Yoenis Cespedes unofficially agreed to a deal with the Mets:
A person familiar with the negotiations tells The Associated Press that outfielder Yoenis Cespedes and the New York Mets have agreed to a $110 million, four-year contract.
The person spoke to the AP on condition of anonymity Tuesday because the agreement is subject to Cespedes successfully completing a physical.
The 31-year-old Cespedes gets a full no-trade provision as part of the agreement. The deal’s $27.5 million average annual value ties former Yankees third baseman Alex Rodriguez for the second-highest among position players, trailing only Miguel Cabrera’s $29.2 million with Detroit.
I really like this contract. Cespedes averaged 4.4 WAR per year over the last three seasons. If you figure a 10% fall-off per season (since he is over 30), he would generate 13.6 WAR over the life of the contract, which at $8 million per WAR comes out to $110 million. Cespedes went for a very high average value instead of a long-term contract. If he plays well over the next four seasons, he can cash in at an even higher rate for his remaining WAR, and in the mean-time gets to be among the highest paid players in the game on an annual basis.
In general, I think players would do better in the long run if they did shorter contracts with a higher average value. It works for the clubs, too, as they are not paying a player too much after his production drops. I hope to see more of this kind of deal.
from baseballmusings.com http://ift.tt/2ghbBdW
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