Reaction To Ryan Braun’s Extension

The Brewers already had Ryan Braun under contract through 2015, but they doubled their commitment to their star outfielder today by signing him to a five-year, $105MM extension that will keep Braun in Milwaukee through the 2020 season.  The length and timing of the extension has already generated a lot of reaction from the baseball media.  To wit…

  • The extension is "a mistake," writes Dan Szymborski for ESPN.com (Insider subscription required), since Braun will be on the decline by the time his extension begins in his age 31 season.
  • Danny Knobler of CBSSports.com thinks the club "could have waited a year or two to extend" Braun and feels the extension is risky.  However, Knobler noted that mid-market teams like Milwaukee and Colorado (who signed Troy Tulowitzki to a similarly lengthy extension in November) face a risk in letting star players even approach free agency, citing Albert Pujols and the Cardinals as an example.  Knobler has a point — had St. Louis signed Pujols to a five-year, $105MM extension covering 2012-2017 after, say, the 2006 season, the Cards would look like geniuses right now.
  • Also in reference to the Tulowitzki contract, Fangraphs' Joe Pawlikowski notes that the Brewers, like the Rockies did in November, are betting on significant contract inflation in baseball over the next decade.
  • The overwhelming consensus from almost every writer is that Braun's extension solidifies the fact that the Brewers won't try to re-sign Prince Fielder this winter.  Milwaukee GM Doug Melvin, however, says that Braun's deal won't have much effect on what the Brewers may or may not do with Fielder, reports MLB.com's Adam McCalvy.

Brewers Extend Ryan Braun Through 2020

The Brewers extended left fielder Ryan Braun through the 2020 season, the team announced.  The extension is for five years and $105MM, tweets CAA Sports, while MLB.com's Adam McCalvy has the year-by-year breakdown.  The contract includes a mutual option for 2021 worth up to $20MM with a $4MM buyout.  McCalvy notes that the deal includes a $10MM signing bonus, a no-trade provision, and some deferred salary.  The deferrals were key to the deal, CAA agent Nez Balelo told McCalvy.

Braun was already under contract through 2015 on a precedent-setting dealAs I noted on Monday, the Rockies' Troy Tulowitzki is the only other player under contract through the 2020 season.  Braun and Tulo were drafted fifth and seventh overall in 2005, respectively, and both tacked monster extensions on top of their old team-friendly contracts in 2011.  Like Tulo's deal, Braun's contract actually takes a dip in salary toward the end.  My biggest concern with Tulo's deal was the difficulty in projecting injury risk rather than performance decline.  Braun seems a safer bet than Tulowitzki to remain healthy, though Braun signed his contract even further away from free agency and does not play a premium position.

Braun's new contract represents the largest contract in Brewers history, as did his previous $45MM deal.  His agency notes the $21MM average annual value on the new extension is the second-highest ever for an outfielder, ranking behind only Manny Ramirez's $22.5MM AAV on his last Dodgers deal.  Among all position players, Adrian Gonzalez, Mark Teixeira, Joe Mauer, Ryan Howard, and Alex Rodriguez also have higher AAVs.

Braun will turn 37 shortly after his contract ends, so he may be a Brewer for his entire career, notes Balelo.  Braun's career batting line so far: .308/.367/.557 with 133 home runs in 2627 plate appearances.  This is likely his final season playing alongside the Brewers' other superstar slugger, Prince Fielder, who will be eligible for free agency.

Ryan Braun Content With Contract

Early on in the 2008 season, the Brewers and Ryan Braun reached agreement on an eight-year, $45MM extension.  In the past three years, the 27-year-old has more than lived up to his end of the pact, hitting .303/.363/.535.  While some Brewers fans might worry that the outfielder will become unhappy with his contract that seems to favor the club, Braun has put those worries to rest, writes Adam McCalvy of MLB.com.

"I get it, but it's a non-issue," the three-time All-Star said. "I pay attention to what goes on around the game, obviously, but I'm happy for all of those guys. I agreed to a deal three years ago that goes five [more] years, and I'm excited and honored to be here."

One of "those guys" was Rockies shortstop Troy Tulowitzki, who agreed to an extension that will provide him with just under $158MM through 2020.  It's hard not to draw comparisons between the two as they were separated by just two picks in the 2005 Draft – Braun went to Milwaukee at No. 5 and Tulowitzki to the Rockies at No. 7.  Despite the disparity in contracts, Braun insists that he's not jealous of the star shortstop's paycheck.

As McCalvy points out, Braun's deal is still the richest guaranteed deal in Brewers history. It could be surpassed by Rickie Weeks' five-year, $50MM extension, but that deal can be voided in the final year if he is not a regular in 2013 and 2014.

Rosenthal On Brewers, Doubront, Marlins, Barmes

In case there was any doubt, Ken Rosenthal of FOX Sports reports that the Brewers aren't going to trade Ryan Braun. However, the Brewers are open to trading any of their other top hitters for rotation help. That means Rickie Weeks, Casey McGehee and, of course, Prince Fielder would be available in the right deal. Here are the details and the rest of Rosenthal's rumors:

  • The Brewers don't want to trade top players for back-of-the-rotation starters, but teams are reluctant to include top young pitchers in potential deals.
  • The Padres have spoken repeatedly to the Brewers about minor league infielder Brett Lawrie, who could be obtained for young pitching.
  • Adrian Gonzalez is still drawing trade interest, even though he won't be ready to swing a bat until the end of Spring Training.
  • Two GMs tell Rosenthal that the Red Sox are open to trading Felix Doubront. One says Boston would part with the left-hander "in a heartbeat" and the other guaranteed the Red Sox will trade him by mid-summer. Red Sox GM Theo Epstein told Rosenthal that the Red Sox "value Felix tremendously" and that the report "couldn't be further from the truth."
  • Every young Orioles pitcher "could be in play for the right bat," Rosenthal reports. 
  • If the Marlins trade Dan Uggla, they would use the savings to sign at least one free agent. John Buck is a target for the Marlins regardless of whether they trade or extend Uggla.
  • The A's don't have interest in Mark Reynolds.
  • The Rockies are drawing lots of interest in Clint Barmes. They could trade or non-tender the infielder if they aren't able to sign him to a multi-year contract.
  • Cody Ross and Javier Lopez are strong candidates to receive extensions from the Giants.

Odds & Ends: Brewers, Red Sox, Werth, Gonzalez

Exactly one year ago, the Marlins signed Brendan Donnelly and the A's traded for Scott Hairston. Here are some links to check out today…

2005 Draft Throwdown

While dreams are coming true for hundreds of high school and college players this week, let's compare the paths of some 2005 first round draft picks. Nothing is more interesting than seeing how teams did choosing players at the same position. In a draft, it is the closest teams come to the thrill of victory, the agony of defeat. Meanwhile, those lists haunt fans' memories for years to come.

  • Ryan Zimmerman (Nationals) vs. Ryan Braun (Brewers): This battle between Zimmerman, picked fourth, and Braun, picked fifth, was to be a test of hot corner prowess. But while Zimmerman has excelled at the position, winning a Gold Glove in 2009 and grading well under more advanced defensive metrics, Braun settled in left field after proving to be a disastrous fielder at third base. So far, Braun has a .931 to .836 edge in OPS, but with Zimmerman putting up an .888 in 2009 and at .986 so far in 2010, that gap may well have disappeared. Moving forward, the edge goes to Zimmerman, a terrific hitter, though a notch below Braun, but a far more valuable defensive player. Both teams won here, though.
  • Cameron Maybin (Tigers) vs. Andrew McCutchen (Pirates): These high school center fielders went back-to-back, with Maybin going tenth and McCutchen going 11th. The early returns suggest that the Tigers made a poor choice here, though they ultimately packaged Maybin in a deal for Miguel Cabrera, so they're not exactly complaining. McCutchen has hit since he arrived in Pittsburgh last season, and a 23-year-old with an .847 OPS in his first 733 major league plate appearances stands an awfully good chance of being an elite player for years to come. Maybin is still immensely talented, and could turn into a star- but McCutchen already is one. Pirates win- how often do you get to read that?
  • Craig Hansen (Red Sox) vs. Joey Devine (Braves): This throwdown is a lesson in the perils of college pitchers. They seem like sure things, compared to high schoolers, and from the start, the Red Sox and Braves thought they had their ninth-innings mapped out for years to come. Hansen, drafted 26th out of St. John's, has yet to find command at the major league level, with 63 walks against 70 strikeouts in 93.2 innings. The right-hander was one of the moving parts in the three-team deal that sent Manny Ramirez to Los Angeles. Hansen's troubles were baffling, until the discovery of a degenerative nerve condition that has his career in doubt. Devine, chosen 27th, got traded to Oakland for Mark Kotsay, so Atlanta didn't benefit much from choosing him, either. The Athletics got a fantastic 2008 out of Devine- a 0.59 ERA in 45.2 innings with 49 strikeouts. Tommy John surgery kept him out for 2009, but he is currently on track to return to Oakland by the end of June. Winner here? Clearly, the Athletics.

Largest Contracts In Team History

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.

Thanks to Cot's Baseball Contracts for the info.

Largest Contracts By Service Time

When Brewers ace Yovani Gallardo signed his five year, $30.1MM extension earlier today, it marked the largest contract ever signed by a pitcher with less than three years of service time.

Let's look at the richest contracts by service time, in terms of guaranteed money…

Less Than One Year
Position Player: Ryan Braun. Eight years, $45MM
Pitcher: C.C. Sabathia. Four years, $9.5MM.

One To Two Years
Position Player: Chris Young. Five years, $28MM.
Pitcher: Fausto Carmona. Four years, $15MM.

Two To Three Years
Position Player: Hanley Ramirez. Six years, $70MM.
Pitcher: Yovani Gallardo.  Five years, $30.1MM.

Three To Four Years
Position Player: Albert Pujols. Seven years, $100MM. 
Pitcher: Scott Kazmir. Three years, $28.5MM.

Four To Five Years
Position Player: Miguel Cabrera. Eight years, $152.3MM.
Pitcher: Justin Verlander. Five years, $80MM.

Five To Six Years
Position Player: Derek Jeter. Ten years, $189MM.
Pitcher: Jake Peavy. Three years, $52MM. 

Six-plus Years
Position Player: Alex Rodriguez. Ten years, $275MM.
Pitcher: C.C. Sabathia. Seven years, $171MM.

Some thoughts…

  • 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.

Odds & Ends: Braun, Reds, Marlins, Washburn

A few more Friday links for your browsing pleasure…

Pirates Notes: Vazquez, Tabata, Alvarez

Let's check out some Pirates-related tidbits courtesy of MLB.com's Jenifer Langosch..

  • With Ramon Vazquez on the trading block, Langosch stresses that any talk of him being Texas-bound is merely conjecture at this point.  Furthermore, if they do move him, they are unlikely to get much back and may have to eat some of his $2MM salary.  However, Pittsburgh might be willing to move the 33-year-old for next to nothing.
  • One reader asks if the Pirates are considering locking up their young prospects, like Milwaukee did with Ryan Braun or like Tampa Bay did with Evan Longoria.  Langosch says that the Pirates will wait until players like Jose Tabata, Brad Lincoln, and Pedro Alvarez establish themselves in the majors to open up discussions.
  • Speaking of Alvarez, Langosch expects the Pirates to hold off on bringing him up to the big leagues.  Pittsburgh delayed Andrew McCutchen's promotion last season in order to give him more seasoning in the minors and, in all likelihood, to extend his time under team control.
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