Damaso Marte Signed by Yankees
A day before hitting the market, Damaso Marte re-signed with the New York Yankees.
The Yanks signed the lefthander to a three-year deal for $12M.
Interesting decision on both sides, as the Yankees initially declined a $6M option on the 33-year-old reliever for ’09. Considering his advancing age and ineffectiveness down the stretch, one would think the Yanks would have exercised the one-year deal, in the hopes that he’d be motivated to pitch for another contract, and still be protected if he continued to regress. Now, they’re on the hook for twice as much money, paying through 2011.
From Marte’s perspective, he might have commanded a better deal on the open market, which has plenty of quantity but very little quality. It seems this was a situation of the player really wanting to be on the team, and the team wanting to keep the player, and both sides making concessions toward that end — as opposed to a purely financial decision.
Of course, the Yankees can afford to make million-dollar mistakes on pitchers (Pavano, *cough cough*, Jaret Wright, *cough*, LaTroy Hawkins, *cough*).
On the one hand, this sort of sets a bar for a reliever with previously mixed success and in his 30s. On the other hand, it removes a decent middle man / potential setup reliever from the market, thereby increasing the value of the few quality arms available.