friendly extension in baseball history. Longoria's six-year, $17.5MM contract signed in April 2008 contains three team option years (worth $7.5MM, $11MM and $11.5MM, respectively) that could keep him in Tampa Bay through 2016, his age-29 season. As MLBTR's Mike Axisa pointed out over the winter, however, the Rays' uncertain financial situation makes it unlikely that they would make an even longer commitment to Longoria than they already have.
- Robinson Cano. Cano signed a four-year, $30MM extension before the 2008 season that also includes team option years for 2012 ($14MM) and 2013 ($15MM). New York will obviously keep Cano in the fold through his age-30 season by picking up those two options, unless those years get replaced by a longer-term contract. Cano hired Scott Boras as his agent in February and while Cano said he isn't planning to ask for an extension before his current deal expires, the second baseman is clearly already thinking ahead.
- Justin Upton. The first overall pick of the already-legendary 2005 draft is signed through 2015 on a six-year, $51.25MM extension that will run out when he's 28 years old and right in the middle of his prime years. The Diamondbacks explored a few deals for Upton over the winter and set off a flurry of speculation, but it appears as if GM Kevin Towers was simply doing his due diligence to see if another team would go overboard with a trade offer. Upton had a slightly disappointing (.799 OPS) 2010 season, so Arizona might wait for at least one more superstar campaign from their young star to make sure he's worth the risk of another multiyear extension.
- Hanley Ramirez. It seems odd to think of the Marlins doling out any major extensions, let alone two to the same player. With the team moving into its new Miami ballpark next year, though, the extra revenue could make another multiyear deal for Ramirez into a reality -- not to mention generating some goodwill amongst Marlins fans to get them to spring for season tickets. Ramirez is under contract through 2014 on a six-year, $70MM deal and 2015 will be his age-31 season. If Florida did explore an extension for Ramirez, they would surely have to factor in a move away from shortstop, since his defensive woes (a career -9.4 UZR/150) are likely to worsen as he ages.
- Ryan Zimmerman. MLBTR's Ben Nicholson-Smith recently outlined how the Nationals' previous extension with Zimmerman -- a five-year, $45MM pact that runs through 2013 -- was a terrific bargain for the club. Given Zimmerman's production, age (he'll be 29 when his deal runs out) and Washington's willingness to spend, Zimmerman is probably the most likely player on this list to receive a Braun/Tulowitzki-esque deal.
- Joey Votto. The Reds took the first step towards locking up the reigning NL MVP when they signed Votto to a three-year, $38MM pact that covered the first baseman's arbitration years. Votto is still on pace to hit free agency as a 30-year-old in his prime, and as one agent put it, "the Reds took on all the risk" with this initial deal. Cincinnati has put itself in position to contend over the next few seasons, so that will theoretically take care of the Great American Ballpark's attendance problems and make it possible for the team to get Votto signed to an even longer-term contract.
- Miguel Cabrera. Cabrera signed an eight-year, $152.3MM extension with the Tigers before the 2008 season. He'll turn 33 in 2016, and that advanced age plus his off-the-field issues make him an unlikely extension candidate. Detroit has the money and Cabrera has put up Cooperstown-worthy numbers throughout his career, but there just may be too much risk involved for the Tigers to commit more money to the slugger.
Here are some items of note for Friday night, including an interesting question posed by Ken Rosenthal of FOXSports.com on the Mets' and Dodgers' messy financial situations:
- Giants outfielder Aaron Rowand will be under a lot of scrutiny this spring, writes Chris Haft of MLB.com, as he looks to be the odd man out in San Francisco's crowded outfield. It won't be easy to flip him though, Haft notes, because two years and $24MM remain on his contract, and he's coming off a down year in 2010. If the Giants do move Rowand, according to Haft, their trade partner will probably ask them to eat some salary or take on a similar financial commitment in return.
- Tigers slugger Miguel Cabrera made his on-field debut at Spring Training on Friday, writes Jason Beck of MLB.com. His arrival, of course, was delayed by last week's arrest for allegedly driving under the influence and resisting arrest. Cabrera is facing the proverbial two-strike count with respect to his off-field travails, writes Steve Henson of Yahoo! Sports: If Cabrera slips up again, he will likely face serious repercussions from Major League Baseball.
- Orioles right-hander Alfredo Simon is no longer facing a civil suit after he was a suspect in a fatal shooting in his native Dominican Republic on New Year's Eve, but, per a Santo Domingo prosecutor, an investigation is ongoing and Simon has been denied bail, according to the Baltimore Sun. Prosecutors have till April 9 to file formal charges that could lead to a trial.
- The Mets' $25MM loan from MLB may be the most damning indication of their financial woes, says Rosenthal in an audio clip. Rosenthal also finds it curious that MLB loaned the cash to the Mets but denied the Dodgers' request to borrow $200MM from FOX, as was reported by Bill Shaikin of the Los Angeles Times. "It's a simple question of fairness," says Rosenthal.
In the aftermath of Miguel Cabrera's DUI arrest late Wednesday night, his second alcohol-related arrest in the last 17 months, Tigers GM Dave Dombrowski told ESPN's Jayson Stark (on Twitter) that "right now there's no language that can void [his contract], and we're not trying to do that." Two days ago we heard that some executives believed Detroit would try to make the contract non-guaranteed as a result of the incident.
Cabrera, 28 in April, signed an eight-year, $152.3MM contract extension before the 2008 season, not long after the trade that brought him to Detroit and before he ever played an official game for them. There are still five years and $106MM left on the deal, between $20MM and $22MM annually through 2015. It was the fifth richest contract in baseball history at the time it was signed.
Despite his off-the-field troubles, Cabrera is one of the game's premier sluggers, hitting .328/.420/.622 with career highs in doubles (45) and homers (38) last season. He's hit .317/.392/.558 in his seven full seasons, and his 247 homers before age 28 are the 12th most all-time.
Dombrowski told Tom Gage of The Detroit News and SI.com's Jon Heyman that he'd be surprised if MLB sanctioned Cabrera in any way, though his star first baseman will miss the start of camp to be evaluated by doctors (Twitter links). The absence is not expected to spill over into the regular season.
Here are a few items of note for Feb. 17, the day on which Wally Pipp was born 118 years ago.
- The Orioles will hold a press conference for Vladimir Guerrero on Friday, tweets Enrique Rojas of ESPNDeportes.com, so it's safe to assume that he passed his physical earlier this week and that his one-year deal is now official.
- The Cardinals at some point offered Albert Pujols a nine-year contract extension worth more than $200MM, tweets Jon Heyman of SI.com. To this point, the value of St. Louis' offer has been consistently around the $200MM range, but the length has been less clear.
- Tigers slugger Miguel Cabrera, arrested in Florida late Wednesday night and charged with DUI and resisting arrest, will not likely face jail time, writes Jon Paul Morosi of FOXSports.com, who spoke to a "leading criminal defense attorney." Whether Cabrera will enter a treatment program at this time remains unclear, Morosi notes.
Some thoughts and details on contracts around the game...
- Some executives in baseball wonder if the Tigers will try to make Miguel Cabrera's contract non-guaranteed, according to ESPN.com's Buster Olney (Twitter links). The first baseman, who was arrested and charged with driving under the influence last night, has five years and $106MM remaining on his long-term deal with the Tigers. The Mets unsuccessfully attempted to convert Francisco Rodriguez's contract into a non-guaranteed deal after his legal trouble in 2010.
- Pedro Feliz can opt out of his deal and become a free agent if he isn't on the Royals' Opening Day roster, according to Bob Dutton of the Kansas City Star. Alternatively, he can go to the minors for $75K.
- Russell Branyan has a similar clause in his deal with the Diamondbacks, according to Nick Piecoro of the Arizona Republic (Twitter link).
While Magglio Ordonez hasn't been seen in the Tigers' clubhouse since he underwent season-ending surgery last month, he has kept in touch with teammates such as Miguel Cabrera. Earlier this evening, Cabrera told reporters that his good friend wants to remain in Detroit next season, writes Jason Beck of MLB.com.
"I've talked to [Ordonez]," the first baseman said. "He said he feels better. He wants so bad to play, but his injury, he feels bad. He wants to come back next year here. He wants to stay here."
Ordonez seemed likely to return to the club as he needed just 540 plate appearances or 135 starts in order for his $15MM option for 2011 to vest. However, a broken ankle suffered in late July made it an impossibility.
The 37-year-old slugger hit .303/.378/.474 with 12 homers in 84 games this season.
In Nick Cafardo's latest piece for the Boston Globe, he takes an extended look at the Red Sox' early-season catching issues. He reiterates that if David Ortiz's struggles continue, the logical solution is to move Victor Martinez to DH and acquire a catcher. Cafardo names Kurt Suzuki as a player who would intrigue the Sox, since he can hit as well as play defense. Here are a few of Cafardo's other notes:
- Other catchers to keep an eye on for the Sox include Chris Iannetta, Miguel Olivo, Chris Snyder, and even Twins prospect Wilson Ramos, though he'd be costly.
- Cafardo praises the work Miguel Cabrera has put in to improve his image after last year's off-field problems. According to Cafardo, the Tigers "entertained trade proposals for him, but they wanted the farm in return."
- Ken Griffey Jr. is off to a slow start this year, but the Mariners will give him time to work through it. Seattle may eventually have to limit his playing time if his bat doesn't get hot, but would never release him.
- Cafardo is skeptical that the Cubs will be able to trade for a setup man and move Carlos Zambrano back into the rotation in the near future, suggesting the relief market is fairly thin.
- One AL international scout's assessment of Cuban shortstops Jose Iglesias and Adeiny Hechavarria: "Iglesias is certainly the more polished player at this stage, but Hechavarria has more upside.... I’d say Iglesias could play defensively in the big leagues right now, where Hechavarria would need a year or two to refine his game a bit." While the Sox would like to give Iglesias more minor league experience, they could bring him up if something were to happen to Marco Scutaro or Dustin Pedroia.
We've already looked at the largest contracts by service time and position, so let's now dig up the largest contracts ever given out by each of the 30 teams. These are in terms of guaranteed money only, but some could end up being even larger because of incentives and option years.
- Angels: Torii Hunter, five years, $90MM
- Astros: Carlos Lee, six years, $100MM
- Athletics: Eric Chavez, six years, $66MM
- Blue Jays: Vernon Wells, seven years, $126MM
- Braves: Chipper Jones, six years, $90MM
- Brewers: Ryan Braun, eight years, $45MM
- Cardinals: Matt Holliday, seven years, $120MM
- Cubs: Alfonso Soriano, eight years, $136MM
- Diamondbacks: Randy Johnson, four years, $53.4MM
- Dodgers: Kevin Brown, seven years, $105MM
- Giants: Barry Zito, seven years, $126MM
- Indians: Travis Hafner, four years, $57MM
- Mariners: Ichiro Suzuki, five years, $90MM
- Marlins: Hanley Ramirez, six years, $70MM
- Mets: Johan Santana, six years, $137.5MM
- Nationals: Ryan Zimmerman, five years, $45MM
- Orioles: Miguel Tejada, six years, $72MM
- Padres: Jake Peavy, three years, $52MM
- Phillies: Chase Utley, seven years, $85MM
- Pirates: Jason Kendall, six years, $60MM
- Rangers: Alex Rodriguez, ten years, $252MM
- Rays: Wilson Alvarez, five years, $35MM
- Reds: Ken Griffey Jr., nine years, $116.5MM
- Red Sox: Manny Ramirez, eight years, $160MM
- Rockies: Todd Helton, nine years, $141.5MM
- Royals: Gil Meche & Mike Sweeney, both five years, $55MM
- Tigers: Miguel Cabrera, eight years, $152.3MM
- Twins: Joe Mauer, eight years, $184MM
- White Sox: Frank Thomas, seven years, $64.4MM
- Yankees: Alex Rodriguez, ten years, $275MM
Thanks to Cot's Baseball Contracts for the info.
Let's look at the richest contracts by service time, in terms of guaranteed money...
- The most regrettable deals were signed very early in the player's career, Young and Carmona. Might be a lesson in using up those pre-arbitration years before taking the plunge.
- The largest contract signed by a position player with less than one year of service time after Braun's deal is Evan Longoria's, which will pay him just $17.5MM over six years. Is Braun overpaid, or is Longoria underpaid? I think the answer is clear.
- Sabathia's four year, $9.5MM deal nearly tripled Roy Halladay's three year, $3.7MM deal with Toronto, which was the previous record for a pitcher with less an a year of service time.
- One only of the above contracts has expired.
Thanks to Cot's Baseball Contracts for the info.
Once the Tigers traded Curtis Granderson and Edwin Jackson for four pre-arbitration eligible players, the thought was that owner Mike Ilitch was trimming payroll after the recession hit Detroit especially hard. However, he then approved a massive extension for ace Justin Verlander as well as the signing of Johnny Damon, and now his team's Opening Day payroll is expected to be somewhere around $130MM, up from $115MM last year.
Lynn Henning of The Detroit News wrote about the payroll savings GM Dave Dombrowski will enjoy after the season, which are pretty significant. Here's a look at the money the Tigers have coming off the books after the 2010 season...
- Jeremy Bonderman, $12.5MM salary in 2010
- Dontrelle Willis, $12MM
- Nate Robertson, $10MM
- Johnny Damon, $8MM
- Brandon Inge, $6.6MM
- Gerald Laird, $3.95MM
- Bobby Seay, $2.475MM
- Adam Everett, $1.5MM
That's $57.025MM in savings right there, and the team would be wise to avoid letting Magglio Ordonez reach the 540 plate appearances needed for his $15MM option to vest.
Ilitch isn't shy about spending big on the free agent market, and he'll have the money available to add a big bat to complement Miguel Cabrera (Jayson Werth, Aramis Ramirez if he declines his option?) as well as another elite starter to a rotation that already includes Verlander, Rick Porcello, and Max Scherzer (Josh Beckett, Cliff Lee?) after the season. Keep in mind that I was just throwing some names out there off our 2011 free agents list, and that the Tigers have not been linked to any of those players in any rumors we've seen.
The Tigers are already in a position to compete in the AL Central, and once they shed some dead money after the season, they'll have a chance to jump ahead of the pack if they spend wisely.