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2012 Extension Candidates

Extension Candidate: Tyler Clippard

By Mike Axisa | December 31, 2011 at 8:53am CDT

Icon_6756808The Washington Nationals are clearly a team on the rise, combining a young rotation (Jordan Zimmermann, Stephen Strasburg, Gio Gonzalez) with an improving offense (Ryan Zimmerman, Mike Morse, Danny Espinosa, Wilson Ramos, eventually Bryce Harper) and a solid bullpen. Part of that bullpen is setup man Tyler Clippard, who's been one of the game's best relievers since the Nats moved him to the bullpen full-time in 2009.

Clippard, 27 in February, was acquired from the Yankees for Jonathan Albaladejo in December 2007. A starting pitcher with just a half-dozen big league starts to his credit at the time of the trade, the Nats kept the right-hander in Triple-A for the majority of the 2008 season. He struggled, pitching to a 4.77 ERA with 7.9 K/9 and 4.2 BB/9 in 143 minor league innings that year, making a pair of unspectacular spot starts for Washington in June. The Nationals moved him to the bullpen full-time in 2009, and after a 24-game trial in the minors, he was called up in late-June and has been a bullpen force ever since.

Since that June 2009 call-up, Clippard has pitched to a 2.52 ERA with 10.6 K/9 and 3.7 BB/9. His arm has proven to be resilient after working 91 innings in 2010 (78 appearances) and 88 1/3 innings in 2011 (72 appearances), and his fastball velocity has actually increased the last two years. He also cut his walk rate from 4.3 BB/9 in 2009-2010 to just 2.6 BB/9 in 2011. Clippard's biggest flaw is his utter inability to get ground balls, which makes him homer prone. His 25.6% ground ball rate since the start of 2009 is easily the lowest among all pitchers (min. 200 IP), and his 1.05 HR/9 is the third highest among relievers during that time. He did make his first All-Star team in 2011 despite the long ball problem.

Clippard qualified for Super Two status by just two days of service time this offseason, so he'll be arbitration-eligible four times instead of the usual three. Our system projects him to make $1.7MM in 2012, which puts him in uncharted territory for non-closing relievers. Fellow Super Two relievers like George Sherrill ($900K in 2008), Brandon League ($640K in 2009), Rafael Perez ($795K in 2010), and Nick Masset ($1.035MM in 2010) all received considerably less their first time through arbitration while Brian Wilson ($4.4375MM in 2010) received considerably more thanks to his saves total. Clippard falls somewhere in the middle, an elite setup man without enough saves to pad his salary.

You don't see many teams locking up relievers to long-term contracts that buy out arbitration years for a number of reasons, namely the risk involved. Relievers are more volatile than just about any other position in the game, plus their salaries generally remain affordable through arbitration anyway. Wilson, Masset, Manny Corpas, and Jonathan Broxton all signed multi-year contracts that bought out some (but not all) arbitration years and no free agent years. A similarly structured contract could benefit both the Nationals and Clippard.

A two-year contract in the $4-4.5MM range or a three-year contract around $8MM seasons reasonable, though that is just my speculation. A relatively short-term commitment like that would put some guaranteed money in Clippard's pocket while allowing him to maintain the earning potential of his later arbitration years and free agency. The Nats would get some financial certainty and save a few bucks before he starts approaching closer money through arbitration. Most relievers don't get the luxury of multi-year contracts, but then again Clippard isn't most relievers. Washington is improving every year, and a multi-year deal for their star setup man could help ensure that he's still affordable when they're ready to contend.

Photo courtesy of Icon SMI.

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2012 Extension Candidates Washington Nationals Tyler Clippard

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Extension Candidate: Madison Bumgarner

By Tim Dierkes | December 28, 2011 at 10:06am CDT

The Matt Moore extension showed any young pitcher is a candidate for a multiyear extension, regardless of service time.  Once the Giants gain clarity on the situations of Matt Cain and Tim Lincecum, why not lock up Madison Bumgarner?

Bumgarner

Bumgarner, just 22, quietly became one of the ten best pitchers in the National League this year.  He posted a 3.21 ERA, 8.4 K/9, 2.0 BB/9, 0.53 HR/9, and 46% groundball rate in 204 2/3 innings.  It's possible the best is yet to come, as the lefty posted a 5.8 K/BB ratio over his final 23 starts.

Bumgarner is represented by SFX, the agency that ranks fourth in extensions since 2009 with seven.  Four of those were for starting pitchers Zack Greinke, Ubaldo Jimenez, Justin Verlander, and Clay Buchholz.  The Giants have a GM in Brian Sabean who is open to extensions, so the biggest question may be whether Bumgarner prefers long-term security or maximum year-to-year earnings.  Bumgarner received a $2MM signing bonus as the tenth overall pick in 2007, so he already has some measure of financial security.

Bumgarner has one year and 127 days of Major League service.  Since January of 2008, four pitchers with at least one year of service but less than Bumgarner's 1.127 have signed multiyear extensions: James Shields, Jimenez, Brett Anderson, and Wade Davis.  All signed four-year deals worth $10-12.6MM.  The Rays' Davis and Shields each allowed for three club options, while Anderson and Jimenez have two.  A third Rays starter, Moore, merits a mention in that he signed for more money than any of them, getting a $14MM guarantee with just 17 days of service.  Moore's contract also includes three club options.    

It's easy to see that Bumgarner is more accomplished than Shields, Jimenez, Anderson, and Davis were at the time their extensions were signed.  Bumgarner has a 3.10 career ERA, while the others were all over 4.00.  Anderson and Shields had similar strikeout and walk rates, but Bumgarner hasn't been nearly as homer-prone.  Bumgarner has the most wins, at 20.  Only Shields tops Bumgarner's innings total, a small 14-inning advantage that swings to Bumgarner when postseason innings are included.

If the Giants don't get at least one of Bumgarner's free agent years, an extension probably isn't worth considering for them.  Unless the lefty's extension is to shatter precedents, he'll probably have to accept club options on his third arbitration year and first free agent season.  If I were Bumgarner's agent, I'd be aiming for at least $16MM on a four-year deal.  A big win would be to get his third arbitration year guaranteed, pushing the value to $23-24MM over five years.  That might seem pricey now, but another strong season will push the required guarantee past $30MM.

Photo courtesy of Icon SMI.

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2012 Extension Candidates San Francisco Giants Madison Bumgarner

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Extension Candidate: Cole Hamels

By Ben Nicholson-Smith | December 27, 2011 at 8:38pm CDT

Cole Hamels turns 28 today and by the time he turns 29 there’s a good chance he’ll have signed a new contract — either with the Phillies or as a free agent. The left-hander is one season away from hitting free agency for the first time in his career, so an extension with the Phillies is possible. Hamels has said he’d like to stay in Philadelphia and the Phillies have the need and resources to keep him in place.

Cole Hamels - Phillies

Hamels was born nine months before Matt Cain and drafted eight spots before the Giants right-hander. Both have distinguished themselves from the competition at the Major League level over the course of the past six seasons, but the question of which pitcher is more effective remains unanswered, as this comparison of their career stats shows. 

Cain, the harder thrower, has more innings to his name, more 200 inning seasons and a slight edge in career wins above replacement, according to FanGraphs and Baseball-Reference. Hamels, who has the shinier win-loss record, induces more ground balls and has struck out more hitters per inning while allowing fewer walks.

When MLBTR’s Luke Adams examined a possible extension for Cain two days ago, he pointed out that the going rate for elite arms on long term deals falls in the $20MM per season range. Hamels hasn’t won a Cy Young Award like teammates Cliff Lee and Roy Halladay, so a contract north of $20MM may not be realistic at this point, when only one team — the Phillies — can bid. However, the Phils had the biggest payroll in the National League this past season, so it’s not as though they’ll have to ask Hamels for a hometown discount.

The Giants and Phillies valued Cain and Hamels similarly when they drafted them eight spots apart from one another nearly a decade ago. Even though the two high schoolers have since become some of the game’s best pitchers, their value relative to one another remains similar. A five-year, $100MM contract could work for Hamels and the Phillies, just as it could work for Cain and the Giants. 

MLBTR contributor Matt Swartz estimates a 2012 salary of $14MM for Hamels through arbitration. Four free agent seasons at $20MM per year and a $5MM buyout for an option year would bring the value of a possible deal to the $100MM range. It’s probably less than what Hamels, a John Boggs and Associates client, could obtain on the open market if he delivers another strong season in 2012. But it would provide the left-hander with security and the opportunity to hit free agency again at the age of 32 — the same age Lee was when he signed for $120MM last offseason.

If there's one pitcher who's more comparable to Hamels than Cain, it's Jered Weaver, the Angels right-hander who signed a team-friendly five-year $85MM extension during the 2011 season. Baseball-Reference says Hamels and Weaver are each other's top statistical comparables, which means the Phillies can argue Hamels should earn $17.5MM per free agent season, just as Weaver will. However, Hamels has bargaining power since he's closer to free agency than Weaver was last summer and is starting from a higher 2011 salary. Plus, Hamels is a year younger than Weaver and his resume includes 13 excellent postseason starts and a World Series MVP award.

Hamels’ injury history could give the Phillies pause. He struggled with injuries as a minor leaguer and early in his MLB career, spent time on the 15-day DL this August due to left shoulder inflammation and had a hernia repaired and loose bodies removed from his pitching elbow after the season. To his credit, he has averaged 31 starts and 206 innings since 2007, his first full season in the Phillies' rotation.

While the Phillies might balk at the possibility of a rotation that includes three $20MM pitchers, GM Ruben Amaro Jr. spent upwards of $65MM on Philadelphia’s rotation this past season, proving his willingness to commit to starters. The club won 102 games behind a historically good pitching staff in 2011, so it won’t be a surprise if ownership is willing to spend on future rotations.

Now that the Phillies have addressed most of their offseason needs, the front office can focus on the possibility of an extension for Hamels over the course of the next few months. Don’t be surprised if five years and $100MM works for both sides. If not, Hamels will enter the 2012 season with the chance to become the most coveted pitcher of the 2012-13 offseason.

Photo courtesy Icon SMI.

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2012 Extension Candidates Philadelphia Phillies Cole Hamels

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What The Danks Extension Means For Garza

By Ben Nicholson-Smith | December 27, 2011 at 3:28pm CDT

John Danks and Matt Garza have a lot in common. Both are above-average MLB starters in their late-twenties who were traded early in their careers. They’re arguably the best starting pitchers on Chicago’s two teams, and Baseball-Reference suggests they’re about as statistically analogous as two players can be. 

Matt Garza

As this table shows, Danks and Garza have had remarkably similar careers to date. Their rate stats are comparable and their career win-loss records and innings totals are nearly indistinguishable (Garza has recorded 17 more outs than Danks over the course of their careers). Not surprisingly, the two CAA clients have been linked to one another for years through arbitration.

Danks just signed a five-year $65MM extension, and Garza's agent Nez Balelo no doubt took note, since his client doesn't yet have a long-term deal. Cubs president of baseball operations Theo Epstein says he considers Garza a potential building block, so it's possible the Cubs will discuss an extension if they don't trade Garza this offseason.

Danks has 23 more days of service time than Garza and those three weeks matter a great deal from a contractual standpoint. Unlike Danks, Garza is a super two player. This means the Cubs control his rights for one extra year (through 2013) and means there’s less urgency to extend Garza.

Should the Cubs look to extend Garza, they’ll have more leverage than their cross-town rivals did, since the extra year of control buys Epstein and GM Jed Hoyer time. Garza projects to earn a total of $20MM or more in the next two years and the Cubs may look to buy out an additional two seasons for $14-15MM apiece if they explore a deal. Perhaps a four-year, $52MM deal would work for both sides.

Photo courtesy Icon SMI.

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2012 Extension Candidates Chicago Cubs John Danks Matt Garza

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Extension-Prone Agencies And GMs

By Tim Dierkes | December 27, 2011 at 9:43am CDT

Some agencies are more open to multiyear extensions for their clients than others.  The Boras Corporation is notorious for avoiding such deals.  In the last three years, only Boras clients Carlos Gonzalez and Jered Weaver signed significant extensions, with Prince Fielder and Stephen Drew signing two-year deals covering arbitration years.  Certainly the agency's number of clients will correlate to its volume of extensions, and unfortunately I don't have the complete data needed to give a percentage of clients extended.  Using MLBTR's Transaction Tracker, these agencies have brokered the most extensions since the beginning of 2009:

  • CAA Sports (13)
  • Octagon (9)
  • Beverly Hills Sports Council (8)
  • SFX (7)
  • ACES (6), Praver/Shapiro (6), Sosnick Cobbe (6), Wasserman Media Group (6)
  • Legacy Sports Group (5), LSW Baseball (5), Moye Sports Associates (5)

Most active GMs have authored at least one contract extension since 2009, with exceptions for recent hires Dan Duquette, Ben Cherington, Terry Ryan, Jerry Dipoto, and Jeff Luhnow.  The leaders:

  • Dan O'Dowd/Rockies (10)
  • John Mozeliak/Cardinals (8), Kenny Williams/White Sox (8), Ruben Amaro Jr./Phillies (8)
  • Doug Melvin/Brewers (7)
  • Andrew Friedman/Rays (6), Brian Sabean/Giants (6), Ned Colletti/Dodgers (6), Walt Jocketty/Reds (6), Theo Epstein and Jed Hoyer/Cubs (6)
  • Alex Anthopoulos/Blue Jays (5), Dave Dombrowski/Tigers (5)

White Sox GM Kenny Williams and CAA Sports appear high on both lists, so perhaps John Danks' recent deal shouldn't have been a surprise.  Carlos Quentin is another CAA client.  Ned Colletti, Andre Ethier, and CAA make another good combination.  Also on the CAA front, I wonder if Alex Anthopoulos has broached an extension for Brett Lawrie.  The Cubs' Matt Garza is another name to consider here.

Other combinations of extension-prone agencies and GMs might bode well for Hunter Pence, Shane Victorino, John Axford, Nyjer Morgan, Tim Lincecum, Madison Bumgarner, Melky Cabrera, Jeremy Affeldt, Kelly Johnson, Brandon Morrow, Jason Motte, Brandon Phillips, Delmon Young, Starlin Castro, Geovany Soto, Ryan Dempster, and Philip Humber.  Of course, those who just finished off-years are less likely to be extended now.

Agency and team matchups were found using MLBTR's Agency Database.  For my look at arbitration eligible extension candidates, click here.

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2012 Extension Candidates

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Arbitration Eligible Extension Candidates

By Tim Dierkes | December 27, 2011 at 8:16am CDT

From Matt Moore to Chris Carpenter, extensions for players not eligible for arbitration happen all the time.  More commonly, though, arbitration eligible players are locked up to multiyear deals in January or February.  176 players are eligible for arbitration this offseason.  Of those, Matt Kemp, John Danks, Skip Schumaker, and Tony Gwynn Jr., have signed multiyear deals, 19 more have signed for 2012, and Landon Powell was designated for assignment.  Those on one-year deals can still potentially sign multiyear pacts, so the field of arbitration eligible extension candidates is large and merits narrowing to about 50 players.  My possibilities for multiyear deals:

  • Catchers: Mike Napoli (Rangers), Russell Martin (Yankees), Miguel Montero (Diamondbacks), Nick Hundley (Padres)
  • First basemen: Michael Morse (Nationals)
  • Second basemen: Howie Kendrick (Angels)     
  • Shortstops: Asdrubal Cabrera (Indians), Erick Aybar (Angels), Elvis Andrus (Rangers)
  • Third basemen: Pablo Sandoval (Giants), Chase Headley (Padres)
  • Outfielders: Hunter Pence (Phillies), Andre Ethier (Dodgers), Jacoby Ellsbury (Red Sox), B.J. Upton (Rays), Michael Bourn (Braves), Carlos Quentin (White Sox), Adam Jones (Orioles), Nelson Cruz (Rangers), Alex Gordon (Royals), Shin-Soo Choo (Indians), Brett Gardner (Yankees), Dexter Fowler (Rockies)
  • Starting pitchers: Tim Lincecum (Giants), Cole Hamels (Phillies), Matt Garza (Cubs), Clayton Kershaw (Dodgers), Jeremy Guthrie (Orioles), David Price (Rays), Shaun Marcum (Brewers), Anibal Sanchez (Marlins), Jair Jurrjens (Braves), Jason Vargas (Mariners), Gio Gonzalez (Nationals), Brandon Morrow (Blue Jays), Max Scherzer (Tigers), Justin Masterson (Indians), Brandon McCarthy (Athletics), Tim Stauffer (Padres), Ryan Vogelsong (Giants), Jordan Zimmermann (Nationals)
  • Relievers: Mike Adams (Rangers), Brandon League (Mariners), Joel Hanrahan (Pirates), Andrew Bailey (Athletics), Tyler Clippard (Nationals), Daniel Bard (Red Sox), Glen Perkins (Twins), David Robertson (Yankees), Sergio Romo (Giants)

Some of these players, such as Upton and Garza, are more likely to be traded than extended, but the Danks extension showed anything is possible.  Also, arbitration eligible clients of the Boras Corporation shy away from extensions, and Andrus, Bourn, Choo, Ellsbury, Fowler, Jurrjens, and Scherzer are part of that group. 

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2012 Extension Candidates

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Extension Candidate: Matt Joyce

By Mike Axisa | December 26, 2011 at 9:22pm CDT

Icon_7570143When it comes to signing young players to long-term contract extensions, no team has been as aggressive as the Rays in recent years. Left-hander Matt Moore became the latest to cash in when he signed a five-year, $14MM contract earlier this month despite having just 17 days of service time to his credit. Evan Longoria, James Shields, Ben Zobrist, and Wade Davis are also signed to similar contracts, and next in line could be outfielder Matt Joyce.

Joyce, 27, was acquired from the Tigers for Edwin Jackson three winters ago. The 2011 season was the first time he spent a full season in the Majors, and he rewarded the Rays by making the AL All-Star Team and hitting .277/.347/.478 with 19 homers and 13 steals. In 1,097 career plate appearances spread across 321 games (three games shy of two full seasons), Joyce is a .259/.345/.482 hitter with 64 doubles and 44 homers. The advanced metrics rate his corner outfield defense as a touch better than average.

Back in October, Tommy Rancel of ESPN Florida suggested that Zobrist's contract – four years, $18MM with two club options – could serve as a blueprint for a Joyce extension. Zobrist signed that deal one year before he was due to become arbitration-eligible, which is where Joyce is now. Zobrist was coming off an MVP caliber season (.297/.405/.543 with 27 homers) at the time though, and he offered much more defensive versatility. As a switch-hitter, he also didn't have the same platoon problem as Joyce, a left-handed bat with a .196/.280/.322 career line against southpaws. The blueprint could work, but the dollar figures will need some tweaking.

Unlike his teammates, Joyce could offer the club a true hometown discount since he grew up in the Tampa area. He also didn't receive a huge signing bonus as a 12th round pick in 2005, so getting some financial security at age 27 could be more appealing to him than most. The Rays love club options, so expect any deal with Joyce to contain a few of them, perhaps even as many as three. The Rays lost Carl Crawford to free agency last offseason and could lose B.J. Upton next offseason, but Joyce and fellow extension candidate Desmond Jennings form a solid outfield core going forward. One way or the other, Tampa controls the duo's contractual rights through 2015.

Photo courtesy of Icon SMI.

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2012 Extension Candidates Tampa Bay Rays Matt Joyce

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Extension Candidate: Matt Cain

By Luke Adams 2 | December 25, 2011 at 12:57pm CDT

Heading into this offseason, pundits seemed unable to agree whether C.J. Wilson or Yu Darvish was the most desirable pitcher available to MLB teams. While a case could be made for either hurler, they likely would've been battling for second place had Giants right-hander Matt Cain not signed a contract extension delaying his free agency by a year. Prior to the 2010 season, Cain and the Giants agreed to a three-year, $27.25MM deal that will make him a free agent after 2012, rather than 2011.

The extension, Cain's second with the team, has worked out splendidly for San Francisco. The 27-year-old enjoyed arguably his best two seasons in 2010 and 2011, earning Cy Young votes for the first time while posting a 3.01 ERA, 7.2 K/9, and just 2.5 BB/9 in 66 starts. Cain will make $15MM in 2012, but if the Giants hope to keep him past next year, they'll have to commit significantly more money than that.

Icon_13258478Earlier this month, Andrew Baggarly of the San Jose Mercury News reported that the Giants figure to be aggressive in their attempts to lock up Cain before Spring Training. The club has also been said to prefer extensions of about four years, so what would a long-term deal for Cain look like?

The going rate for elite arms suggests Cain could aim for $20MM+ annually on a long-term deal on the open market if he pitches well again in 2012. Baggarly spoke to an executive who thought the Landon Williams client could land a $150MM deal as a free agent, and while that prediction may be a little bullish, it's not out of the realm of possibility. Cain will turn just 28 as the 2012 season ends, and recent marquee free agents like Cliff Lee and C.C. Sabathia signed for annual average values of about $23-24MM. Meanwhile, pitchers that signed extensions with their current teams, such as Justin Verlander, Felix Hernandez, and Roy Halladay, will make about $20MM for most of their free agent years. Although Cain may not quite be in the same company of those Cy Young winners, he certainly has a stronger track record than Wilson, whose new contract exceeds $15MM in annual average value and reportedly wasn't even his largest offer.

If we assume the Giants can get Cain to agree to a four-year deal, not including 2012, they could be looking at a commitment in the neighborhood of $100MM over the next five years — $15MM for 2012, $20MM each for the next four, and maybe a $5MM buyout on a 2017 option. Cain has played it relatively safe with his previous contract extensions, so perhaps he'd pass up a chance at the open market to remain with the Giants long-term at that price.

What remains to be seen, however, is whether the Giants even be willing to offer such a contract. Barry Zito still has $46MM remaining on his seven-year deal, Madison Bumgarner's cost will soon increase significantly (potentially next winter as a Super Two), and most importantly, the Giants would like to lock up two-time Cy Young winner Tim Lincecum, who could soon become the most expensive of all their starters. Given the club's struggles to produce offensively in recent years, it may not be viable to tie up so much money in the starting rotation.

In his previously linked piece, Baggarly wrote that there's a "feeling around the league" San Francisco will have to part with either Cain or Lincecum at some point, rather than keeping both on long-term deals. If that's the case, perhaps the Giants will tip their hand before the season begins — each of Cain's past two extensions were inked in March, before Opening Day.

Photo courtesy of Icon SMI.

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2012 Extension Candidates San Francisco Giants Matt Cain

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Extension Candidate: Desmond Jennings

By Mike Axisa | September 3, 2011 at 10:38am CDT

357110821404_Mariners_at_Rays At the moment, the AL Rookie of the Year race seems to be wide open. Right-handers Michael Pineda, Ivan Nova, Jordan Walden and Jeremy Hellickson all deserve consideration, as do AL West hitters Mark Trumbo and Dustin Ackley. There was a late addition to the Rookie of the Year race though, and that's Rays outfielder Desmond Jennings.

Tampa did not call up the 24-year-old Jennings until late-July, but since arriving he's been one of the very best hitters in baseball. Not just among rookies either, among all players. His batting line sits at .324/.419/.581 in 175 plate appearances, and since coming up he ranks ninth in MLB in OBP, 18th in SLG, 24th in homers (eight), and first in stolen bases (14). FanGraphs places Jennings' value at 2.2 wins above replacement already, which is fourth most among all rookie position players even though he's come to the plate at least 101 fewer times than the three players ahead of him (Danny Espinosa, Ackley, and Wilson Ramos).

Jennings did receive a September call-up last year and it's not hard to connect the dots and suggest that his promotion in 2011 was delayed due to service time. He will finish the season with less than one full year of service time, which isn't exactly when teams start handing out extensions. The Rays have set a bit of a precedent though, famously inking Evan Longoria to a six-year, $17.5MM contract after just six days in the big leagues. James Shields was barely over one year of service time when he signed his four-year, $11.25MM contract. Tampa has shown a willingness to take on risk in exchange for cost control of their best young players, making Jennings a prime extension candidate.

The recent Jose Tabata extension gives us a great idea of the market value for a young outfielder with approximately a year of service time. The Pirates gave their 23-year-old outfielder six years and $15MM guaranteed, though three club options could push the total value of the package to $37.25MM. The Rays love getting those club option years as well; both Longoria's and Shields' contracts contain three option years each while Ben Zobrist's deal includes two. Tabata is just about two years younger than Jennings and his big league sample is much larger (815 PA vs. 199 PA), but he hasn't hit as much as the Tampa outfielder (.286/.349/.385 career) and UZR doesn't like his defense as much either. There's not much of a point in comparing the two players statistically given how long they've been in the show, but remember that teams are paying for what they expect in future, not what they've gotten in the past.

One legitimate reason not to give Jennings a long-term contract is his durability, or lack thereof. He missed the final month of the 2007 season due to knee surgery, played in just 24 games in 2008 due to back and shoulder troubles (surgery on the shoulder), and then battled a wrist issue in 2010. The Rays can't afford to miss on a long-term contract extension, so they'll need to feel confident in his ability to stay on the field before deciding to take the plunge. Baseball America thinks enough of Jennings' talent that they ranked him as the 22nd best prospect in baseball before the season despite those injury concerns, the fourth consecutive year he's earned a spot on their top 100 prospects list. It's also worth noting that Jennings is a Scott Boras client.

It seems likely that Tampa will part ways B.J. Upton at some point within the next year, at which point Jennings will just slide over to center field. They're guaranteed to have him at a salary close to the league minimum for at least another two seasons thanks to the pre-arbitration rules, but it's not out of the question that the Rays may decide to lock Jennings in at a below-market rate before that transition occurs.

Photo courtesy of Icon SMI.

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2012 Extension Candidates Tampa Bay Rays Desmond Jennings

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Extension Candidate: Ian Kennedy

By Mike Axisa | July 7, 2011 at 10:04pm CDT

357100626169_Diamondbacks_at_Rays It's not often that we see a trade where both sides end up happy, so a three-team trade where all parties end up pleased with their end are rare. A year and a half later, I think it's safe to the say the Diamondbacks, Tigers, and Yankees are all happy with their haul from last winter's Curtis Granderson–Max Scherzer–Ian Kennedy–Edwin Jackson (plus others) swap. Many questioned Arizona's motives behind the trade, but as Joe Pawlikowski of FanGraphs recently explained, it's the deal that keeps on giving for them.

Kennedy was everything the Diamondbacks could have hoped for in the first year after the trade, giving them 32 starts and 194 innings with a 3.80 ERA last season. His peripheral stats were strong as well: 7.79 K/9, 3.25 BB/9, 4.33 FIP, and 2.4 wins above replacement. Kennedy's second year in Arizona has gone even better; his 3.38 ERA is supported by a 3.50 FIP, and he's maintained a similar strikeout rate (7.58 K/9) while lowering his walk rate (2.35 BB/9) and increasing his ground ball rate (40.5%). After just 112 1/3 innings, he's already provided his team 2.3 wins above replacement.

Let's compare Kennedy to one of his peers at a similar point of their career…

Kennedy-romero
Romero signed a five-year contract worth $30.1MM last August, a deal that also includes an option for a sixth year. It bought out his last remaining pre-arbitration year, all three arbitration-eligible seasons, and at least one free agent season. The Diamondbacks have Kennedy under team control through 2015, and he won't be eligible for arbitration until the 2013 season. A five-year deal would buy out the same years of his career as Romero's deal, and it would still allow Kennedy to hit the free agent market at age 31, young enough to land one more big contract.

It's worth mentioning that both Yovani Gallardo and Jon Lester received similar five-year contracts worth $30MM or so, the kind of deal Kennedy has set himself up for when you adjust for inflation. There's no pressure on the D'Backs to sign their young right-hander to a long-term deal now, but doing so could save the team some major bucks down the line.

Photo courtesy of Icon SMI.

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2012 Extension Candidates Arizona Diamondbacks Ian Kennedy

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