Pay Him … Pay That Man His Money

January 29th, 2008 by ubelmann

In this life, one thing counts / In the bank, large amounts

It looks like Santana's gone. That sucks, huh?

Well, the last two steps between Santana and the Big Apple are a physical, which won't be an issue, and the contract negotiation window. I hope Santana gets every last penny possible.

The Mets are getting a new stadium in 2009, so I expect a bit of a spike in their payroll with that season, and then I projected a $5M/year growth on top of that. I pulled those numbers out of my a$$, but I think that they are plausible. (For instance, the ratio of the Mets' 2007 to 2000 payroll is about 1.44, and the ratio between a 2014 payroll of $170M and a 2007 payroll of $115M is 1.48, and the Mets didn't get a new stadium from 2000 to 2007.) I got all of my contract info from the incomparable Cot's baseball contracts, and for the most part, I only listed the guaranteed amounts that the Mets are on the hook for.

Say the Mets are able to get Santana for a relatively modest 5-year, $125M extension. This is how their budget would look:


Projected 130 145 150 155 160 165
Committed 127.25 86.8 63.25 72.5 43.5 30
Remaining 2.75 58.2 86.75 82.5 116.5 135
Dude 2008 2009 2010 2011 2012 2013
Santana 13.25 20 22 25 28 30
Wright 5.0 7.5 10.0 14.0 15.0
Reyes 2.5 4.0 5.8 9.0 0.5
Beltran 18.5 18.5 18.5 18.5
Castillo 6.0 6.0 6.0 6.0
Others 82.0 30.8 1.0

Now say Santana is able to get a 6-year, $150M extension. This is about how their budget would look:


Projected 130 145 150 155 160 165 170
Committed 127.25 86.8 63.25 72.5 40.5 28 30
Remaining 2.75 58.2 86.75 82.5 119.5 137 140
Dude 2008 2009 2010 2011 2012 2013 2014
Santana 13.25 20 22 25 25 28 30
Wright 5.0 7.5 10.0 14.0 15.0
Reyes 2.5 4.0 5.8 9.0 0.5
Beltran 18.5 18.5 18.5 18.5
Castillo 6.0 6.0 6.0 6.0
Others 82.0 30.8 1.0

I would guess that Santana will get something between 5/$125M and 6/$150M, but there's a slight chance something outside that general range is possible. Either way, I would say that Santana fits in the Mets' budget, even though they will be paying him an outrageous sum of money.

For the record, this is how the rest of the Mets' contracts break down:


Dude 2008 2009 2010 2011 2012 2013 2014
Wagner 10.5 10.5 1.0
Schneider 4.9 4.9
Delgado 16.0 4.0
Schoeneweis 3.6 3.6
Castro 1.9 2.5
Chavez 1.8 2.1
Pelfrey 1.3 1.3
Anderson 1.1 1.2
Humber 0.8 0.8
Pedro 11.0
Alou 7.5
El Duque 6.5
Perez 5.6
Sosa 2.2
Church 2.1 2nd arb 3rd arb
Wise 1.2
Heilman 1.2 2nd arb 3rd arb
Feliciano 1.1
Easley 1.0
Sanchez 0.9 3rd arb


This entry was posted by ubelmann on Tuesday, January 29th, 2008 at 6:20 pm and is filed under Guest Writers, MLB, Minnesota Twins, ubelmann. It is one of 640 entries by the author. We are no longer accepting Letters to the Editor on this post.

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Comments Feed7 Letters to the Editor

SBG replied on January 29, 2008 at 6:36:38 pm

Those numbers look totally plausible, given where the Yanquis and Red Sox are.

Man, 4/$24 for Luis Castillo. Oof.

 
brianS replied on January 29, 2008 at 7:06:26 pm

mebbe Pohlad had a secret agreement with Minaya to back up the Castillo trade with something even more outrageous.

 
Nick N. replied on January 29, 2008 at 8:57:08 pm

A Rounders quote in the title there, Ubes?

ubelmann replied on January 29, 2008 at 9:02:51 pm

It is indeed.

New Britain Bo replied on January 29, 2008 at 9:08:30 pm

You can shear a sheep many times but skin him only once.

Dicta replied on January 29, 2008 at 9:32:31 pm

Mike: I feel like Buckner walking back into Shea.

 
 
 
 
Beau replied on January 29, 2008 at 9:00:02 pm

When I see someone rich / take Johan I start to b!tch

 

Sorry, the LTE form is closed at this time.

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