Papelbon Extension

by em3 on Feb 19, 2008 2:26 PM EST

Edes is reporting that the Sox are trying to lock up papelbon.

No details other than that. this piece says a 5 year deal are the likely terms - that would buy out Pap's first year of free agency.

http://mlbfleecefactor.com/2008/02/19/red-sox-trying-to-extend-papelbon/

i would say 5 years, $50 million would make sense for both sides? anyone else?

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Re: Papelbon Extension

I think we could get a deal done for less than $10M/year. I know Papelbon is the man, but seeing as we're only buying out one year of free agency, $7-$8M per year would still be a big payday

by Schulz on Feb 19, 2008 6:22 PM EST reply actions

Schulz, above, is right. I'm good with an extension, but $10M per/AAV is a bit much, even if we factor in that $15M is the likely dollar amount he would normally get for that first year of FA, assuming he stays healthy.

by Allen Chace on Feb 19, 2008 6:39 PM EST reply actions

Re: Papelbon Extension

10 million a year is CRAZY for a relief pitcher with four years under our control. Considering what Rivera + Ryan made in their recent deals, I think Papelbon is likely to make:

500,000
3,500,000
8,000,000
9,000,000

Free Agency

10,000,000
10,000,000
10,000,000
10,000,000
10,000,000

Which ends up being 6,200,000 a year over the next 5 years.

If we were to sign him to a 5 year deal, I probably wouldn't go any higher than about 22,000,000 over 5 years, which is only 10 or so million less over that period than he would make if we didn't resign him. If he throws out his arm this year, that's about 20,000,000 more than he would make. Right now, we've got the upper hand and it would be crazy to sign him long term for anything more than 25 million.

If it were me, I wouldn't even consider giving him a multi-year deal until after the 2010 season.

Boo Damon. Cheer Bonds.

by illgamesh on Feb 20, 2008 4:01 PM EST reply actions