Wednesday, April 14, 2004

Sean at Purgatory Online has a good summary of the Garret extension and some of the reaction to it around the web. He links to the Times report, which clarifies that the $48M is inclusive of the $3M buyout. Ice Cold also gets a $3M signing bonus, though I'm not sure when that gets paid.

The upshot is that he makes $9M next year, only a $3M raise, which means we still have $17M to work with in extending Percival and Glaus. Ross Newhan summarizes the issues in signing the two Troys in today's Times, as well. One odd line from Newhan's article: "Although [Glaus'] plate discipline has frustrated the Angels at times, how do they replace the power and potential?"

Plate discipline? Even though Garret has out-produced Troy the last two years, Glaus has a much higher walk-to-strikeout ratio. The Angels have finally come around to the obvious conclusion that strikeouts are not the end of the world, so maybe they'll realize that Glaus is likely someone they'll want to hang on to.

Anyway, getting back to Garret ... it is a truth of major league contracts that players are paid for the past, and not the future. Anderson has been a bargain the last two years, being easily one of the top 25 players in the league (conservatively) and receiving about $6M a year for it. So, if he has two mediocre years under this contract, in the grand scheme of life, it's just making up for 2002 and 2003. I'm not really endorsing this, mind you, this is just how the world works. The truth is that if Anderson declines back to a 100 OPS+ level for any season under this contract, he will have become vastly overpaid instead of just slightly so.

One last possible factor: when we signed The Punter to that ridiculous contract, it occurred to me that their might be a side benefit: Investing so heavily in homegrown talent demonstrates to the core that you are committed to winning and keeping them together, which may lead to a hometown discount when their contracts are up. (I am certain I broke several grammatical rules by having two colons in one sentence, but, hey, this is a blog, not a doctoral thesis.) Well, I guess that discount didn't really come to Garret ... but it may come to Glaus and Percy. Or, I might have been horribly, horribly wrong.

As I never expected Garret to get this good in the first place, it wouldn't be the first time.

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