Saturday, March 30, 2013

Your 2013 Giants: Long Term Eextensions for Sabean, Bochy, and Posey

I'm not going to bother providing all the links, just want to get this out, just check the usual suspects via links to the right (Baggerly, Schulman, Pavlovic/Mercury, Haft/sfgiants.com). 

Sabean and Bochy are linked deals again, sounds like the Giants torn up the current contract covering 2013-14 and gave them a new contract covering the next four seasons.  Rumor has it that they are getting somewhere in the $4M range, like another top baseball exec.  Well deserved for a job well done (twice! at least...).

Posey got a 8-year contract extension tacked onto his current contract, which appears to have been torn up, for $167M (it is an odd contract like Cain which includes his current contract for 2013 plus the 8 years, so technically this is a 9 year contract).  Here is the link where I got my news on this, from Haft

It covers his remaining three arbitration years plus five years of free agency, plus full no-trade provision, so he's here to 2021.  There is also a club option for 2022.  Posey:  "I'm thrilled."  Because this year was included, it is considered the longest contract for a catcher ever, beating out Mauer's 8-year deal, but short of Mauer's $184M contract value.  But Mauer's did not include any arbitration years, Posey does. 
Here are the gory financial details:

Posey will receive a $7 million signing bonus, according to the source. Having previously settled for $8 million this year, Posey now will receive $3 million in 2013, $10.5 million in '14, $16.5 million in '15, $20 million in '16 and $21.4 million per year from 2017-21. The 2022 club option is worth $22 million, with a $3 million buyout. Posey also will contribute $50,000 per year to Giants charities.
The Giants' commitment to Posey is nothing short of historic. It's a record guarantee for a player with fewer than three years of service time. Colorado outfielder Carlos Gonzalez set the previous standard with his seven-year, $80 million contract. It's also the biggest financial obligation to a player with fewer than four years' service time, exceeding the $151.45 million Colorado committed to first baseman Todd Helton for 11 years.
Analyzing the three arbitration years, using the 40%/60%/80% of market value rule of thumb, that works out roughly to valuing Posey at $26.25M market rate.  But then we get his free agent years at a lower "market rate", so it appears that the Giants front-loaded the contract on a relative market rate basis.


Friday, March 01, 2013

Your 2013 Giants: Give me a mean Belt any day

I recently saw a Dodger's fan get all upset because Giants fans were going onto Dodger boards and celebrating with trash talk.   He was especially upset with Belt's comment about the Dodger's chemistry, or lack thereof, so he took to trashing Belt, noting that weak power hitting firstbasemen usually don't get to start for championship teams, noting his low for a good firstbaseman .781 OPS.

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