Found April 02, 2013 on
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The economics of Major League Baseball ownership has come a long way. Nothing illustrates this better than the recent contract extensions of the Giants' catcher Buster Posey, pitcher Justin Verlander of the Tigers, and Texas Ranger's shortstop Elvis Andrus.
Contract extensions on top of existing multi-year contracts in baseball has become a template for ownership. And for one very good reason-- soaring MLB team values and revenues.
While extensions will inevitably be cheaper than losing yearly arbitration awards or standing in the free agent line with five other teams bidding on your own star first baseman, many owners had a fear of economic commitment.
But now all franchises up and down the team value scale have an even bigger incentive to pay 2013-2015 prices for six, seven, eight or nine year contracts: they actually have the money to do it.
Today, thanks to a series of MLB national media megadeals and other revenue generating investments, there are no &qu...
BEST OF MAXIM
Over the weekend, news broke of huge extensions being signed by Justin Verlander and Buster Posey. The two former MVPs got paid, handsomely. Add one more key player getting a lengthy extension to that list, as news has now broke of shortstop Elvis Andrus and the Texas Rangers agreeing to an 8-year, $120 million dollar extension. This new extension start after the 2014 season, which...
Buster Posey will be counted on to lead the Giants for the next several years.
Tools of ignorance indeed.
Try telling that to Giants catcher Buster Posey. He just signed a nine-year, $167 million contract extension. It’s the largest guaranteed contract in history for a player with three or fewer years of major league experience.
Posey rebounded from an horrific injury in...
Two-time All-Star shortstop Elvis Andrus has reached an agreement on a contract guaranteeing him $120 million over an additional eight seasons through 2022 with the Texas Rangers, a person familiar with the negotiations said Monday night.
With the two years left on his current deal and the eight additional years, Andrus would earn more than $131 million over 10 seasons.
Justin Verlander's five shutout innings at frosty Target Field held up for Detroit, and the defending American League champion Tigers beat the Minnesota Twins 4-2 on Monday.
With the gametime temperature at 35 degrees and the wind blowing at 17 mph, fans had to bundle up. But Opening Day is always a draw, as evidenced by the announced crowd of 38,282, a sellout by Twins guidelines...
Justin Verlander is now the highest-paid pitcher in baseball.
For the last several seasons, Justin Verlander has been arguably the most dominating pitcher in baseball.
Now he’s going to be paid like it.
The 30-year old Tigers right hander agreed to a 7-year, $180-million contract just before the start of the season. The deal includes an option for an 8th year that could vault...
Justin Verlander went only five innings for the Detroit Tigers on Opening Day but pitched well enough to notch his first win of the season.
Verlander struck out seven over five scoreless innings against Minnesota on Monday. The 30-year-old former Cy Young winner had a rough spring but bounced back for a solid start to the 2013 season.
In the outing Verlander threw 91 pitches of which...
Welcome to a weekly column by Kyle Bauer on various happenings in national and local sports. Agree or disagree with the author? Please comment below or let him know your thoughts by email, email@example.com or twitter, @kyle_bauer Yesterday, Justin Verlander made his first start since signing his record five-year $180 million contract extension. When [...]
Justin Verlander provided much of the heat on a cold opening day in Minneapolis.
Although he didn’t have his best stuff on the day Verlander gave five innings of shutout baseball as the American League Champion Tigers went on to a 4-2 win over the Minnesota Monday. Pitching in the low 30′s at a frosty Target Field, Verlander struck out seven while allowing just three hits and...
by John Viril—When I read that the Texas Rangers committed $131 million over the next 10 years to 24-year-old SS Elvis Andrus, I could not help compare this deal to the current contract the Royals have with their own Alcides Escobar.
Royals GM Dayton Moore got a screaming bargain.
The Royals control 26-year-old Escobar for the next five seasons (3 under contract with two club options...
The Texas Rangers have the best prospect in baseball, a 20-year-old shortstop named Jurickson Profar who the public projection systems think could be a league average player in the big leagues right now. He’s going to start the year in Triple-A, though, as neither middle infield position is currently available in Arlington, with Elvis Andrus and Ian Kinsler currently entrenched...
This is my time of the year sports fans. Without furthur delay here are my predictions: American League AL East winner: Baltimore AL Central winner: Detroit AL West winner: Anaheim AL Wild Card winners: Oakland, Cleveland AL MVP: Mike Trout (LAA) AL Cy Young: Justin Verlander (DET) AL Rookie of...
In light of Elvis Andrus' contract extension, I'll take a look at the contract of Alcides Escobar.