Amazinz wrote:CadensDad wrote:Amazinz wrote:CadensDad wrote:Well thats ALOT of money to pay out for one pitcher who is well beyond his prime. It's be a HUGE shock to me if they picked up that option.
The option includes the deferred money owed to him. If you look at the entire contract renegotiation the Mets are basically paying Glavine $10M for 2006 and 2007. Is it still too much? Maybe but Glavine would get $10M as a FA easy.
The option isn't deferred, his contract through 06 is and it's only at like 6%, And I seriously dont see Glavine getting 10Mil as a FA. More like 5-7M. He's still a solid pitcher but no stud anymore.
I didn't say the option was deferred. I wrote
the option includes the deferred money from 2006 and it does. Which is why the Mets are paying him ~$10M for next year because the rest of the contract is owed regardless of whether or not they pick up the option. I really don't understand how you think Glavine might net only $5M in FA. Have you seen the inflation of pitcher salaries lately? Either way I think it's prudent for the Mets to "overpay" Glavine, even if it's to be their #3 or #4.
Tom Glavine p
1 year/$10.5M (2006), plus 2007 option
contract restructured 5/06:
reducing 2006 salary to $7.5M
(with $5.25M deferred at 6% interest)
adding 2007 option
$5.5M 2007 player option ($3M buyout)
(increases by $1M each for 180, 190 & 200 IP in 2006)
$12M 2007 club option ($3M buyout)
(increases by $2M with 180 IP in 2006)
performance bonuses may increase 2007 salary to $14M
3 years/$35M (2003-05), plus 2006 option ($2M buyout)
03:$11M, 04:$10.5M, 05:$10.5M, 06:$6.5M mutual option
2006 option becomes guaranteed at:
$10.5M with 600 IP 03-05 or 200 IP 2005
$9M with $1.5M in incts with 580-600 IP 03-05 or 200 IP 05
$8M with $2.5M in incts with 560-600 IP 03-05 or 200 IP 05
option vested at $10.5M ($5.25M deferred at 6% int)
absent vesting, 06 option is mutual, for $6.5M, $4M in incts
no-trade clause
$50,000 All Star incentive
signed as a free agent 11/02
4 years/$34M (1998-2001), plus $8M 2002 club option
2002 option vests with 445 IP (2000-01) or 228 IP (01)
signed 5/97
4 years/$20.5M (1993-1996), plus $5M 1997 option
$1M signing bonus
93:$4.5M, 94:$4.5M, 95:$4.5M, 96:5M, 97$5M option ($1M buyout)
signed 12/92
1 year/$2.975M (1992)
drafted 1984 (2-47), $85,000 signing bonus
agent: Gregg Clifton
ML service: 18.052
http://mlbcontracts.blogspot.com/2004/1 ... -mets.html