Verlander and Posey Sign Extensions

Justin Verlander has agreed to a 5 year $140 million extension (which is added onto the 2 years and $40 million he had remaining on his former contract) with the Tigers, that will make him the highest paid pitcher in baseball. Buster Posey also agreed to an extension with the Giants, which will pay him $169 million over the next 9 years.

This is a clear sign of two things...

1. Free Agency is going to get worse and worse, as teams lock up elite players before they even have a chance to be snatched up by another team.

2. The Yankees should throw their old "we don't negotiate extensions" policy completely out the window. Not only have they already broken that policy in the past, but allowing somebody like Robinson Cano or Phil Hughes to reach free agency could make their price go through the roof. If they are two of the best on the market at their respective positions, then there will be plenty of teams with enough money to drive their price way up (*cough*Dodgers*cough*).