Red Sox sign David Price

Adrian's Dome

Member
SoSH Member
Aug 6, 2010
4,424
So the guy with a diagnosed serious anxiety disorder is not at a bigger risk than a guy who...has said bad things about David Ortiz and Boston fans? I'm not really seeing the connect here, other than maybe you're comparing him to Crawford because they both wore the Tampa uniform.

If you don't like Price, I get it. I don't like him either. But extending that to him not being a fit in Boston, which is what it seems to me you're doing, isn't entirely logical. And if he pitches well, I will learn to get over my distaste for his stupid Drake-like face. I even liked John Lackey for a little while there.
A past anxiety disorder that by all means he's been over for quite a long time. And yeah, I tend to think guys who bitch and moan about teams then sign with them may end up problematic. Or they may not. But it's not something you just shrug off like it never happened, and I think it's a bit unfair to focus entirely on Greinke's past but completely ignore Price's, especially when the latter was more recent.
 

Rasputin

Will outlive SeanBerry
Lifetime Member
SoSH Member
Oct 4, 2001
29,494
Not here
While I'm generally opposed to opt outs because they shift almost all the downside from the later part of the contract to the team while shifting almost all of the upside to the player, I can't find it in myself to hate this one in this very specific circumstance.

The downside risk is still there. Price could get injured and suck for the whole seven years. If he pitches brilliantly for the whole seven years, four of them will probably be elsewhere. It's essentially a 3/90 deal with a 4/127 option that kicks in if he sucks.

But he's probably not going to suck for those first three years. The risk is there, sure, but there's a very good chance--it's probably the most likely outcome in fact--that Price pitches really well here, opts out of the contract, signs somewhere else, and we as fans, are pretty much okay with that.

It's a huge 127 million dollar risk, but it aint my money and if things go as they could, Eduardo Rodriguez could be the ace in 2019, with Anderson Espinoza and/or Michael Kopech knocking on the door. Or, you know, knocking it down.
 

DavidTai

Member
SoSH Member
Dec 18, 2003
1,245
Herndon, VA
Hey, I love him having the opt-out. If he exercises it, it means he's outperformed his first three years and we won't have to worry so much about him declining for the last four years -and- we get an extra first round pick. With the scouting department still intact... great!
 

Lowrielicious

Member
SoSH Member
Apr 19, 2011
4,328
we're talking the value of player option and not the value of getting David Price.
The value of the player option to the organisation is that it meant David Price signed on the dotted line where he may well not have otherwise.

The opt out, once the contract is signed, only has value to the player.
But before it is signed there is definite value to the organisation if it tips the player over too signing with them over somewhere else.

In every scenario with an opt out, he player is a winner. Sometimes, the team lucks out and ends up a winner, too. It is more likely, however, that the team ends up harmed by the opt out.
Is it? There have not been that many, which opt outs harmed the clubs? The contracts then signed after the optout is a different beast. It can be argued that the team may be somewhat forced into resigning the player as its hard to plan if you don't know if they will opt out, but in most cases (all? ) it was pretty obvious.
http://www.mlbtraderumors.com/2014/02/opt-out-clauses-mlb.html
 

rembrat

Member
SoSH Member
May 26, 2006
36,345
I'll be that guy. I would have rather paid up for Jon Lester than give Price $217MM. I'm not really thrilled.
 

BaseballJones

ivanvamp
SoSH Member
Oct 1, 2015
24,660
It's a ton of money but in a few years, $30+ million for ace starters will seem reasonable. The question is whether he'll still be an ace level starter in a few years. For now, given that the Sox didn't have to give up any prospects for him, or their draft pick for that matter, I'm pretty bullish on the signing. As far as the on-field product, there is nobody with a remotely sane mind that can argue that the Red Sox aren't a much, much, MUCH better team right now than they were at the start of the offseason.

1. Young serves as a very competent RH pull hitting OF with a good glove. Should be an excellent 4th OF or give the Sox a reasonable starting OF if pressed into that role.

2. Kimbrel (plus the return of Koji) makes the bullpen a LOT better. Compared to last year's dumpster fire in the pen, adding these two guys, plus perhaps moving Kelly and his 99-mph heat to the bullpen should make their relief corps dynamic and a real strength instead of a glaring weakness.

3. Price is a bona fide stud at the top of the rotation. An ace by any definition. Last 4 years combined: 2.90 era, 217 innings per year, 2.90 fip (so his results have matched his performance), 1.09 whip, and 8.9 k/9. An absolute, no doubter front-of-the-rotation starter who has been extremely healthy and durable. His stuff has stayed remarkably excellent. Velocity has been really good and consistent. And it makes the entire rotation so much better and deeper.

As of right now, the 2016 Boston Red Sox look like a significantly improved team over the 2015 version. And they have virtually all their young pieces still in place.

Amazing job so far by DDski.
 

Tyrone Biggums

nfl meets tri-annually at a secret country mansion
SoSH Member
Aug 15, 2006
6,424
I'll be that guy. I would have rather paid up for Jon Lester than give Price $217MM. I'm not really thrilled.
I'm sure ownership agrees but this option is not on the table. It's like dwelling on not buying a house for 200k and then bitching about paying 600k for a slightly better one later on when you reassess the initial market. Lester has nothing to do with Price. But it's not going to stop guys like CHB from making the correlation.

They screwed the pooch on Lester but if DD was still in Boston I think we have every reason to believe Lester would still be here. New GM deserves a clean slate and not having to deal with the Price Lester crap would be a good start.
 

bankshot1

Member
SoSH Member
Feb 12, 2003
24,756
where I was last at
Re the 3 year opt-out.
Don't know if this was mentioned but

Kershaw can opt out of his contract at the same time, (after 2018) if he does he will leave a 2/70 contract. So assuming both pitchers have performed well and remain healthy, kershaw's decision and ability to reset the high-end of the market may have a big influence on what Price does. If Kershaw thinks he can get a 5/200 in 2018 then price's 4/127 looks inadequate, and he triggers his option to walk.
 

Savin Hillbilly

loves the secret sauce
SoSH Member
Jul 10, 2007
18,783
The wrong side of the bridge....
I'll be that guy. I would have rather paid up for Jon Lester than give Price $217MM. I'm not really thrilled.
In what universe did Dave Dombrowski have the option of paying up for Jon Lester this winter?

As somebody already pointed out in this thread or another (can't find the post right this second), you can't hold BC's decisions against DD.
 

DanoooME

above replacement level
SoSH Member
Mar 16, 2008
19,881
Henderson, NV
I'm perfectly fine with this deal. It comes down to the fact that, just like with the Kimbrel deal, the Sox have a need for an elite player and they went out and got him. Yes, it's expensive and the opt-out was probably necessary to clinch the deal, which is the only real value it has to the club. Sometimes you have to pay through the nose to get elite talent; that's just the way it is. And maybe those last couple of years will suck. It's the cost of getting top notch talent at the time it's available.

I'm sure we'll have a bunch of complaining at the end of the week when Greinke gets something like 5 years/$155M from the Dodgers or Giants because the total cost would have been a lot less. There's no guarantee the same deal would have gotten him to Boston.

What's left to do now? Another bullpen piece? Is that Joe Kelly or someone from outside the organization? Otherwise, I think this team is ready to roll unless they find someone to take Hanley off of their hands and they get a "real" 1B, but I think the odds are low for that to happen. Maybe some fringe guys with minor league deals and NRIs. Doesn't hurt to bring in some more bodies to churn the back end of the roster, especially in the 'pen.
 

Sprowl

mikey lowell of the sandbox
Dope
SoSH Member
Jun 27, 2006
34,602
Haiku
7/$217. Monster deal. Biggest in team history, obviously.

Adding, I can't believe how quickly and quietly this happened. Where are the four days of leaks to some kid in Missouri? Gotta admire the professionalism of the Dombrowski era so far.
So far Dombrowski has said that he wanted to sign an ace starter, trade for an ace reliever, and pick up a RHB 4th outfielder. Then he did what he said he wanted to do. He expended quantity of cash and prospects to get quality pitching (and he kept the draft pick, and it's not my money).

QED. I'm impressed.
 

StuckOnYouk

Member
SoSH Member
Jun 26, 2006
3,541
CT
For those bitching about the opt-out.

He's not 25. He's not opting-out when he's hitting his prime. He will be 33 if he chooses to opt out. Great. I'll drive him to the goddamn airport. Give me your 3 best years left and let some other owner pay for your new 6 year deal when you'll be trending downward quickly at some point..
 

Snodgrass'Muff

oppresses WARmongers
SoSH Member
Mar 11, 2008
27,644
Roanoke, VA
So we got arguably one of the top 3 starters in baseball and one of the top 3 closers in baseball without parting with Bogaerts, Betts, Swihart, Edro, Moncada, Benintendi, Devers, or Espinosa. I absolutely love this, crazy money notwithstanding.
If SoSH had a like button, I'd be using it here. I'm not a fan of the opt out, but it's a necessary evil in today's market, especially if you want to get someone like this signed early. Best case scenario, considering it's there and not going anywhere, is that he dominates for 3 seasons, opts out and someone else pays him 30 million a year for another 5 or 6 seasons. I will never argue that an opt out benefits a team, but if it's there, might as well hope for the best in the limited years of control you have and deal with him walking.
 

Rasputin

Will outlive SeanBerry
Lifetime Member
SoSH Member
Oct 4, 2001
29,494
Not here
Yes.

There have not been that many, which opt outs harmed the clubs?
All of them.

The contracts then signed after the optout is a different beast. It can be argued that the team may be somewhat forced into resigning the player as its hard to plan if you don't know if they will opt out, but in most cases (all? ) it was pretty obvious.
http://www.mlbtraderumors.com/2014/02/opt-out-clauses-mlb.html
I don't get why this is so hard for people to understand. When a player exercises his opt-out, it's because he's performing well which means the result of the opt-out is that a player otherwhise under contract is now a free agent. You can't simply say that the contracts signed after the player opts out are a different beast entirely because IF THE PLAYER HADN'T HAD THE OPT OUT CLAUSE HE WOULD HAVE BEEN UNDER CONTRACT ALREADY so the team wouldn't have had to negotiate with either the player or their replacement. They'd have had a position filled with a quality player.

Seriously, people this is not hard to understand. The opt out shifts the burden of the worst cas scenario to the team while reserving the benefits of the best case scenario to the player. It's a huge benefit for the player. That's not something that can be debated by anyone who has any thoughts of being a reasonable person. If you disagree, you should stop because you're very clearly very wrong.

Now there may well be some times where the opt-out clause is worth it to the team, especially in a situation where it means the difference between signing a player and not, but pretending that it is anything but a huge benefit to the player is absurd.

I mean, seriously, do you not think the Dodgers would much rather have Grienke under contract than have to either give him more money or give someone else a lot of mony and hope they get a similar performance?
 

smastroyin

simpering whimperer
Lifetime Member
SoSH Member
Jul 31, 2002
20,684
A couple notes from the thread:

Crawford: Crawford hasn't exactly set the world on fire in LA either. I don't know that we can blame his Red Sox performance on the heebie jeebies. He'd had an equally bad year in 2008 in the middle of this Tampa run. Quite simply he got worse instead of better after signing the contract, and he and others used comfort in Boston as a reason for that. Really, in 2012 he was essentially the player they should have expected they were getting, and that is largely the player he has been, when healthy, in LA.

Lester: I think it is fine to talk organizationally, we have to presume Ben's limits were placed from higher up. Of course LL is gone now too, and probably more importantly, they had another bad year with empty seats, no playoff money, and shitty (compared to the glory days) NESN ratings. But, it is amazing to me how badly everyone has mis-read the market. I'm sure we could dig back through the many Lester threads, but I think everyone thought he was an overpay and that with the many pitchers hitting the market this year, salaries would likely not shoot up. So, hopefully we are saying the same thing about Price in a year or two (i.e. the Sox didn't make this signing at the inflection point of pitcher salaries).

Playoffs: I honestly think the organization will be happy if they have to worry about David Price's playoff resume.
 

chrisfont9

Member
SoSH Member
I'm sure ownership agrees but this option is not on the table. It's like dwelling on not buying a house for 200k and then bitching about paying 600k for a slightly better one later on when you reassess the initial market. Lester has nothing to do with Price. But it's not going to stop guys like CHB from making the correlation.
Last five years: Lester 19.2 fWAR, Price 26.3 fWAR. Lester is close to two years older. Lester was nothing special in the postseason this year as the Cubs crashed out to the Mets. I'm sure ownership has had its share of regrets and Rembrat is entitled to his preferences, but IMHO the Sox have pulled a Don Zimmer, to quote Bill Lee: falling out of trees and landing on their feet.
 

PayrodsFirstClutchHit

Bob Kraft's Season Ticket Robin Hoodie
SoSH Member
Jun 29, 2006
8,320
Winterport, ME
In what universe did Dave Dombrowski have the option of paying up for Jon Lester this winter?

As somebody already pointed out in this thread or another (can't find the post right this second), you can't hold BC's decisions against DD.
I do not see where anyone is posting that not signing Lester is the fault of DD. Those that wanted fan favorite and proven playoff winner/hero John Lester are still allowed to be disappointed that he was let go for less than hated pitching rival David Price was just signed.
 

chawson

Member
SoSH Member
Aug 1, 2006
4,675
With DD getting Price and Kimbrel plus the Mets going to the Series, I almost want the Yankees to go get Heyward. Provided Greinke signs with LAD or SF, it's the only way anyone in the AL East can really counter this move. The Jays' path gets much harder after Bautista, Dickey, and EE hit FA next year; the Rays are fine; the O's are fucked.

Scary to think the Sox still have the option to beat any other team's offer for Jose Fernandez should the issue arise.
 
Last edited:

1918stabbedbyfoulke

New Member
Aug 10, 2005
419
For those bitching about the opt-out.

He's not 25. He's not opting-out when he's hitting his prime. He will be 33 if he chooses to opt out. Great. I'll drive him to the goddamn airport. Give me your 3 best years left and let some other owner pay for your new 6 year deal when you'll be trending downward quickly at some point..
I think this is exactly the perspective behind the opt-out. If he wants to leave, let him go. I know this is not relevant to the Price situation, but how many times did Theo try to get out from under Manny's contract? If Manny had an opt-out and used it, Theo would have donned the gorilla suit and scattered rose petals in front of Manny on his way out of town.

Anyway, I think Dombrowski signed Price just to give us all a break from obsessing about NFL officials.
 

amarshal2

Member
SoSH Member
Oct 25, 2005
4,913
The value of the player option to the organisation is that it meant David Price signed on the dotted line where he may well not have otherwise.
Every player option does not come with a team getting David Price. For example, when the Yankees gave CC a player option, they did not also get David Price. For the 4th (?) time, I was taking about the value of player options, not the value of getting David Price.

There's a separate discussion many have assumed is the same. It was pointed out earlier that player options might have more value to the player than they do cost to the team. Hypothetically, it might be worth $3m/year to Price to have the opt out but the Red Sox might only estimate this at the equivalent of adding $1M per year. So the Sox and Price should agree to discount the contract somewhere between $1M and $3M per year - everyone is better off. (This isn't the only scenario that could make sense. A player might refuse to sign with a certain team without one.)

Anytime this unequal valuing of the player option exists between a player and a team they player option should be included in the negotiation. Money is typically worth about the same to the team and the player ($1 is $1) but any time you have a negotiable chip worth a lot more to one party than the other, you should try and work it into the equation. Negotiations 101.

Tldr: even though player options are net negative to the team, they have a place in baseball if the team can extract discounts from the player to make it worth while. Hopefully this was the case with Price.

Regarding the value of player options in a vacuum, I have seen only two arguments on this board I buy as being logical arguments for them being a benefit to the team (meaning a team would offer a bigger contract to a player to include a player option or at least be indifferent):
1) For some reason teams can't trade a player mid contract (eg fan pressure/optics) so they include the option hoping that it will save them from themselves or from their fanbase. I find it dubious but it's definitely plausible
2) as motivation to perform well in the year(s) before the option treating it as a contract year. There's some truth to contract year improvement so I buy this but I think the value is probably mote as a function to create the unequal valuing between player and team I described above and not enough to turn player options into an actual positive for the team.

I think that player options are not in every contract is proof that teams don't view them as a net positive. They are inarguably a net positive for the player so if everyone thought they were awesome they would be standard.
 

Savin Hillbilly

loves the secret sauce
SoSH Member
Jul 10, 2007
18,783
The wrong side of the bridge....
Seriously, people this is not hard to understand. The opt out shifts the burden of the worst cas scenario to the team while reserving the benefits of the best case scenario to the player. It's a huge benefit for the player. That's not something that can be debated by anyone who has any thoughts of being a reasonable person. If you disagree, you should stop because you're very clearly very wrong.
To the bolded: no. The worst-case scenario is completely, absolutely, positively, 100% unaffected by the opt-out. The only impact of the opt-out is to transfer control from the team to the player for the final years of the contract in the best-case scenario. Even in the very best case, that probably amounts to robbing the team of a pretty modest bargain. A fully healthy David Price, showing no signs of decline, may well be worth more than 4/$124M in the 2018-19 offseason market--but it's pretty unlikely that his performance in his age 33-36 years is going to provide a huge value surplus over that $124M figure. The opt-out is bad for the team in a relative sense--it gives something to the player while not giving the team anything in return, at least not in itself--but it's really a fairly trivial problem for the team. It's right to say that the opt-out benefits only the player. It's wrong to talk as if it subjects the team to some new and serious downside risk. All the downside risk is baked in either way.
 

jimbobim

Member
SoSH Member
Jul 14, 2012
1,558
Last five years: Lester 19.2 fWAR, Price 26.3 fWAR. Lester is close to two years older. Lester was nothing special in the postseason this year as the Cubs crashed out to the Mets. I'm sure ownership has had its share of regrets and Rembrat is entitled to his preferences, but IMHO the Sox have pulled a Don Zimmer, to quote Bill Lee: falling out of trees and landing on their feet.
I wrote something to this effect in the Who to Sign thread and it bears repeating for anybody who wants to beat the Sox over the head for letting Lester walk. Price by every metric except the postseason, smallish sample size, is better.

Would Cherington likely have signed Lester if he had the green light from Henry and Ownership? Yes. The Red Sox tried to go the more prudent more fiscally sound route and the pressure and glare of Boston overwhelmed the rotation in the 1rst half of the year/ when Buch was gone. This combined with Hanley, Pablo, Vic, Napoli doing terribly it became pretty clear, pretty early, the plan of overwhelming offense and average pitching had gone bust badly. In fact it had been executed much better in Toronto.

To me this is the CC deal redux with a more athletic lefty. The opt out is what killed the Yanks in that endeavor. As said upthread if he performs up to standard and opts out, hard to believe Sox look at the history and double down on the bet. Essentially, the Sox bought themselves three years to find another ace caliber pitcher.
 

KillerBs

New Member
Nov 16, 2006
943
No one is holding not getting Lester against Dombro but you cant help compare Lester's 6/155 (or 7/170) deal against Price's 7/210 (or 3/90) deal. On baseball terms alone, you cant really argue that the Lester deal would have been better for the Sox. The extra money only begins to really matter in 2021 at the earliest and Price's deal (assuming no opt out) ends in 2022. Price is 2 years younger at outset of deal and has been better. Sentimentally I would have preferred Lester over Price, but check back in 2018 when Lester at age 34 is making only 2.5m less than Price at age 32 and in 2020 when Lester may well pull down 30M at age 36 to Price's 30m at age 34.

Re the opt out, it is a game theory or micro economics question, but you cant always assume rationale actors. Price may opt out thinking he is worth more than 4/127 and indeed he may find a team that will pay him more than 4/127 but perhaps the odds are he is not likely to be worth either the 4/127 or what one team agrees to pay him.

In any event, I think the larger point is that the risk of David Price being good to great for 3 years and leaving behind that 4/127 (for his age 33-36 years) is way down the list of the risks attached to this deal. It is hard to assess without knowing whether there is any limit to Sox payroll, but the risk of having 30M a year in dead money for the next multiple years and as a result Mookie or Xander going into Cooperstown in pinstripes causes me much more concern.

Re the risk of Price blowing up in the next 3 years, the odds are what: 10-25% or more? I cant think of many similar lefties who in the last couple decades have been good as he has to age 29-30 who simply burned out by age 32: Johan Santana tops the list; Sabathia, though his weight and addiction put him in a different category; Zito and Mulder are not in the same league as Price at age 30. Chuck Finley and Mark Langston are decent comps with mixed results.

You also need to factor in the real possibility that even if Price blows up before the end of 2018 and hence doesn''t opt out, he could still return decent to very good value in the last 4 years. With his good control and easy heat, he strikes me as a guy who could re-invent himself in the David Wells, Jamie Moyer, or even Cliff Lee mold even after arm surgery.
 

LahoudOrBillyC

Indian name is Massages Ellsbury
Lifetime Member
SoSH Member
Dec 10, 2003
4,073
Willamette Valley
Logically, the opt out is better for the player. I doubt the Red Sox said, "Hey, we want to put an opt out in the contract." Price's agent demanded it.

But honestly, I don't care. The Red Sox got better and did not lose any players. Price is a better pitcher than Lester IMO, but I don't care about that either. Dombrowski has decisions to make now, and Lester was not an option for him. Should be debate the Frank Viola signing too. Let's focus on 2016.
 

Kun Aguero

New Member
I look at it this way. Barring a catastrophic injury, there is a zero to very slim chance that he is not worth every penny, probably even more, for the first 3 years. If he is, that increases the odds for his opt out substantially, But even if he doesn't, at that point it's a 4 year, $127 mill. deal. I think he will still be good enough to earn that contract also. I love this signing. It is simply fantastic. The odds he wont be worth it are minimal, IMO.
By the way, does anyone know what number he wants or gets?? 14 is retired.
 
Last edited:

Rough Carrigan

reasons within Reason
Lifetime Member
SoSH Member
I like the signing.
It's a lot of money but without some reasonable showing that this contract will prevent the Sox from spending on some other player I don't care about the money.

The Royals supposedly knew that Price was tipping off his changeup in the ALCS, so along with all the other caveats folks have already raised I guess I can get past the worry about his postseason record.
 

ArgentinaSOXfan

New Member
Jul 16, 2005
167
BueNoS AiReS
So from what I read, DD went after Greinke, he was our first and main target, gave his agent a deadline and then shifted to Price and got a positive answer (or met their demands) and here he is.
 

Rough Carrigan

reasons within Reason
Lifetime Member
SoSH Member
I look at it this way. Barring a catastrophic injury, there is a zero to very slim chance that he is not worth every penny, probably even more, for the first 3 years. If he is, that increases the odds for his opt out substantially, But even if he doesn't, at that point it's a 4 year, $124 mill. deal. I think he will still be good enough to earn that contract also. I love this signing. It is simply fantastic. The odds he wont be worth it are minimal, IMO.
By the way, does anyone know what number he wants or gets?? 14 is retired.
And upthread someone recommended #23 but wasn't that Luis Tiant's number? I don't really like that the still give it out to anyone but I think it would be a bit much for any Sox pitcher to wear #23 after Tiant.
 

Tyrone Biggums

nfl meets tri-annually at a secret country mansion
SoSH Member
Aug 15, 2006
6,424
I really don't understand the anger/unsettling feeling over the opt out. For the last month posters have said they didn't want to give this guy 7 years. People wanted an opt out. The Sox get Price with an opt out after 3 years and it's still an issue. Put it in these terms. If Price opts out after 3 years then this was a tremendous signing. 30 million is 20 million in MLB a few years ago. Times change. I'm sure the luxury tax is going to be drastically bumped during the next CBA negotiations as well.
 

shaggydog2000

Member
SoSH Member
Apr 5, 2007
11,561
I think this is exactly the perspective behind the opt-out. If he wants to leave, let him go. I know this is not relevant to the Price situation, but how many times did Theo try to get out from under Manny's contract? If Manny had an opt-out and used it, Theo would have donned the gorilla suit and scattered rose petals in front of Manny on his way out of town.

Anyway, I think Dombrowski signed Price just to give us all a break from obsessing about NFL officials.
Like the Crawford theoretical, I don't think a player would opt out of a deal if he wasn't sure he was going to get more money elsewhere. He would just try to force a trade. That way, the team would eat the lost value, not him. They'd either have to chip in cash or take back lesser talent. And the player gets to keep his payout the same.
 

Rasputin

Will outlive SeanBerry
Lifetime Member
SoSH Member
Oct 4, 2001
29,494
Not here
I really don't understand the anger/unsettling feeling over the opt out. For the last month posters have said they didn't want to give this guy 7 years. People wanted an opt out. The Sox get Price with an opt out after 3 years and it's still an issue. Put it in these terms. If Price opts out after 3 years then this was a tremendous signing. 30 million is 20 million in MLB a few years ago. Times change. I'm sure the luxury tax is going to be drastically bumped during the next CBA negotiations as well.
The anger about the opt out is that if things go poorly, it's still a seven year contract and if things go well, it isn't. The downside risk is all on the Sox and the upside benefit is all on Price. It's really pretty much that simple.
 

Savin Hillbilly

loves the secret sauce
SoSH Member
Jul 10, 2007
18,783
The wrong side of the bridge....
I really don't understand the anger/unsettling feeling over the opt out. For the last month posters have said they didn't want to give this guy 7 years. People wanted an opt out. The Sox get Price with an opt out after 3 years and it's still an issue.
THE SOX DO NOT GET AN OPT OUT ONLY PRICE GETS AN OPT OUT HOW HARD IS THIS TO UNDERSTAND
 

amarshal2

Member
SoSH Member
Oct 25, 2005
4,913
I think that player options are not in every contract is proof that teams don't view them as a net positive. They are inarguably a net positive for the player so if everyone thought they were awesome they would be standard.
Building on this, it's obvious that teams view player options as a net negative. That's why they're not ubiquitous and we only see them in super star contracts. The reasons for this are probably wishing to avoid uncertainty of who is on the roster and hoping to get a bargain that fights inflation. Perhaps there are more.

In short, it's not wrong to like the deal regardless of the player option. It's not illogical for the Red Sox to have included one and may have been a smart move. It's almost certainly wrong to be excited at the inclusion of a player option as though it were a win for the team.
 

Adrian's Dome

Member
SoSH Member
Aug 6, 2010
4,424
The anger about the opt out is that if things go poorly, it's still a seven year contract and if things go well, it isn't. The downside risk is all on the Sox and the upside benefit is all on Price. It's really pretty much that simple.
Except that's ignoring the scenario that the first three years could be good with a swift decline phase in the last four, which given his age I believe may be more likely than some here think.

Put this way: if he was 25, I'd hate the opt-out. At 30, nope, don't mind.
 

j44thor

Member
SoSH Member
Aug 1, 2006
11,013
Regarding the value of player options in a vacuum, I have seen only two arguments on this board I buy as being logical arguments for them being a benefit to the team (meaning a team would offer a bigger contract to a player to include a player option or at least be indifferent):
1) For some reason teams can't trade a player mid contract (eg fan pressure/optics) so they include the option hoping that it will save them from themselves or from their fanbase. I find it dubious but it's definitely plausible
2) as motivation to perform well in the year(s) before the option treating it as a contract year. There's some truth to contract year improvement so I buy this but I think the value is probably mote as a function to create the unequal valuing between player and team I described above and not enough to turn player options into an actual positive for the team.

I think that player options are not in every contract is proof that teams don't view them as a net positive. They are inarguably a net positive for the player so if everyone thought they were awesome they would be standard.
What about a team that doesn't really want to sign 30yo pitchers to contracts longer than 5yrs? There is no way Price was giving the team an opt out nor was he going to accept less than 7yrs on the open market but I wouldn't be at all surprised if Boston was fully supportive of the opt out given that perhaps their analysis justifies paying Price 3/95 but that the back end 4yrs bring considerable risk. They could have decided that other teams may be less risk averse to signing older pitchers to long term contracts and see this as a way to minimize the risk on a long-term deal. For all we know they assume this is a 3/95 deal. If Price had signed for 3/95 today I don't think anyone would be complaining.
 

moondog80

heart is two sizes two small
SoSH Member
Sep 20, 2005
8,213
Building on this, it's obvious that teams view player options as a net negative. That's why they're not ubiquitous and we only see them in super star contracts.
I think we only see them in superstar contracts because those are the only ones that are 6+ years.
 

kieckeredinthehead

Member
SoSH Member
Jun 26, 2006
8,635
The anger about the opt out is that if things go poorly, it's still a seven year contract and if things go well, it isn't. The downside risk is all on the Sox and the upside benefit is all on Price. It's really pretty much that simple.
It's actually not, but you'd have to ignore every other page of this thread and type in all caps to think otherwise.
 

Tyrone Biggums

nfl meets tri-annually at a secret country mansion
SoSH Member
Aug 15, 2006
6,424
THE SOX DO NOT GET AN OPT OUT ONLY PRICE GETS AN OPT OUT HOW HARD IS THIS TO UNDERSTAND
Oh I understand that. I didn't think my post came off as otherwise. But there's an opt out in the deal which most of the board wanted.
 

Lowrielicious

Member
SoSH Member
Apr 19, 2011
4,328
I don't get why this is so hard for people to understand. When a player exercises his opt-out, it's because he's performing well which means the result of the opt-out is that a player otherwhise under contract is now a free agent. You can't simply say that the contracts signed after the player opts out are a different beast entirely because IF THE PLAYER HADN'T HAD THE OPT OUT CLAUSE HE WOULD HAVE BEEN UNDER CONTRACT ALREADY
What is so hard to understand about the back end of big contracts being a huge risk of injury and/or accelerated decline. You generally get the value in the first few years, then pay for it later. If the injury/decline comes after the opt out has happened and some other sucker is paying the contract, then guess what? The team that let him go dodges a bullet and already received the ealry years value.

The opt out shifts the burden of the worst cas scenario to the team while reserving the benefits of the best case scenario to the player. It's a huge benefit for the player. That's not something that can be debated by anyone who has any thoughts of being a reasonable person. If you disagree, you should stop because you're very clearly very wrong.
Noone is debating who wins in those scenarios at both extremes. What you can't seem to grasp is there is plenty of middle ground between them.



All of them.
Nope.

Sabathia. Let him walk after 2011 and you have had three great years at a value cost, and avoid paying big bucks for 1 good year and three shitty ones. Team wins.

year IP ERA
7 years - 161
2009 230 3.37
2010 237.2 3.18
2011 237.1 3.00
opt out - could have let him walk.
signed 25 mill extension with 5 mill buyout making the original contract 8/186.
2012 200 3.38
2013 211 4.78
2014 46 5.28
2015 167 4.73
2016 ??


Arod. 2001 to 2007 for ~180 mill is a bargain. 2008 onwards for ~275 (minus the paycut for cheating) not so much. Let him walk and the club wins.

2001 Tex 162 1.021
2002 Tex 162 1.015
2003 Tex 161 .995
2004 NYY 155 .888
2005 NYY 162 1.031
2006 NYY 154 .914
2007 NYY 158 1.067
opt out - could have let him walk.
signed 10y 275 million.
2008 NYY 138 .965
2009 NYY 124 .933
2010 NYY 137 .847
2011 NYY 99 .823
2012 NYY 122 .783
2013 NYY 44 .771
2014 NYY 0 games 0 cost
2015 NYY 151 .842
2016 NYY ??
2017 NYY ??
 

amarshal2

Member
SoSH Member
Oct 25, 2005
4,913
What about a team that doesn't really want to sign 30yo pitchers to contracts longer than 5yrs? There is no way Price was giving the team an opt out nor was he going to accept less than 7yrs on the open market but I wouldn't be at all surprised if Boston was fully supportive of the opt out given that perhaps their analysis justifies paying Price 3/95 but that the back end 4yrs bring considerable risk. They could have decided that other teams may be less risk averse to signing older pitchers to long term contracts and see this as a way to minimize the risk on a long-term deal. For all we know they assume this is a 3/95 deal. If Price had signed for 3/95 today I don't think anyone would be complaining.
It is still a net negative to the team vs not having one because they could just not include the opt out and trade him after three years. I covered this in my post.
 

Tyrone Biggums

nfl meets tri-annually at a secret country mansion
SoSH Member
Aug 15, 2006
6,424
Bradford and Tomase on WEEI Hot Stove say they haven't necessarily ruled out that the Red Sox are still pursuing Zach Greinke even after signing Price.
There is zero chance in hell this happens. No way they hand out 2 contracts like this. I mean maybe someone like a Lackey type I could see but there is a limit on money.
 

mauf

Anderson Cooper × Mr. Rogers
Moderator
SoSH Member
In what universe did Dave Dombrowski have the option of paying up for Jon Lester this winter?

As somebody already pointed out in this thread or another (can't find the post right this second), you can't hold BC's decisions against DD.
I'll go a step further -- you can't compare BC to DD at all. BC operated under budget constraints that apparently aren't in place anymore; if BC had permission to spend $220mm or more per year, maybe he would've brought Lester back, but the consensus a year ago was that any leeway BC had was small and temporary, and that he was expected to get under the CBT threshold again in 2016.

We don't know what caused ownership's change of heart, but I wonder if LL's departure had something to do with it.
 

scotian1

Member
SoSH Member
Jul 19, 2005
16,380
Kingston, Nova Scotia
Some stats tweeted out by Gordon Edes that I really like:
Gordon Edes @GordonEdes · 1h1 hour ago
Also worth noting that at Fenway in 11 starts, Price was 6-1 with a 1.95 ERA. His .946 WHIP was lowest in any park w/at least 5 starts
Gordon Edes ‏@GordonEdes 2h2 hours ago
Worth noting that David Price in 2015 did not allow a stolen base. Two runners were thrown out attempting to steal. That's in 220 1/3 IP
Gordon Edes ‏@GordonEdes 2h2 hours ago
Worth noting: Price is 49-21 with a 3.17 ERA vs. AL East. That includes 16-2, 2.41 ERA vs Toronto
 

LostinNJ

New Member
Jul 19, 2005
479
He will take the opt out, and that's great news for us. This isn't a $217 million contract; it's a $93 million contract. If he pitches great for the next three years, the Red Sox will get more than $93 million of value from him, and they don't have to pay for his likely decline years. The Yankees can pay $35 million per year for those.
 

moondog80

heart is two sizes two small
SoSH Member
Sep 20, 2005
8,213
I guess it boils down to this: if Price has 3 years like he just had (in other words, really good but not historically so) and opts out, how likely is it that the Sox will have a better way to spend 124/4 than a 33 year old Price who still seems to have it?