|
|
Post by Brian (Blue Jays GM) on Jan 14, 2013 12:37:49 GMT -5
There were a few comments on the price of Hyun-Jin Ryu's bidding. I moved the comments to here so we don't clog up the bidding thread with non-bid posts.
|
|
|
|
Post by Brian (Blue Jays GM) on Jan 14, 2013 12:38:17 GMT -5
holy $^&* - this guy hasn't even thrown an inning in the States yet... |
|
|
|
Post by Brian (Blue Jays GM) on Jan 14, 2013 12:38:35 GMT -5
But he is cost controlled for the next 5 years after. So it would basically be a 6 year, $26-27 million contract. |
|
|
|
Post by Brian (Blue Jays GM) on Jan 14, 2013 12:43:14 GMT -5
if teams have a lot of cap space to spare for this year, a big one-year deal on an IFA makes a lot of sense.
Ryu is also just 25 years old and signed with the Dodgers for 6 years so owning his cost-control rights for the next 5 years beyond the 1 year salary is pretty valuable.
|
|
Ben (Rays GM)
General Manager
Commissioner Emeritus
Ben
Posts: 6,470
|
Post by Ben (Rays GM) on Jan 14, 2013 13:30:28 GMT -5
Last year the Padres got Yoenis Cespedes for $12 million. Nobody went to a two year deal because that would have been too much risk for an unproven player, but on a one year that was a bargain - and nobody could outbid because $12 million was the maximum. This year the Padres are paying him 0.5 million and he's theirs through 2017, and among the players with the highest trade value in this league. This year the $12 million cap on one year deals for IFAs with no experience has been removed, so people are bidding for the chance at the next Cespedes-type bargain. If competing in 2013 isn't a team's priority, why not take a chance on somebody like Ryu? It's even better than a 6 year, $26-27 million contract because it's completely frontloaded.
Last year Yu Darvish got $19.5 million over four years (because unlike with Cespedes, people were willing to go above the one year limit for him and went to multiple years). That's three times the guaranteed money on Ryu. Still looks like a good deal, because Darvish had a nice rookie campaign and because the Phillies have options on his 5th and 6th year (although they'll have to pay $19.5 million for those years if they want him due to last year's rule change). It was a much riskier deal because Darvish could have bombed and the Phillies would be paying him through 2015 - why Jay didn't just bid two years I don't know, except that it would have been more expensive per year, but at a lower risk (he'd have had to pay $21.8 million annually, but he'd then have $21.8 million options for years three through six) - but so far it seems that it's paying off. Ryu may be more expensive than Darvish for the first year, but with so much less risk.
|
|
Ben (Rays GM)
General Manager
Commissioner Emeritus
Ben
Posts: 6,470
|
Post by Ben (Rays GM) on Jan 14, 2013 13:39:09 GMT -5
Basically, think of these one year deals on IFAs as a signing bonus (or, as Brian just pointed out to me, a posting fee). You pay a bunch of money up front, but the actual contract ends up being quite reasonable. That's why on a one year deal you can just cost-control them after, but on a two or more year deal you have to keep paying them more, because players don't just go from earning $20 million one year to $1.5 million the next, even if they are still arbitration eligible.
|
|
