Headlines

  • Padres Plan To Reduce Payroll To Around $200MM; Front Office Changes Possible
  • Marlins Place Eury Perez On 15-Day Injured List, Select Jeff Lindgren
  • Sandy Alcantara Shut Down For Rest Of 2023 Season
  • Brandon Lowe To Miss 4-6 Weeks With Kneecap Fracture
  • Rays Promote Junior Caminero
  • Sean Doolittle Announces Retirement
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

  • Home
  • Teams
    • AL East
      • Baltimore Orioles
      • Boston Red Sox
      • New York Yankees
      • Tampa Bay Rays
      • Toronto Blue Jays
    • AL Central
      • Chicago White Sox
      • Cleveland Guardians
      • Detroit Tigers
      • Kansas City Royals
      • Minnesota Twins
    • AL West
      • Houston Astros
      • Los Angeles Angels
      • Oakland Athletics
      • Seattle Mariners
      • Texas Rangers
    • NL East
      • Atlanta Braves
      • Miami Marlins
      • New York Mets
      • Philadelphia Phillies
      • Washington Nationals
    • NL Central
      • Chicago Cubs
      • Cincinnati Reds
      • Milwaukee Brewers
      • Pittsburgh Pirates
      • St. Louis Cardinals
    • NL West
      • Arizona Diamondbacks
      • Colorado Rockies
      • Los Angeles Dodgers
      • San Diego Padres
      • San Francisco Giants
  • About
    • MLB Trade Rumors
    • Tim Dierkes
    • Writing team
    • Advertise
    • Archives
  • Contact
  • Tools
    • 2023-24 MLB Free Agent List
    • 2024-25 MLB Free Agent List
    • Transaction Tracker
    • Arbitration Tracker
    • Agency Database
  • NBA/NFL/NHL
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors
  • App
  • Chats
Go To Pro Hockey Rumors
Go To Hoops Rumors

High-Priced Closers

By Eddie Schmid | August 13, 2009 at 9:06pm CDT

There was a user here that stated roughly "If the closer is the highest-paid player on your team, you're not destined for great things." With that in mind, let's take a look at the highest-priced relievers in the game who were signed to specifically be closers.

Earlier in the decade, a free-agent closer earning $10MM per year looked fairly implausible, but it seems the dominance of players like Mariano Rivera and Eric Gagne made teams salivate at the thought of an unhittable late-game fireman. Since then, closers have become increasingly expensive and the results have been mixed. Let's look at what the top contracts have produced for teams, whether they're the highest contracts on the team or not:

  • B.J. Ryan – Signed a five-year, $47MM contract in 2005. One brilliant season (2006), one good one (2008), one completely missed season (2007) and now out of a job with another year to go on his contract. The Blue Jays didn't make the playoffs.
  • Joe Nathan – Signed a four-year, $47MM contract in 2008. He's been fantastic, putting up sub-2 ERAs and saving 68 games while blowing nine. But the Twins are five games back and look like they'll miss the playoffs this year, as they did last.
  • Mariano Rivera – Signed a four-year, $40MM deal in 2001, a two-year, $21MM deal with vesting option in 2005 and a three-year, $45MM contract in 2008. Rivera has been exceptionally brilliant since he was given his big deal in '01, putting up five seasons of sub-2 ERA and 30-save seasons in all but one. Perhaps it's semi-notable that the Yankees haven't won a World Series since they first broke the bank on Rivera.
  • Billy Wagner – Signed a four-year, $43MM deal in late 2005. Pitched magnificently for two and a half seasons until he was forced to have elbow surgery last season. Mets made NLCS in 2006.
  • Francisco Rodriguez – Signed a three-year, $37MM deal w/$17.5MM option in 2008. Has been good but not great for the Mets this year, putting up a 3.35 ERA and 53/30 K/BB ratio in 51 IP. Mets aren't going to make the playoffs this year, but it can't really be traced to his performance.
  • Francisco Cordero – Signed a four-year, $46MM deal in 2007. Cordero was good in 2008 and has been pretty great this season, posting a 1.79 ERA and 37/19 K/BB ratio. He's saved 59 games and blown only seven since last year, but the Reds continue to scuffle.
  • Brian Fuentes – Signed a two-year, $17.5MM deal in 2008 with a vesting option for 2011. He's had a bumpy ride this season, but he's saved 32 games in 36 chances. Angels could be set for the playoffs.
  • Brad Lidge – Signed a three-year, $37.5MM deal in 2008 w/Phillies. Has been erratic this year, posting a 7.29 ERA and 44/25 K/BB ratio and saving 21 of 28 games after a nearly flawless campaign last season. Phillies look committed to forge on with him, but will it cost them late in the season? We'll see.
  • Kerry Wood – Signed a two-year, $20.5MM deal with vesting option for 2011 w/ Indians. Wood has been a frustrating sign, posting a 4.72 ERA and 45/19 K/BB ratio while saving 15 games and blowing five saves. Pretty big disappointment for the Indians, who were looking to contend this year and have now blown up their team.

So what can we learn from these? One prevailing trend is that the small-market teams (Blue Jays, Reds, Indians, Twins) have paid astronomical contracts to closers with few good results. While a closer may put up solid numbers here or there, the middling teams haven't seen their overall performance improve significantly, if at all, by the season's end. When a larger-market team invests, the player has usually rounded out an already robust squad–one with enough depth and cash to recover.

This conclusion has probably been made a few times, but there seems to be a correlation that shouldn't be ignored: Signing a high-priced closer long-term is likely to be an unwise move for a small-market team, as the risk of injury or sudden ineffectiveness is high. A closer isn't likely to be the piece to make a middling team a great one, and money would be well-spent on other resources.

Special thanks to Cot's Contracts.

Share 0 Retweet 0 Send via email0

Uncategorized

Odds & Ends: Rays, Royals, Free Agents
Main
Odds & Ends: Cubs, Strasburg, O’s
View Comments (0)

Leave a Reply Cancel reply

Please login to leave a reply.

Log in Register

ad: 300x250_1_MLB

    Top Stories

    Padres Plan To Reduce Payroll To Around $200MM; Front Office Changes Possible

    Marlins Place Eury Perez On 15-Day Injured List, Select Jeff Lindgren

    Sandy Alcantara Shut Down For Rest Of 2023 Season

    Brandon Lowe To Miss 4-6 Weeks With Kneecap Fracture

    Rays Promote Junior Caminero

    Sean Doolittle Announces Retirement

    Tigers Name Jeff Greenberg General Manager

    Qualifying Offer Value To Land Around $20.5MM

    Shohei Ohtani Undergoes Elbow Surgery

    Marlins Claim Matt Moore From Guardians

    Rays To Announce New Stadium Deal

    Reds Designate Hunter Renfroe For Assignment

    Shohei Ohtani Out For Season With Oblique Strain

    Marcus Stroman To Pitch Out Of Bullpen

    Red Sox Fire Chaim Bloom

    Orioles Select Heston Kjerstad

    Jasson Dominguez To Undergo UCL Surgery

    Max Scherzer Unlikely To Return This Year Due To Teres Major Strain

    Ryan Mountcastle Being Evaluated For Shoulder Issue, Heston Kjerstad Promotion Possible

    Nationals Agree To Multi-Year Extension With Mike Rizzo

    Recent

    Offseason Chat: Colorado Rockies

    Offseason Outlook: Kansas City Royals

    Padres Plan To Reduce Payroll To Around $200MM; Front Office Changes Possible

    Submit Your Questions For This Week’s MLB Trade Rumors Podcast!

    Braves Designate Ehire Adrianza For Assignment

    Roric Harrison Passes Away

    Yankees Notes: Rotation, Kahnle, Bowman, Boone

    Kyle Wright Could Pitch Out Of Braves’ Bullpen In The Playoffs

    Poll: Aaron Boone’s Future

    Fantasy Baseball Chat with Brad Johnson

    ad: 300x250_5_side_mlb

    MLBTR Newsletter - Hot stove highlights in your inbox, five days a week

    Latest Rumors & News

    Latest Rumors & News

    • Shohei Ohtani Rumors
    Trade Rumors App for iOS and Android

    MLBTR Features

    MLBTR Features

    • Go Ad-Free
    • 2023-24 MLB Free Agent List
    • 2024-25 MLB Free Agent List
    • MLB Player Chats
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • MLBTR On Twitter
    • MLBTR On Facebook
    • Team Facebook Pages
    • How To Set Up Notifications For Breaking News
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors

    Rumors By Team

    • Angels Rumors
    • Astros Rumors
    • Athletics Rumors
    • Blue Jays Rumors
    • Braves Rumors
    • Brewers Rumors
    • Cardinals Rumors
    • Cubs Rumors
    • Diamondbacks Rumors
    • Dodgers Rumors
    • Giants Rumors
    • Guardians Rumors
    • Mariners Rumors
    • Marlins Rumors
    • Mets Rumors
    • Nationals Rumors
    • Orioles Rumors
    • Padres Rumors
    • Phillies Rumors
    • Pirates Rumors
    • Rangers Rumors
    • Rays Rumors
    • Red Sox Rumors
    • Reds Rumors
    • Rockies Rumors
    • Royals Rumors
    • Tigers Rumors
    • Twins Rumors
    • White Sox Rumors
    • Yankees Rumors

    ad: 160x600_MLB

    Navigation

    • Sitemap
    • Archives
    • Feeds by Team

    MLBTR INFO

    • Advertise
    • About
    • Commenting Policy
    • Privacy Policy

    Connect

    • Contact Us
    • Twitter
    • Facebook
    • RSS Feed

    MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

    hide arrowsFOX Sports Engage Network scroll to top

    Register

    Desktop Version | Switch To Mobile Version