Beyond the Box Score: An SB Nation Community

Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Around SBN: Can Tebow Say No To Anything?

Dustin Pedroia just signed a contract extension with the Red Sox, buying out four years of team control and two years of free agency for $40.5MM (actually, the year-by-year numbers say $42MM), plus an $11MM option for 2015. This is a steal for Boston, although locking up a guaranteed $42MM isn't a bad decision for Pedroia, either. Individuals should be much more risk-averse than teams.

Pedroia was about a 6 WAR player in 2008 and a 3 WAR player in 2007. Let's be conservative and call him a 4 WAR player over the next seven seasons (through age 31). As a free agent, that costs about $20MM per season. Arbitration years tend to pay about 40%, 60%, and 80% of the free agent rate, for $8MM, $12MM, and $16MM. In 2009, the Sox can pay him whatever, say $1MM.

Let's add up what Pedroia likely would have made, going year to year:
2009: $1MM
2010: $8MM
2011: $12MM
2012: $16MM
2013: $20MM
2014: $20MM
2015: $20MM
Total: $97MM

Let's compare that to the contract he just signed:
2009: $3MM (with signing bonus)
2010: $3.5MM
2011: $5.5MM
2012: $8MM
2013: $10MM
2014: $10MM
2015: $11MM (team option)
Total: $42MM, $53MM with option

Now, those estimates of the arbitration settlements seem a bit high to me, but it's still clear the Red Sox saved themselves at least $30MM with this contract. That money can be converted into six free agent wins, or about one per season over the life of Pedroia's contract.

Hat tip to Baseball Musings.

about 1 year ago Limes_125_tiny Sky Kalkman 7 comments 0 recs  | 

Story-email Email Printer Print

Comments

Display:

He'll never have to worry about being able to afford Axe or Belvedere again.

Seriously though, this is a steal for the Red Sox. It’s looking more and more like these sorts of contracts are going to become the norm.

Hear that Felix?

by acblue on Dec 3, 2008 4:19 PM EST reply actions   0 recs

Yes, they'll certainly happen more and more.

And then players and agents will realize the current system of screwing over young players isn’t exactly fair and it will be the next big collective bargaining sticking point.

Beyond the Boxscore // Calling BJ Upton lazy is lazy.

by Sky Kalkman on Dec 3, 2008 5:44 PM EST up reply actions   0 recs

Thanks Captain Bringdown.

You’re right though. It should be interesting to watch the situation develop.

by acblue on Dec 3, 2008 10:57 PM EST up reply actions   0 recs

YAY!

Clutch: A measurement of how much better or worse a player does in high leverage situations than he would have done in a context neutral environment. http://www.fangraphs.com/blogs/index.php/glossary/

by bs.uf15bosox9bears23 on Dec 3, 2008 5:09 PM EST reply actions   0 recs

the espn headline this morning said that the Sox signed Pedroia to a $405 mil extension, making me laugh. glad they got that fixed

Adopted Giant: Aaron King

Wearing the crown by 2011. Or at least the LOOGY hat

by baetown415 on Dec 3, 2008 6:31 PM EST reply actions   0 recs

Comments For This Post Are Closed


User Tools

We use numbers and stuff.
Community Guidelines
Why be a member?
Start posting on Beyond the Box Score »

Join SB Nation and dive into communities focused on all your favorite teams.

FanPosts

Community blog posts and discussion.

Recommended FanPosts

770insig_small
BtB's "Ball On A Budget" Fantasy League - Discuss Participants, Payrolls and Position Eligibility

Recent FanPosts

Ds9_small
good graphing program?
Small
Predicting HR/FB Rates
Leopold_butter_scotch_southpark_small
Troy Tulowitzki vs Ryan Braun
Small
Pitchers batted ball observations
Small
Eric Byrnes: A player worth a look?
Small
Valverde Is Charging Detroit Double
Mukuro_small
Another question: About power rankings
Small
Why You Shouldn't Trade for Arroyo
Jinaz-reds-avatar_small
Last Call for BtB Sabermetric Writing Award Nominations

+ New FanPost All FanPosts >

FanShots

Quick hits of video, photos, quotes, chats, links and lists that you find around the web.

Recent FanShots

Can you spot the five guys NOT in the Hall of Fame? It's easy, I separated 'em for ya. :)

Here's the full post about guys elected to the Hall of Fame primarily for their defense. Guys like Brooks Robinson, Ozzie Smith, Bobby Wallace, John Ward, and Bid McPhee stand up as definite HOFers, with many others worthy of debate (and a couple aren't worth any debate at all).

I almost made it through the whole post without comparing some HOFers to our friends Bill Dahlen, Lou Whitaker, Bobby Grich, Alan Trammell, and Ron Santo. Almost.
If you care about newspaper coverage of MLB, read this post
Visualizing the Difference Between Offensive and Defensive Value for Catchers
First B-Pro and now ESPN. Tommy, you're growing up so fast
THT - Advancing by ground
Negro League Museum Close to Folding
It is a capital mistake to theorize before one has data. Insensibly one...
Ranking Minor League Systems Using Victors Wang's Prospect Valuations
Pitch f/x on Ricky Nolasco Stretch vs. Windup again
Veron Wells the artist.  I never knew.

http://www.vwellsart.com/

+ New FanShot All FanShots >

BtB on Twitter

Main Feed: @BtBScore

Jeff: @jeffwzimmerman
Steve: @steve_sommer
Sky: @BtB_Sky
Dan: @dturkenk
Harry: @harrypav
Jinaz: @jinazreds
Jack: @jh_moore
Erik: @Erik_Manning
Tommy R: @trancel
Justin: @justinbopp

Subscribe to BtB via Email

Enter your email address:

Delivered by FeedBurner

BtB Goes Social


Managers

Wbc_029_small Jeff Sullivan

Editors

Rawlings_baseball_bigger_small Dan Turkenkopf

Limes_125_small Sky Kalkman

770insig_small Jeff Zimmerman (TucsonRoyal)

Aviles_small Justin Bopp

Authors

Roots_game_small R.J. Anderson

Jinaz-reds-avatar_small JinAZ

Face_small Harry Pavlidis

1753738656_110919ebe9_o_small vivaelpujols

Ozzie_small erik

Raysring1_small Tommy Rancel

Redcap_small SFiercex4

St_louis_cardinals_ce1141_003263_small stevesommer05

Paige_small Satchel Price