The Dodgers have signed Zack Greinke to a 6-year, $147 million contract, according to Jon Heyman.. The $24.5 million average annual value of the deal makes him the highest paid pitcher in baseball on a per year basis.
If you’ve followed me in years past, you’d know that I would usually do some type of efficiency analysis in terms of whether the deal makes sense on a dollars per WAR basis, but at this stage, with the 2013 payroll already around $235 million, I’m not sure it matters as much.
The important part is whether or not Greinke is a quality pitcher and whether he makes the Dodgers better, and those questions aren’t even close.
After coming back from anxiety issues and becoming a full-time starting pitcher again, he averaged 5.7 FIP WAR and 4.8 RA WAR over the past five years. Needless to say, he’ll slot in nicely behind Clayton Kershaw in the rotation, and even looking at the WAR/$ part of it, at a $5 million per WAR rate, it hardly seems like an overpay.