Saturday, February 02, 2008

SANTANA SETS NEW MARK AT $150M+, BECKETT COUNTS DOWN SECONDS TO 2011

If anyone has any doubts about the contract the Red Sox signed Josh Beckett to one year ago, they should evaporate into the ether after hearing of Johan Santana's new deal to pitch for the Mets. Santana's new deal reportedly pays him $150M (plus a small amount insignificant enough for me not to mention here, but still more than I'll make in the next 7 years) over the next seven years. For the math-retarded (me included), that breaks down to about $21,430,000 per year.

Contrast that with Beckett's deal, which will pay him $9.5M for this upcoming season, $10.5M in '09, and a $12M club option which, except for injury potential, the Red Sox would exercise right now.

But this doesn't really hurt the Red Sox that much. Beckett was always going to get his money if he pitches well, and he's in Boston for three more seasons. A lot can change in that time. Santana's new deal really hurts the Cleveland Indians. The Indians have reigning Cy Young winner C.C. Sabathia under contract for just one more season. Sabathia isn't the pitcher that Santana is, but he's close, and he's two years younger.

Sabathia is going to make $9M this year, but he can get more than twice that on the open market. The Yankees and Mets are both going to be looking for a starter next off season, as both have some serious money coming off the books after this season (Pedro, Delgado, and Alou for the Mets, and Giambi, Mussina, Abreu, Pettitte, and Pavano for the Yankees). The Red Sox, Dodgers and Angels could also kick Sabathia's proverbial tires as well.

Sabathia will have to take a serious hometown discount to stay in Cleveland as its doubtful that the Indians will be able to throw money around like the bigger market teams. If that was going to happen though, it likely already would have. Somewhere around late July the Indians are going to have to decide if they can win it all this season, because if not Sabathia could be on the move.

***

In actual Red Sox news, the Sox signed Sean Casey to fill their Mediocre-Veteran-Hitter slot. I'll get more into the roster crunch later on this month, but for now, I'll rank this move as Three Yawns.

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