Phillies/Madson Deal Could Set the Market Too High
The Phillies are reportedly in discussions to sign closer Ryan Madson to a 4-year, $44MM contract. If they do, they will set the bar for the free agent closers market.
It’s an inordinately high number of years and money for a closer. The agreement would be similar, if less dramatic, to the 7-year, $126MM deal signed by Jayson Werth last offseason. That contract drove the market for position players. Later that winter, the Red Sox signed Carl Crawford to a 7-year, $142MM deal and Adrian Gonzalez to a 7-year $154MM deal.
This offseason, if Madson is signed, free agent closers like Jonathan Papelbon will be licking their chops. And teams like the Mets, who desperately need a ninth-inning solution, will be palming their foreheads.
The Mets will likely not sign someone like Jonathan Papelbon, who figures to already require “Ryan Madson money.” But the market price will rise for closers like ex-Mets Heath Bell and Francisco Rodriguez, as well as riskier free agents like Francisco “CoCo” Cordero (at 37 years old, age is his risk), Frank Francisco (health), Brad Lidge (health), and Joe Nathan (age and health).
New York is also thin on in-house options. Both Bobby Parnell and Manny Acosta were given chances to close in September. Parnell blew 4 of 7 save chances that month. Acosta enjoyed some success, converting 4 out 6 save opportunities. Given the small sample size, however, he was not impressive enough to earn the ninth inning job for 2012. Jason Isringhausen did yeoman’s work following K-Rod’s departure, but the 38 year-old was obviously never in the team’s long-term plans.
In addition, GM Sandy Alderson has stated that revamping the bullpen will be a priority. “Of course the bullpen was a big disappointment — overall and certainly the last two months of the season,” he said. Certainly, he will look outside the organization for help.
With the Alderson’s team already on a tight budget, their search for a new closer will become that much more difficult. So, keep an eye on the negotiations between the Phillies and Ryan Madson. The outcome will affect the Mets.
$11MM/per for 4 years
$13MM option for the 5th year
Wow – typing it out…..that’s even more nuts than it was 30 seconds ago.
I mean, that’s essentially the “going rate” (::rolls eyes::) for a closer in this day and age.
Figure you’re going to drop $10MM/per at least, for a premium guy (I’m talking the Rivera’s and Papelbon’s of the world) – but that’s not to say I agree with it…..
………especially on a 4, possibly 5-year commitment.
The Phillies’ financial situation is completely different than ours at this point in time, however – seeing as they sell out every game down there.
Keep winning, and you can “afford” to make these kinds of commitments. Interested in seeing how long he’s able to produce on that kind of deal.
…..’cuz it’s definitely not one I would have preferred to dish out for Ryan Madson. Sounded like someone was hittin’ the bottle a bit the other night, and higher-ups are now realizing what kind of repercussions this might have with some other arms on the market.
Thing is there’s irrefutable evidence to support NEVER signing a pitcher of any sort to a multi-year contract. After they pass arbitration let them go. The Phillies are likely to regret this deal. It is just so awful I cannot find the words to express it. I’m thrilled they think this is a good idea, but I wonder how it will set the market.
As to Izzy, “too high” references the Mets. We all know capitalism and all that, but the market can be too high for what a team has or is willing to pay. No “myth” there.
The throwing money at the player approach has not meant lack of bargains and reasonable players. The Mets should be able to find someone. Tampa did pretty well with Kyle Farnsworth. Really, who expected he would be a credible closer?
A decent set-up guy, maybe. And, the Mets is not destined, as the Rays were last year, for a decent (if long shot playoffs) year of at least a few games above .500 baseball. Mediocre is cheaper. When they are more likely to be playoff caliber, a year or two from now, they might have more money to play with. Take that salary drain, Bay, off the books, for example.
I never said that’s what Rivera or Papelbon “made” – might wanna review reading comprehension, and look up the definition of “at least”…..
As I always say, and frequently do on here – whenever we’ve discussed closers, for years now…..nobody needs to drop that kind of money on the most overrated “position” in the game. Even $10MM/per is too high for a closer.
Nobody pitches like Rivera, over the length of time that he’s done it.
Nobody should get paid like he does.
Especially Ryan Madsen…….and I like him.
Pretty dip-sh**ty of you, that all you’ve gotten from my post is “I don’t ever want my team to be a winner”.
K-Bye.
Madson was paid $4.83MM last year to be the closer. Madson pitched to a 2.2 WAR in 2011 which is above average material.
Knowing that as a GM does that mean that the guy DESERVES a pay raise of 227% of his previous year’s salary especially when a market price has not been set yet in a year where above average to top quality closers are readily available?
IMO absolutely not. Terrible contract that drives up the cost of the remaining closers on the market.
Why? I figure he’ll have a great season, a good season and several ‘sub par’ and be graded as a fair FA. BUT he could be a piece that puts someone over the top.
……….crickets………..
I’d imagine the Phils go hard after Papelbon. Simply no need to have this kind of commitment to Madson.
Sounds about right.