The Tigers and Giants each made a significant investment on Friday. Each deal was monumental, and each was necessary.
The Tigers signed Justin Verlander to a five-year contract extension that will take him through the 2019 season. The right-hander reportedly will earn $180 million over the next seven seasons, and a $22 million vesting option for the 2020 season could bring the total value of the deal to $202 million.
Hours later, the Giants inked their franchise cornerstone, Buster Posey, to an eight-year extension that will take him through the 2021 season. The catcher reportedly will earn $167 million over the next nine seasons, and a $22 million option for the 2022 season could bring the total value of the deal to $189 million.
That’s a whole lot of cheddar. And when it comes to such enormous contracts, teams inherently run the risk of setting themselves up to fail. In other words, they’re taking a leap of faith based on calculated risk.
Considering some of the costly failures we...