The Rays announced that they agreed to a four-year extension with Wade Davis that's worth at least $12.6MM and could be worth up to $35.1MM. Jet Sports Management represents the right-hander.
The 2011-14 seasons are guaranteed and the Rays hold options for the 2015, 2016 and 2017 seasons. The options span Davis’ final arbitration year and his first two years of free agency while the guaranteed years span Davis' final two pre-arbitration seasons and his first two seasons of arbitration eligibility.
Agent B.B. Abbott told MLBTR that Davis earns $1MM in 2011, $1.5MM in 2012, $2.8MM in 2013 and $4.8MM in 2014. The Rays then have options worth $7MM (2015), $8MM (2016) and $10MM (2017) or a buyout worth $2.5MM.
Davis, 25, posted a 4.07 ERA with a 39.2% ground ball rate, 6.1 K/9 and 3.3 BB/9 in 168 innings last year, finishing fourth in the AL Rookie of the Year balloting.
The option-heavy extension mirrors those signed by Ben Zobrist (2 club options), James Shields (3 club options) and Evan Longoria (3 club options). Rays executive VP of baseball operations Andrew Friedman clearly likes the flexibility that multiple club options provide and so far he has been willing to commit to certain players early to obtain it.
really? has he proved himself worthy of that yet?
What MLB-cailber pitcher isn’t worth $1.8 million/year guaranteed? I mean, you get sub-6.00 ERA starters getting $2-3 million, so it’s an incredibly low investment.
And if he gets that full $35.1 million, then he’s getting $5 million, which is a very mediocre SP anyway, and I’m guessing he has to pitch fairly well and stay healthy to get to those incentives.
Basically, it would take a literal explosion of Davis’ arm to keep this from being an EXTREME bargain for TB.
well that’s not exactly right.
It covers two seasons of pre-arb salary, which would have otherwise been around $400-500k each, and then the first two season of arbitration for $12.6 million, so it’s 4 years for that amount- which would be a bargain at $3.15 million a year except that two of those years would have been pretty close to free and the other two will be arb years. Basically, it looks like for those years, they’re paying him like he’s a pretty solid, good pitcher, and if he performs well they’ll have some savings and be able to keep him around at a very reasonable rate. So it’s a huge bargain if he pitches very well, but a reasonable contract if he pitches OK.
lolwut?
What is going on?
You’re on this cool site that reports about baseball. The season’s about to start!
What is going on is that the Yankees won today. Need to know anything else?
career stats of 14-12 and 4+ era gets you a 7 year extension??? damn im in the wrong profession
Take into account he pitches in the toughest division in baseball, thats a pretty damn good track record for someone that young.
12.6 only guaranteed. Friedman with another bargain. Nothing will beat Longo though.
12-10, 4.07 ERA in AL East as a Rookie (4th in ROY) – plus it worked out well with Longoria – some risk but potential high reward – I like it
These Rays contracts are ridiculous. Somebody needs to stop them. They have really loopy structures and ultimately screw over players if they perform really well.
This is a brilliant move. The kid is going to be a stud. When you have prospects like this you are right to error on the side locking them in at a decent price instead of paying for it later. I hope the Royals are taking notes for when their crop of elite guys comes up.
Second half of the season… He was 7-1 last season.. Not too bad.. Hell you know when Kruk loves the deal and it doesn’t involve the Phillies.. You know the Rays did well..
The way Davis dominated the Rangers in the playoffs in an elimination game in Texas was sheer brilliance.
Who did it work out for? Longoria is getting screwed at this point. He should ask them to be released or re-negotiate when it comes time for his $7.5MM option to get picked up. The guy is worth at least $18MM a year as a FA and while he obviously doesn’t need a market-rate contract, the team friendliness of this deal is insane. It’s highway robbery.
it is the absolute opposite of highway robbery. it is a voluntary contract agreed to by both parties based on calculations of risk and desire for profit
Highway robbery? You kidding? Sure he is worth more, but the team showed some faith and him and $7.5 million a year is plenty of money. Good for Longoria being a standup guy.
This Davis contract is genius as well. Rays have arguably the smartest front office in baseball.
Hard to argue with that point.
Well the front offices and MLB personnel have voted the Rays the best run organization for the couple years. And Friedman has gotten GM of Year several times already by a wide voting margin.
uh he didn’t need to sign the contract. He has a long career ahead of him and will have at least one giant contract ahead of him. He made the decision to ensure that regardless of what happened he’d at least make some good money over his career. Once you sign a binding contract, you can’t just decide that you should be paid more instead, that kind of defeats the purpose- it would be risk for the team but no risk for the player.
Obviously works out better for Rays… we know that now… What if Longoria got hurt or didn’t play well… we would of took the Rays for all that money… He knew the risks and had advice from his agents… he didn’t have to sign the contract
Hilarious when people can consider being guaranteed $17.5M to play baseball (and almost certainly a total of $44M barring an injury) “getting screwed.”
The players signed the deals. They know what they’re doing. Stop complaining.
LOL, he should ask the team that he agreed to play for for $7.5 million to randomly give him another $10 million/year? Haha, don’t sign the contract if you don’t want to risk not getting enough money.
I mean, how will Longoria feed himself on ONLY $7.5 million? Seriously, $7.5 million is enough money to take care of, like, 3 families for their entire lives. He’ll get that in one year.
Yankees fans don’t understand that.. They live in a fantasy world… But unfortunately you have fans like this that makes comments and then when he gets pointed wrong, he then bitches and complains and then stomps his feet and says everyone is jealous.
Like anyone would care.
This isn’t football. You can’t simply just demand more money for no good reason…because your contract is guaranteed.
Unlike the NFL, the Rays can’t just say, “Oops, Evan, you just blew out that knee horrifically and we know you’ll never be the same player…so we’re going to give you nine months to recover before going to camp and getting cut once the injury restriction is over.” They’d have to pay him all the money left on the table. Ask Mike Hampton how awesome this is, other than the whole not being able to dominate the National League afterward.
That’s why every signed contract in baseball is fair for both parties once arbitration hits (and, in the case of Wade Davis and many others signing pre-arb contracts, before). It provides the player with ultimate security while allowing the team to utilize their payroll as safely or haphazardly as they please.
-C
Let’s say longoria signs the contract then busts you would then be calling it a bad move by the reys. Or he does not sign the contract and busts then it’s a bad move for him. Again or he goes year to year and makes a ton more money while hurting the team financially. Or he goes year to year gets hurt and is out if baseball with no money. And the final or. He signs the team friendly deal which no one forced him to sign. And he gets hurt this way he can take care of him self and his family just to be safe.
He is a good guy as seen by all his charity work. He more than likely wanted security over the pay day to start his career which is very very smart. When he hits free agency he will get a huge 100+++ contract offer and who is to say he takes it.
Bro this isn’t the NFL players cant sign a contract and sit out the next season when THEY realize they messed up and should have signed for more.
And it’s not highway robbery Barry zito us highway robbery,
I still don’t get how the NFL allows a player to not honor a contract that he signed.
Non guaranteed contract. Unlike baseball and basketball if a player bombs in the NFL teams are only on the hook for the guaranteed portion of the salary and can cut them to get the salary relief.
lets not forget that a 4.00 ERA and 14-12 record in the AL East is like being a 3.00 ERA and going 18-8 in most other divisions….
Boo
Welcome back btw.
Thank you.
No, it is not.
Or 7-1 in the second half. And dominated Texas in Texas in the playoffs in an elimination game..
Soo… yeah he is probably trending up
35mm? How pissed is Longoria?
Yeah… he can get a lot of AK-47s with that kind of money
Im sure Longoria is super pissed. Not about Wade Davis’s contract but just the fact he has been robbed twice within a month. I’d be super pissed too.
andrew friedman – doin’ it well
I represent queens she was raised out in brooklyn?
Wow. Seriously? Good bargain for the Rays even if he doesn’t live up to the expectations with only $12.6M guaranteed. Will be interesting to see the exacts of the contract.
Another amazing move by Friedman and company…..
And those getting all excited over this, Davis should easily earn that 12 million, even if he only pitched 450 innings and they decline his options, he will earn that 12 million with ease.
And getting excited over the 35, and you are comparing that to longo? You realize those are club options, right? Longo’s club options push him over 45 million, and he signed less than a month into his big league career giving him assurance in his future earnings.
This is a great move by Friedman, but not bad for Davis as he knows what he will earn moving forward.
This is why the Rays are the best team in baseball
I love this. Long term deal that looks like a bargain potentially. Haters gonna hate, but I truly admire the way Friedman does his thing. He’s made the Rays a model organization.
DISLIKE DISLIKE DISLIKE!!!
Knock it off, Rays. I liked you guys better when you were poorly run.
In all seriousness, anyone questioning this move hasn’t been paying attention to baseball economics in the last two decades.
Also, I’m not surprised by the handful of “woe is this poor athlete only making a few million a year, how will they survive” as there’s always a few on here. They signed a contract, they can soldier on with their meager seven digit salaries.
Rays continuing to prove why they may be the league’s best run team.
I’m not usually one to deal in absolutes, but may be? I really can’t think of anyone even remotely close in terms of how well they’re run. People were talking about their “window” a few years ago when they first started getting good (And by started, I mean went from cellar dweller to AL Champs overnight).
I put the Twins up there also.
12 mil for is first 2 arb years? Pretty sold deal for Davis even with the options. Guess the Rays are banking that he puts up consistent ERA’s under 4, then they will get some value from this.
is this website being retarded for anyone else ?
How must Lester feel then…
09:$1M, 10:$3.75M, 11:$5.75M, 12:$7.625M, 13:$11.625M, 14:$13M club option ($0.25M buyout) 5 years/$30M (2009-13), plus 2014 club option
OR
Pedroia….
09:$1.5M, 10:$3.5M, 11:$5.5M, 12:$8M, 13:$10M, 14:$10M, 15:$11M club option ($0.5M buyout) 6 years/$40.5M (2009-14), plus 2015 club option
I think the Sox are making out like bandits with Lester
To be clear, Wade’s deal pays him $12.6 million guaranteed over the next four years. During his first five seasons in the big leagues, he will earn the exact same amount as Matt Garza did going year to year, and just under what Billingsley received. It is also the larget guarantee EVER given to a 1+ player in this service class (besting Brett Anderson’s deal). The draw for the club comes in the club options where the team can tie Wade up for $25 million over those three years. Depending on how Wade performs, that could mean a substantial bargain for the club, it could mean a small bargain for the team, or it could mean a wash. In any event, it is a deal that provides Wade with the security he wanted and it gives the team price certainty going forward (plus the potential for an advantageous salary later).
To be clear, Wade’s deal pays him $12.6 million guaranteed over the next four years. During his first five seasons in the big leagues, he will earn the exact same amount as Matt Garza did going year to year, and just under what Billingsley received. It is also the larget guarantee EVER given to a 1+ player in this service class (besting Brett Anderson’s deal). The draw for the club comes in the club options where the team can tie Wade up for $25 million over those three years. Depending on how Wade performs, that could mean a substantial bargain for the club, it could mean a small bargain for the team, or it could mean a wash. In any event, it is a deal that provides Wade with the security he wanted and it gives the team price certainty going forward (plus the potential for an advantageous salary later).
Absolutely genious move by the Rays front office. I give them credit for what they have done with their core players over the years.