Showing posts with label bad contracts. Show all posts
Showing posts with label bad contracts. Show all posts

Monday, January 12, 2015

ICYMI: Should MLB Eliminate Guaranteed Contracts?

"That's right, ladies. I'm awesome."

TGP commenter Jeff Levin is having a pretty good week.
http://www.thegreedypinstripes.com/2015/01/should-mlb-eliminate-guaranteed.html

On Sunday Daniel posted an article covering a conversation he and Jeff had in the comment section of a previous article. Here we are today, and it's my turn to bring up a quick conversation that Jeff and I had on Monday in another comment section.

Mr. Levin felt that it wasn't right that players in Major League Baseball had guaranteed contracts. Why should Alex Rodriguez get paid all $61 million left on his contract after admitting to steroid use, having two hip surgeries, and producing at replacement level when he has played recently*?

* I wanted to be fair and point out that while ARod hasn't played like he did in 2007, his triple-slash of .265/.352/.428 with 25 home runs in 710 plate appearances between 2012 and 2013 is better than "replacement level".

Jeff didn't mean to just pick on Alex, as he did mention others that haven't lived up to their contracts like Josh Hamilton, Prince Fielder, Carl Crawford, and Barry Zito. No matter who he did or didn't bring up, or whether you feel they did or didn't live up to their contracts, Jeff brings up a very good point. Especially when you see players in the National Football League get cut and lose money all the time.

While the chances of teams being able to cut players without paying them the money left on their contracts are as good as a salary cap being implemented in MLB, that doesn't mean it's pointless to talk about.

Okay... maybe it is pointless. But why not do it anyway? It's not like you have something better to do than read about baseball. Am I right?

I agree that teams should be able to cut players based on under-performing, being convicted of a crime, or failing a drug test (and probably a few other things, but I'll let you discuss that below). But I don't agree that those players should lose every cent owed to them. At least not in every case. I mean, if a players is convicted of rape or murder, then MLB should totally cut ties with the player and not pay him another penny.

But if a player goes from finishing in the top five of Cy Young Award voting for three straight years from 2009 to 2011, to having a combined ERA of 4.87 from 2013 to 2014, then perhaps their team shouldn't be on the hook for all $73 million left remaining on his contract (assuming his option for 2017 vests).

"Wait a second..."

Let's keep going with the case of CC Sabathia. There could be a clause in his contract stating that if his ERA rose above 4.50 for at least two straight seasons, the Yankees could cut him and only have to pay him 50% of the money remaining on his contract. In Sabathia's case you have a vesting option to deal with, and my thought would be that it would be considered guaranteed. Therefore, the Yankees could cut CC now and only have to pay him $36.5 million instead of the $73 million still remaining (again... assuming the vesting option is guaranteed).

Of course, CC's high ERA could be due to injury, meaning the reason for cutting him may have to be different, but you should understand where I'm coming from.

This could all just be more Yankees fans crying about having to pay big money to under-performing players that make a ton of money like Rodriguez, Sabathia, and Mark Teixeira. But I don't think you can totally dismiss this idea, either.

Oh, and one last thing, regarding the first picture in this article... I doubt Jeff looks like Neil Patrick Harris.

Thursday, January 8, 2015

Should MLB Eliminate Guaranteed Contracts?

TGP commenter Jeff Levin is having a pretty good week.

"That's right, ladies. I'm awesome."

On Sunday Daniel posted an article covering a conversation he and Jeff had in the comment section of a previous article. Here we are today, and it's my turn to bring up a quick conversation that Jeff and I had on Monday in another comment section.

Mr. Levin felt that it wasn't right that players in Major League Baseball had guaranteed contracts. Why should Alex Rodriguez get paid all $61 million left on his contract after admitting to steroid use, having two hip surgeries, and producing at replacement level when he has played recently*?

* I wanted to be fair and point out that while ARod hasn't played like he did in 2007, his triple-slash of .265/.352/.428 with 25 home runs in 710 plate appearances between 2012 and 2013 is better than "replacement level".

Jeff didn't mean to just pick on Alex, as he did mention others that haven't lived up to their contracts like Josh Hamilton, Prince Fielder, Carl Crawford, and Barry Zito. No matter who he did or didn't bring up, or whether you feel they did or didn't live up to their contracts, Jeff brings up a very good point. Especially when you see players in the National Football League get cut and lose money all the time.

While the chances of teams being able to cut players without paying them the money left on their contracts are as good as a salary cap being implemented in MLB, that doesn't mean it's pointless to talk about.

Okay... maybe it is pointless. But why not do it anyway? It's not like you have something better to do than read about baseball. Am I right?

I agree that teams should be able to cut players based on under-performing, being convicted of a crime, or failing a drug test (and probably a few other things, but I'll let you discuss that below). But I don't agree that those players should lose every cent owed to them. At least not in every case. I mean, if a players is convicted of rape or murder, then MLB should totally cut ties with the player and not pay him another penny.

But if a player goes from finishing in the top five of Cy Young Award voting for three straight years from 2009 to 2011, to having a combined ERA of 4.87 from 2013 to 2014, then perhaps their team shouldn't be on the hook for all $73 million left remaining on his contract (assuming his option for 2017 vests).

"Wait a second..."

Let's keep going with the case of CC Sabathia. There could be a clause in his contract stating that if his ERA rose above 4.50 for at least two straight seasons, the Yankees could cut him and only have to pay him 50% of the money remaining on his contract. In Sabathia's case you have a vesting option to deal with, and my thought would be that it would be considered guaranteed. Therefore, the Yankees could cut CC now and only have to pay him $36.5 million instead of the $73 million still remaining (again... assuming the vesting option is guaranteed).

Of course, CC's high ERA could be due to injury, meaning the reason for cutting him may have to be different, but you should understand where I'm coming from.

This could all just be more Yankees fans crying about having to pay big money to under-performing players that make a ton of money like Rodriguez, Sabathia, and Mark Teixeira. But I don't think you can totally dismiss this idea, either.

Oh, and one last thing, regarding the first picture in this article... I doubt Jeff looks like Neil Patrick Harris.

Wednesday, December 31, 2014

Top 5 Worst Yankees Free Agent Contracts Ever


It's the final day of 2014 so let's take a quick look at the worst free agent signings for the Yankees ever:

5. Jose Contreras - 4 years $32 million

He was no "El Duque" and was signed in 2003 and traded in 2004 for Esteban freaking Loaiza. Come on.

4. Kei Igawa - 5 years $20 million



3. Ed Whitson - 5 years $4.5 million

Whitson had ugly ERA numbers for his year and a half in New York, broke Billy Martin's arm in 1985 and received death threats from Yankees fans due to his poor performance.

2. Carl Pavano - 4 years $39.95 million

Four years and roughly $40 million for 26 starts and a 0.4 WAR

1. Alex Rodriguez -10 years $252.87 million plus incentives ($320 million cap)

Enough said.

Honorable mentions:

Dave Collins - 3 years $2.47 million
Spike Owen - 3 years $7 million
Pascual Perez - 3 years $5.7 million

Friday, July 4, 2014

I've Got Til 5! - Spending Woes

Not too long ago I was way into contracts. I would constantly write about players' contacts and the Luxury Tax. I don't know if it got too depressing, or if I was just bored of the whole subject, but I eventually stopped caring so much about money and just looked at what the Yankees should do in order to win.

Although it seemed silly to sign a soon-to-be 37 year-old to a three year contact, as long as the Yankees had a better chance of winning, I didn't care... do it. If the team had to eat a lot of money later then so be it.

That doesn't mean I wanted spending to get ridiculous, but when you think about the fact that the Yankees are worth over $2 billion, a few extra million in order to contend for just one season sounded like a pretty good trade-off to me.

But I couldn't help thinking about the money some players are making this season, compared to their contributions to the team. On top of that, the Yankees seem to get more out of those that are making less. So I decided to take a look, and the results are kind of sad...

The kiss between Wall-E and Eve was more of a happy-sad thing. I'm thinking more sad-sad. But in each case tears come to my eyes.

1. Brett Gardner has an OPS+ of 119, which is 2nd to Mark Teixeira's 124. At the same time, Brett will make $5.6 million, which is only the 11th most on the team.

2. CC Sabathia will make $23 million this season, which means he's made approximately $11.5 million so far. However, CC has only been worth $1.1 million in 2014. Talk about taking a loss.

3. While David Robertson, Matt Thornton, and Shawn Kelley will make a combined $10.39 million in 2014, the reliever with the highest WAR on the Yankees... Dellin Betances... will only make $504,100.

"'Only?' Really? At my current job, it would take me approximately 20 years to make that much."

4. Carlos Beltran is batting .222, which is the lowest among Yankee regulars. That .222 average includes 49 hits. Seeing as how he's made about $7.5 million this season, that works out to $153,061.22 per hit.

5. Alfonso Soriano has an OPS+ of 71, which is the lowest among Yankees players with at least 30 plate appearances. At the same time, Alfonso will make $19 million this season.

Not too long ago haters used to complain that the Yankees just bought championships. Those five things above, along with some other stuff (*cough*ARod*cough*), has pretty much killed off that idea.

Before I go, I'll leave you guys with a little bonus...

Even though Alex Rodriguez was suspended for the entire 2014 season, he will still make $3,155,738. Which is more than Kelly Johnson, Brian Roberts, Brendan Ryan, Shawn Kelley, and 23 more players that are or were on the Yankees' 40-man roster.

Tuesday, June 25, 2013

Is handicapping the payroll again worth keeping Cano?

robinson-cano2Amazingly, the Yankees are nearing the halfway point in the season. Yes, the All-Star break is next month, but their 81st game of the campaign will be played at the beginning of next week.

The team is in an unusual situation to say the least. Though only trailing the Red Sox by one game in the loss column, the Yanks have struggled mightily over the past few weeks. Since the Subway Series when they were swept aside by the Mets, there hasn’t been any showing of the hope and promise that the year once had back in April.

Sure, no one could have foreseen Curtis Granderson, Kevin Youkilis, and Mark Teixeira all going back on the disabled list days after they came off of it, but the fact remains the offense is anemic, only recently beginning to score north of a couple runs a game.

Brett Gardner has been the one keeping the lineup from turning Astro-nomically bad, currently hitting .285 with 28 RBI and 42 runs scored. That may surprise you since the Yankees have an even better hitter playing everyday in second baseman Robinson Cano, but to say he has had a good season [considering his pure talent and expectations of having a big contract year] would be wrong.

Robbie got off to a torrid start in April, hitting .327. Since then, he has hit .257 in May and .229 so far in June, failing to come up with the big hits when needed. He’s been seen swinging out of his shoes on some occasions, striking out and swinging at pitches that no .300 career hitter would.

The argument certainly can be made that with the replacement-level players that surround Cano in the lineup, he is not getting any good pitches to hit. I mean, who in their right mind would pitch to him when you have Lyle Overbay or Thomas Neal on deck? But at some point, Cano has to make the adjustment to focus on making contact with the ball and getting on base, rather than smashing a game-winning home run. With the superstar status he’s gained over the past few seasons along with the pressure he must be under to perform every night, it’s understandable, but ultimately unacceptable.

That’s why it concerns me when the Yankees seem willing to hand out a lucrative long-term contract to this guy. Right now they are far apart on negotiations, but all signs point to Robbie eventually inking a deal worth at least $150 million over six, seven, eight or even more years. And to see the way he’s performed this year when for the first time he truly is the sole bright spot in the lineup, it’s concerning.

Don’t get me wrong, I absolutely think Robinson Cano is a top-five MLB player when he is playing up to his potential. He’s certainly the best second baseman in the game and will be for a while. Unlike other pessimists, it’s not necessarily how he’ll age that worries me, it’s the rest of the Yankees that Cano will play with for the duration of his deal.

If you’re still living in the fantasy world that Jeter, A-Rod, Teixeira, and Granderson will come back strong later this year and lead the charge to a 28th world championship, it’s time to wake up and smell the coffee. I am an optimistic, but realistic fan, and right now the chances that those four come back and provide so much production so that teams will wind up giving Robbie pitches to hit are rather slim. Cano is the most feared hitter in any Yankee lineup that can be conjured up using the 40 man roster, and we saw how the short returns of Tex, Youk, and Grandy resulted in disrupting the chemistry and production that was once consistently evident in the offense.

Robinson+Cano+Detroit+Tigers+v+New+York+Yankees+783bvcpDTPKlWhich brings me to another point - what will the Yankees lineup look like for the next five years? As frustrating as it’s been to watch the team this season, it may become the norm to see guys who really should be part time minor leaguers, be in the lineup every night in the Show. It seems like Jeet and Alex’s careers are hanging on by a thread, Granderson is almost surely to be lost this offseason, and who knows if Tex can ever be the 30-home run, 100 RBI guy he was penciled in to be throughout the duration of his own albatross of a contract. That leaves way too many holes on the roster for the Yanks to really focus on paying just one solid ballplayer.

It reminds me of a question probably asked when the Texas Rangers were debating to trade Alex Rodriguez - “Are we a better team with [Cano] than without him?” It can be argued that the Yankees really won’t be if they re-sign him. Sure, they may win a few more games, and the new Yankee Stadium will look just a little more full every night, but is that really worth once again limiting your ability to address other areas of the team?

Now I know many of the young, budding MLB superstars have been or will be locked-up by their current teams before they ever hit free agency. But remember, the Yanks’ current top prospects such as Gary Sanchez and Mason Williams, and recent draft picks like Aaron Judge and Eric Jagielo are years away from becoming everyday contributors in the Major Leagues. So, where does that leave the team in its search for new “Bronx Bombers”?

Personally, I see it as a dead end.

The Yankees can never be considered a “rebuilding” team. Their fanbase is too widespread and hungry for success for them ever to accept a year when they weren’t striving for a World Series title. And although letting Robinson Cano walk after this season would at first feel like an apocalyptic decision, it may ultimately result in a brighter future for a Yankee dynasty to re-surface.

The first few years may be very tough to swallow, but letting the fading stars play out their deals and starting fresh may just be a recipe for greater success down the road. If Cano is playing like a Hall-of-Famer and making $20 million a season, but has no support from his teammates to actually win anything, what’s the point? Higher TV ratings on YES? Higher attendance ratings?

Maybe, but that’s not what Yankee fans care about. It’s about championships at the end of the day, and once again giving another bloated contract to a player who will be done with his “prime years” very soon, would be arguably a move pushing the Yankees even farther away from a return to glory.

Wednesday, June 19, 2013

In a cruel twist of fate, the Yankees will need A-Rod the most

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Two weeks ago, it appeared that the Alex Rodriguez era in New York was coming to a crashing conclusion. MLB had announced they are seeking to suspend him and about twenty other ballplayers for having connections to Anthony Bosch, the PED supplier from the Biogenesis clinic in Miami.

Many Yankees fans reacted with pure joy, believing that A-Rod and his mess of a contract could finally be shed by the team. With him taking only baby steps in his long road back from a second hip surgery, the looming 100-game suspension almost certainly would ensure that 2013 would be a year without the 37-year old has-been slugger.

As the Yanks had just gotten Mark Teixeira and Kevin Youkilis back off of the disabled list, there was little doubt that the team wouldn’t continue its surprisingly hot start to the season. Yet, just returning home after losing six out of ten games on the West Coast, the Bombers have hit a low point. The offense can barely score more than two runs a game, and the pitching has been average at best.

Adding injury to insult, Tex and Youk were both placed back on the disabled list with the same injuries that had them land on it in the first place. Inflammation in the right wrist for Mark, and a herniated disc for Kevin, one that was just operated on and will take 10-12 weeks at the minimum to heal.

If it explains their anemic performance since first returning from the DL, so be it. But the fact remains that the disabled list has once again inflated back to including all of the potent Yankee hitters not named Robinson Cano. With Youkilis almost certainly done for the year, and the constant threat of Teixeira suffering the same fate, it is not looking promising for the lineup to get any better any time soon.

That is, until A-Rod comes back.

You read that right. As far as the public knows, the only evidence MLB has been able to sniff out of Biogenesis is the journal of names and drugs Bosch allegedly kept for keeping tabs on all his clients. If I were a betting man, the investigation could go on well into the winter. Meaning (when he is physically ready), A-Rod can come back and be re-inserted as the team’s everyday third baseman.

It sounds ridiculous and trust me it’s not something I want to see happen. I am just like the common fan who would forever love Brian Cashman if he was able to get #13 out of the Bronx somehow. But, putting all the baggage Rodriguez brings with him aside, the Yankees need offense in the worst way possible. The trade market looks incredibly thin for impact bats, and the Yankees probably don’t have the pieces to acquire one even if they tried to.

So if I’m the Yankees and I can count on A-Rod hitting .280, driving in runs, and having the occasional power to hit one out, why the hell wouldn’t he be welcomed back? The fact is, no one knows if Curtis Granderson will still have enough pop in his broken hands to be the main power source of the lineup, or if Derek Jeter’s cranky ankle will hold up for him to be a reliable top-of-the-order hitter for the stretch run.

At this point in the year, as the lineup looks as bad as its been in decades, Alex Rodriguez may be the last hope for the Yankees to have a shot at competing for a playoff spot. The Red Sox, Orioles, and Rays are not going away anytime soon, and they have the younger, more athletic, and overall healthier ball-clubs.

Counting on Lyle Overbay, Vernon Wells, and Travis Hafner to be a potent middle-of-the-order bunch come the dog days of summer and the tense moments of a pennant race is not the way to go. As lost as the season once seemed for the Yankees’ oldest, most banged-up stars, it may be up to the Captain, and more importantly A-Rod alone, to keep Yankee Stadium’s lights glowing for the month of October.

As crazy as it sounds, it may be the only rational route to another Yankee playoff berth.