Morning Lede: Should the Tigers lock Justin Verlander into a long term deal?
Carrying over some of the conversation from yesterday's posts, let's give it a full topic and a poll question.
The Tigers and Justin Verlander appear set to go to arbitration. (They won't, I'm sure.) So you know the two sides are sitting down at the negotiating table right now trying to find a number that looks better than $6.9 million to Justin, and one that looks better than $9.5 million to the Tigers.
While they're there, why not try to buy Verlander (stats) out of his next two arbitration seasons at a bit more money than he'd expect to earn, meanwhile seeing if he'd like to stay in the Old English D for another season or two when those are over?
From a purely baseball perspective, my opinion is obviously "Get it done yesterday." Verlander is one of the top starting pitchers in the game. He's just age 27 at the start of the 2010 season. Likely, his peak years are the next four or five. Having him as the ace atop a young staff with Rick Porcello, Max Scherzer and later Casey Crosby and Jacob Turner can only have you salivating about the possibility of 95- or 100-win seasons in the future ...
Well, if the Tigers find some batting, anyway.
Which brings up the counter-argument. Great pitching and great defense are one way to build a pretty good team. But if you want to compete at the highest levels, you need to have some really good hitting to go with it. The Tigers do not appear to have any great hitting prospects who are two or three years out in the minors. They'll have to spend money in order to bring some of the better hitters into the fold, and they'll have multiple positions to fill beginning in 2011.
If the Tigers play in a budget-free zone, no sweat there. If the Tigers intend to spend closer to $100 million than $150, then they might not have enough money to get all the players they need and need to make the best use of the money they do have.
Another argument you might make, on either side of the equation, pitchers can be more inconsistent year-to-year and have a greater possibility of catastrophic injuries than hitters do. Is this reason to lengthen the contract in case of failure, or shorten it?
So I'll try to make the discussion a bit more open ended than the poll can be. How long do you want the Tigers to sign Verlander? And at what price per year? Are you afraid of the Tigers being stung again like they have been with extensions to other pitchers?
Some recent contracts to consider: Josh Johnson just got 4 years, $39 million. Felix Hernandez signed for about 5 years, $80 million. Presumably, Verlander should sign somewhere in between if he were to sign this offseason. (But maybe Verlander thinks he's worth CC Sabathia money (7y, $161m) and holds out hope the Yankees come calling, so he shoots down talks until he is a free agent, too.)
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I can't help
but think if they don’t lock him up we might be watching play somewhere else after next season.
Justin Verlander is one of those guys you can pay...
and I didn’t realize this until I broke apart his mechanics. He has very good mechanics that generate lots of velocity and put very little strain upon his throwing arm. If there are injury concerns for the guy, there really shouldn’t be outside of a freak accident. I’m just not sure how I’d go. So I’m going with 75 even though I accidentally hit the 50 mil button.
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It is a tough call. Verlander was the second most valuable pitcher in baseball last year (WAR via Fangraphs), but he is only one year removed from a very difficult 2008.
Exactly....
….He is no doubt a great pitcher but many people said in 2008 that he was done or at least not worth 75 mil I bet…..we have to be careful here.
by BennieBladesFan on Jan 20, 2010 11:59 AM EST up reply actions
True enough
But ask yourself – which Justin Verlander season appears to be the outlier: 2006, 2007, 2008 or 2009? You can’t ignore ’06 and ’07. They happened.
Poll amounts subjective
How many years are we talking about for the amounts of money you can chose from in the poll. Which one of those dollar amounts is reasonable depends a lot on how long the contract is for.
So I’ll try to make the discussion a bit more open ended than the poll can be. How long do you want the Tigers to sign Verlander? And at what price per year? Are you afraid of the Tigers being stung again like they have been with extensions to other pitchers?
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by Kurt Mensching on Jan 20, 2010 11:36 AM EST up reply actions
Went for $50 mil
Tigers have been burned by the high dollar long term contracts. $50 mil buys you 5 years, more or less.
If the starting point is the ~$8.5 or so they’ll probably end up at this year, a raise of 750K per year makes the final year worth 11.5, averaging out to 50 mil/5 years.
Would he go for that? Or is Verlander willing to take a short term deal, and try to replicate dominance for a second straight year in an effort to score a huge deal?
After all, he took a step back in 2008 before roaring in 2009. And the projections on his Fangraphs page only have him winning 15 games next year, at best (discounting the “Fans”), as well as regressing on the k/9, bb/9 and other metrics.
Turn the question around, then: Would it be in Verlander’s best interest to lock himself into a long term deal with the Tigers?
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5-6 years for around $100 million
He is a work horse, he is in his prime(27) and he doesn’t weight a million pounds(sabitha). He is worth the money.
After reading JKLs post I think 5years at 75 million
would probably be about right. Based on Felix’s deal, even though I originally picked 100 million.
+1
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by David Tokarz on Jan 20, 2010 1:58 PM EST up reply actions
Sabathia is worth his weight in World Series rings
The guy got the job done, you can’t argue with the results.
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Just if I were a mid market team locking a player up his size I would be concerned about his health.
Sorry didn’t mean to make this two posts.
compare to king felix
King felix and JV are essentially the same pitcher. For that reason i would offer a very similar contract in the area of $14-16 million a year for 5-6 years. Totally worth it if we have him through his prime.
by jkl52588 on Jan 20, 2010 11:42 AM EST reply actions 1 recs
They aren’t the same pitcher. Felix is over 4 years younger than JV and Felix has been better than Verlander for every year they’ve both been in the MLB save for 2009.
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I disagree
Verlander was better in ‘06 and ’07, Felix was better in ’08 and ’09. Though, honestly, with the exception of Hernandez’s ‘06 and JV’s ‘08, we’re really splitting hairs. You’d be happy with either guy. Incidentally, The King is my favorite non-Tiger. He’s retarded fun to watch.
I disagree, again. Felix has always K’d more people, walked the same number as JV, and gotten more GB’s. All while being younger. Their FIP’s bear this out, as well:
Verlander, 06-09: 4.35, 3.99, 4.18, 2.80
Hernandez: 3.91, 3.75, 3.80, 3.09
Or, if you prefer a pitching metric that is based on the TYPES of batted balls the pitcher gives up, tRA is your metric.
Verlander 06-09: 5.42, 4.37, 4.50, 3.26.
Hernandez: 4.19, 3.82, 4.19, 3.31.
Those are scaled as “runs allowed” so you have to multiply by .92 since 92% of all runs allowed (or thereabouts) are earned runs, so you get tERA which go:
Verlander 06-09: 4.99, 4.02, 4.14, 3.00
Hernandez: 3.86, 3.51, 3.86, 3.05.
And just on a pure, non statistical level: I would trade Justin Verlander straight up for Felix Hernandez tomorrow and think we’ve upgraded our rotation by a decent amount.
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by Mike Rogers on Jan 20, 2010 4:01 PM EST up reply actions 1 recs
This
Verlander is great, yes, but we’re vastly underestimating how good King Felix is and how much room he has to improve.
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by David Tokarz on Jan 20, 2010 5:04 PM EST up reply actions
Touche, salesman
Felix is one of a select number of pitchers for whom I’d trade Verlander straight up (Greinke and Lincecum are two others who come to mind).
But a counterpoint to your argument – WAR has a pretty much dead heat in ‘06-’09 (JV at 18.8, FH at 18.6). They were identical in ‘07 and JV was better in ’09; Felix won out in ’06 and ’08. Speaking of which – what the hell happened to the King in 2006? He had an ERA of 4.52, but his other metrics graded out very well. Methinks Seattle’s defense sucked that year.
Also, Felix hasn’t “always” struck out more hitters than Verlander, as JV had a higher K/9 in ‘07 (8.17 vs. 7.80) and ’09 (10.09 vs. 8.18). Felix has consistently bested him in K/BB, though (excepting ’09). And he’s a GB machine. So yeah, it’s semantics. I love me both guys, but think KFH is the better hurler.
Yeah, semantics for the most part. The WAR I’m assuming is that Safeco is more of a pitchers park than CoPa (Tigers fans don’t talk about it, but we’re actually a neutral ball park/even favor hitters in recent years a bit).
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Using Rally's WAR since JV's been a full time starter
Hernandez has a 15.3 WAR and JV has a 14.7 WAR. With both methods, they are pretty similar and their CHONE projections are basically identical. Hernandez is projected a 50 runs above replacement level and JV is projected at 49 runs above replacement level.
Felix projects better long term b/c he’s younger, k’s quite a few batters, has pretty good BB/9 numbers and is an extreme ground ball pitcher. He’s basically the ideal pitcher. But, in terms of production the last 4 years and using the CHONE pitching projections, the difference between the 2 is not as great as one would expect. I remember reading a Tom Gage story that used Hernandez as a comp to Verlander by using traditional stats (like wins) and I thought he was way off. Then, I looked at their numbers and I was surprised to see that Verlander is not that far off of Hernandez.
Verlander's Point of View
No smart pitcher in Verlander’s shoes goes for Sabathia money at this point in their careers. (And no smart agent promotes this). Right now, Verlander can probably sign for 4 or 5 years at an average of 12-15M per year. I think the Tigers would agree to this knowing that they would overpay this year and next year, but be getting a deal after that. Verlander, meantime, would be very comfortable for the rest of his life, even if he blows his shoulder out in his first inning of spring training in ‘10. If things go well, he will be 31 or 32 years old, hitting the open market, and will be able to command a 3 or 4 year deal for 20 or 25M per year. (There’s your Sabathia money).
If he waits two years – we’re talking 450 innings of 100mph fastballs – to get the big bucks, he’s insane and his agent obviously likes to gamble his 10-15% as well. There’s no way you pass up 50M or more in career earnings and hope that your arm holds out for two years so you can get 150M. That’s like playing Deal or No Deal with 8 cases on the left side and one biggie on the right.
Where to spend
Kurt, I love your argument about how we should be spending money. I also feel that having Verlander tied up for 5 years is a great idea on the surface, but in 2012, we might be pretty happy with a rotation of Porcello, Sherzer, Crosby, and Turner. Then we’ve got an extra 20M to add a 5th starter and some bats. 20M can buy a lot of stick.
IF they pan out
There’s still major risk involved with all pitching prospects.
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by David Tokarz on Jan 20, 2010 1:58 PM EST up reply actions
TINSTAAPP
There Is No Such Thing As A Pitching Prospect.
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Exactly
Might all work out theoretically, but if we go only by theory, Mark Prior and Kerry Wood have won multiple Cy Youngs with the Cubbies…
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by David Tokarz on Jan 20, 2010 5:05 PM EST up reply actions
Dusty Baker
For what he did to Prior alone (my god, he had such a smooth pitching motion …) my mom would without a moment’s hesitation run him over with her car, then back up to make sure she got him. And she’s a mild-mannered grandma. :)
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If there was the death penalty in baseball
He should get it.
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by David Tokarz on Jan 20, 2010 9:34 PM EST up reply actions
There is. He gives it to his pitchers careers.
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Four years, $65 million
I would try to backload it as well, given the Tigers current situation and the great amount of future payroll flexibility coming up. Maybe something like $10, $17, $18, $20. After factoring in the backloading, it comes out to about $16 million a year.
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Pay the man...
He’s the most important Tiger since Al Kaline (or has that honest potential, anyway). If the Tigers don’t give 110% to the effort to keep him and he walks in his prime, nothing good can come of it.
I can’t put a numerical value on it, but I have a hunch they’re going to throw the Brinks Truck at him. Ultimately, it’s going to come down to whether he wants to be an icon for all time in Detroit or “just” another in a long line of greats in Boston or New York.
Also
I absolutely love the idea of having that stacked rotation that goes five deep in power pitchers. I know we don’t have the sticks, but if it’s between hitting and pitching, I’ll take the pitching all day thank you very much. Just think about those great Braves teams of the 90s.
I’m not too concerned about our future offense, because we have Cabby locked up for awhile, as well as Sizemore, Avila and a good amount of promising young OFs in Jackson, Boesch, Rayburn, Wells, and Thomas. The only real concerns are SS and 3B, and that’s nothing free agency can’t fix.
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Yup...
……i always say pitching over hitting….thats why I loved the Valverde signing…..Great pitcher.
by BennieBladesFan on Jan 20, 2010 12:42 PM EST up reply actions
Braves were consistently a top level club in the NL offensively. People never give them that aspect. Only in 1995 (ironically) were they below average in runs scored per game.
1991: 2nd in NL at 4.62 r/g. Trailing Pitt.
1992: 3rd in NL at 4.21 r/g.
1993: 3rd in NL at 4.73 r/g.
1994: 5th in NL at 4.75 r/g.
1995: 9th in NL at 4.48 r/g.
1996: 5th in NL at 4.77 r/g.
1997: 3rd in NL. at 4.88 r/g.
1998: 5th in NL at 5.10 r/g.
1999: 7th in NL at 5.19 r/g.
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If you get rid of Granderson, you need to lock up Verlander long term
Strictly from a fan’s perspective, you shipped off the most popular position player, so signing Verlander long term would show the commitment to winning.
I think you can copy Felix Hernandez’s deal and maybe shrewd negotiations could save you 5 or 10 million.
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by ReichardZ on Jan 20, 2010 12:25 PM EST reply actions 1 recs
Exactly
I’ve been thinking about this, and if we give JV a big-money extension, then the whole Granderson trade makes sense. Think about it, in 2013 we would have owed about $50 million to three players (Cabby, JV, Grandy).
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Lock him up...
That said, I’d look at the Felix deal as the ceiling. I think that if you can get him for 5 years at about $15M then you’re looking at a good deal. The whole point of buying out arbitration years is that you get a discount in the free agent years in the future. Say Verlander ends up averaging $10M over the next two years through arbitration but is worth closer to $18-20 per year on the open market, then I think that $15M/yr (balanced however you want) represents a fair deal for both sides.
On the issue of whether the Tigers should lock themselves in to Verlander, I say yes yes yes. You are already committed to Cabrera—this locks down your ace for that same span giving you a defined window to win. Your younger pitchers will still be relatively cheap because they’ll all be under team control for that entire time.
Apparently, you guys think like I do
At least based on poll results. $75 million over 4 years with some sort of option for a 5th year sounds reasonable for both parties.
5 yrs, $ 80 mil, or 6 yrs/ 100mil
Better yet, five years with an option.
8 + 12 + 20 + 20 + 20 = 80
The club has to get some benefit in exchange for eating all the risk of injury in the next two seasons. Verlander could get hurt, like so many other pitchers, and his dream of a $ 100 million contract goes up in flames. By shifting that risk to the club, he guarantees that he’ll get a monster pay day, but it should be a few mil short of what he’d get if he were to go through two more years of arbitration, then sign a big fat deal with the highest bidder. The above deal is in line with what King Felix got from the M’s- a little more, in fact.
Yes, the Tigers need more offense. And some $ 70 million comes off the books after the 2010 season. Another 13 mil comes off the books after 2011, when Guillen’s deal is done. There isn’t another huge free agent contract issue in the pipeline after that until Porcello has six years under his belt. Git r done.
I must say, this is the most optimistic I have ever seen you comment!
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by Kurt Mensching on Jan 20, 2010 1:09 PM EST up reply actions
We're assuming JV is looking to lock himself in
With Johnson off the market for 4 years and King Felix for 5, Justin might look a whole lot prettier in two years, assuming he remains true to form. I can imagine Justin with a little cartoon character on each shoulder, one saying “Take the money and run in two” and the other saying “Long term, boy. Think long-term”. Trouble is, I don’t know which is the angel and which is the devil.
Verlander will also be 29 in two years
King Felix, not so much. Hernandez can be a free agent at age 28. You have to take that into consideration when doing the calculus.
Don't backload it
Even though our payroll becomes a lot more flexible in 2011 and beyond I still say a backloaded contract is a major risk. Look at all of them that are currently biting us in the ass. May as well spread it out evenly so we don’t risk ending up in another situation like we’re in now a few years down the road if Cabby and Verlander end up hurt or declining sooner than anticipated.
I voted liberally at 6 years, $100MM,
mostly because it would be an interesting off-season with both Verlander and Cabrera heading into free agency.
in for the long haul
tigers have to lock him up for the next 5-6 yrs…i can support 5 yrs-75m..even 6 yrs for 100m..if they don’t sign him long term and he goes out and has another great season, he’s gonna hold out for the highest bidder…and Tigers don’t need to get into that..sign him now while we still have him
Give me 4 years, $50 mil.
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I'd tack on a team option here
Say, $18-20mm?
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by David Tokarz on Jan 20, 2010 5:06 PM EST up reply actions
Ideally, yeah. Don’t know how big of a sticking point a team option is for some players. Might have to make it mutual or something of that ilk. Ideally, I’d like to buy out 2 years of his FA.
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you may want to look at some comps - pretty sure verlander's agent will
Verlander comp set is pretty wide. I’d think his agent is trying to gauge his free agent value by looking at top free agent deals from current and last year (years/total/age 1st year of deal)
Lackey – 5/82m/30
Burnett – 5/82m/31
Sabathia – 7/161m/27
Peavy – 3/52m/28
Halladay – 3/60m/33
And he’ll look at deals signed this and last off-season that bought out arbitration years. In each of these cases, the signing team bought out final two years of arb (years/total – age 1st year of deal)
Hernandez – 5/78m – 24
Greinke – 4/38m – 25
Johnson – 4/39m – 25
Hamels – 3/21m – 24
There are some good comps/nteresting cases to be determined still: 2010 free agency class is impressive: Webb, Beckett, Lee, and Cain. I’d think Lee and Beckett get more than Burnett/Lackey and maybe even more years. 5-6 years for $90 – $115m. Also, Lincecum arbitration deal is important to Verlander as well. If he gets $13m in this round, that would mean Verlander’s case for next off-season would be at least $11m.
Verlander will be 29 at free agency. I’d think his agent has convinced him that if all goes well, at least a 5 year/100m would be waiting for him. (Sabathia contracts looks like such an outlier at this point) And, that if he plays out the string with arbitration, Verlander should get $18m over next two seasons.
So, triangulated the comps of arb buyouts, free agent deals, and verlander expectations, (and not factoring intangibles like where does JV want to play, does he mind being traded before 2011 season, etc) I’d guess Verlander would accept a 4 year deal with average annual salary of $15m. 4 is probably preferred over 5 (unless of course the average annual is higher) since it puts him back on market as a 30 year old where he’d probably get a Lackey+ deal with 2014 market inflation.
Guess: 4 years/$60m

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