Found May 25, 2012 on
Orioles fans have been clamoring for it all season, and the team seems to have finally locked up Adam Jones with a contract extension. I was a little worried that they would feel they "had" to keep Jones, and end up giving him a Matt Kemp type deal (8 years, $160 M), but was looking at 6 years, $80-90 M myself. Actual contract; 6 years, $85 M. Nicely done, Orioles.
I said last week that Jones probably isn't nearly this good, but a 5 year, $75 M extension (as Adam was already going to be under team control for 2013 anyway, likely getting ~$10 M in his final year of arbitration) certainly seems fair. Assume Jones just repeats his 2010-2011 and is a 2.5 to 3 win player through his "peak" years and then drops of by a half-win a year starting in his age 30 season (2016) - then, with modest salary inflation of 5% annually, he'd be worth about $72 M over the five years. That's the kind of deal I was hoping for - one that would be perfectly fine if 2012 is a fluke - and that's what the O's got. They wisely paid him like the player he "is" (mostly ignoring the 2012 outburst) instead of the one he "could be".
On the other hand, if Jones really does establish himself as perpetual a 30+ home run guy with even close to average defense in center (for the time being), this contract could be a substantial bargain. The low on-base percentage and plate discipline issues might still be there, but power-hitting center-fielders don't exactly grow on trees. There's going to be the usual risks associated with all long-term deals, but I think the Orioles did a nice job locking in a decent floor with some real upside; let's say Jones regresses and ends this year at only 5.5 wins, and declines by a half-win starting next year - that's around $30 in excess value the O's would be getting.
Keeping Jones in Baltimore is a win-win-win: he's now set for life, and gets to remain the leader of a franchise that's (hopefully) on the upswing; the O's keep one of the best players around for a while without having to guarantee excessive amounts of money in general or any at all to someone in their mid-30s (Jones' contract will take him through age 32); and the fans will obviously love this. It's a good day in Birdland.
BEST OF MAXIM
The Baltimore Orioles and the agent for center fielder Adam Jones are discussing an extension for the one-time All-Star, whose contract expires after this season.
Jones confirmed Friday that his representative, Nez Balelo, was in Baltimore. Jones also said he's taken a physical, a prerequisite to a contract extension.
But he could not confirm an agreement.
The Orioles, building on their early-season momentum have signed center fielder Adam Jones to a club-record contract extension.
Jones signed a six-year, $85.5 million contract with the Orioles on Sunday, ensuring that the 26-year-old center fielder will stay with the team through 2018.
The deal is well north of the two largest deals in team history -- Miguel Tejada's six-year...
The Orioles, building on their early season momentum, are close to signing center fielder Adam Jones to a club-record contract extension, major-league sources say.
The deal, according to one source, will be "well north" of the two largest deals in team history - Miguel Tejada's six-year, $72 million free-agent deal and Nick Markakis' six-year, $66.1 million extension...
Adam Jones is about to cash in on his rise. The Orioles outfielder is reportedly on the verge of signing the most lucrative contract in team history. It's reportedly slated to be for six years and between $80 to $90 million, eclipsing Miguel Tejada's six-year, $72 million deal from 2003 for the club record. In the process, it will also surpass Nick Markakis' record extension...
Baltimore Centerfielder & standout Adam Jones has signed a 6 year extension with the Orioles. The deal is the largest in franchise history & makes Jones the 2nd highest paid CF in baseball (Matt Kemp).
The Orioles, building on their early season momentum, are close to
signing center fielder Adam Jones to a club-record contract
extension, major-league sources say.
The Baltimore Orioles on Saturday ended up losing to the Kansas City Royals in a close contest, 4-3, at Camden Yards.
It was a hard fought game by the Birds; however, in the final third of the contest, the bullpen could not hold a 3-2 lead, mistakes, plus an inability to get runners on base and advance them in the final frame cost the Orioles a chance to win their 30th game of the...
The Baltimore Orioles reportedly are near a team-record deal with center fielder Adam Jones. The Orioles will sign Jones to a deal much higher than those given to Miguel Tejada and Nick Markakis, a source close to the team told Fox Sports. Tejada, who has signed resigned with the team, signed a six-year, $72 million contract in 2004 and Markakis signed a six-year, $66.1 million...
The 2012 Orioles continue to be one of the more interesting teams in baseball right now. Despite the series loss to Boston this week the Orioles are opening up a weekend series against the Kansas City Royals with even more intrigue.
First, Brian Roberts. The man that I was sure was completely done at the beginning of the year has made two rehab starts in Bowie so far. How he has...
The Baltimore Orioles and Adam Jones are on the verge of agreeing to a contract extension according to sources close to Ken Rosenthal and Jon Paul Morosi of FOXSports.
Jones is hitting .311/.357/.601 with 14 HR's, 29 RBI's and a 161 OPS+ in 183 AB's for the Orioles this season. He ranks third in the Majors in WAR behind Josh Hamilton and David Wright with 2.8. His UZR...
The extension that Brian wrote about this morning between the Baltmore Orioles and Adam Jones is apparently just about done. CBS's Jon Heyman is reporting that the deal will be for six years and a whopping $85.5 million.
My initial thought about the deal is "wow, that's a lot of money". An average of $14.25 million a year for Adam Jones? That's crazy. While...