PDA

View Full Version : Jason Giambi - Bad Signing By NY?


Crash Course
04-05-2004, 02:21 PM
The Yankees have no complaints with what they got from Giambi in 2002 and 2003.

But, his contract runs through 2008.

This season, there are concerns about his knee - and, he's just 33.

What will be his condition in 2006 when he's 35? Or, 2008 when he's 37?

Seems like a lot of money to tie up on a player who will be a DH only and a liability on the bases, no?

Makofan
04-05-2004, 02:44 PM
How is his contract structured? Did they even it out so that he is underpaid the last few seasons? For example, if he is worth (in millions) 18 18 (last two years) and 16 14 11 9 6 in future, are they paying him 12 a year or 16 a year?

Crash Course
04-05-2004, 02:55 PM
From http://www.bluemanc.demon.co.uk/baseball/mlbcontracts.htm

2002: $8.0M (+$17.0M signing bonus paid over 6 years)
2003: $9.0M
2004: $10.0M
2005: $11.0M
2006: $18.0M
2007: $21.0M
2008: $21.0M
2009: Team option $22.0M or $5.0M buyout

Those last two years at $21 will be a killer!

More on the contract, back from 2001: http://www.mlb.com/NASApp/mlb/mlb/news/mlb_news_story_bb_perspectives.jsp?article=1213200 1-1416

TimmyB
04-05-2004, 03:10 PM
He's going to be a pricey DH... which is tough because Bernie is looking more and more like a DH these days. Giambi's contract is bascially unloadable in the current atmosphere, so, they'd better hope the drop in weight will take some of the stress off he knees.

This'll probably be a deal they will come to regret (not in the way that other teams with a ceiling to their payrolls would regret it, but, they'll regret it all the same).

Makofan
04-05-2004, 03:15 PM
From http://www.bluemanc.demon.co.uk/baseball/mlbcontracts.htm

2002: $8.0M (+$17.0M signing bonus paid over 6 years)
2003: $9.0M
2004: $10.0M
2005: $11.0M
2006: $18.0M
2007: $21.0M
2008: $21.0M
2009: Team option $22.0M or $5.0M buyout



So we are looking at 11, 12, 13, 14, 21, 24, 21, 5 (approx factoring in bonus)

I would say that they will be paying 66 mill over 3 years for a retired or injured non-productive player, but their 2002, 2003 seasons were a steal; the contract averages out at 16 mill per year and I don't think they will get more than this year and next for remotely near that price

Crash Course
04-05-2004, 03:18 PM
He's going to be a pricey DH... which is tough because Bernie is looking more and more like a DH these days. Giambi's contract is bascially unloadable in the current atmosphere, so, they'd better hope the drop in weight will take some of the stress off he knees.

This'll probably be a deal they will come to regret (not in the way that other teams with a ceiling to their payrolls would regret it, but, they'll regret it all the same).

Williams is signed thru 2005, with an option for 2006.
Giambi probably means that Williams will not be on the team in 2006 - unless they let Matsui go back to Japan and play BW in LF. Possible.

Crash Course
04-05-2004, 03:20 PM
I would say that they will be paying 66 mill over 3 years for a retired or injured non-productive player, but their 2002, 2003 seasons were a steal; the contract averages out at 16 mill per year and I don't think they will get more than this year and next for remotely near that price

Best bet may be to plant some banned PEs on him and call the feds! ;)
Man, that $66 mill is going to be a drain, even for Stein's pockets - assuming Stein is still around then.

JamesI
04-05-2004, 05:43 PM
I don't think Giambi will still be a Yankee for long. After 2005 or 2006, he'll either retire due to bad knees or be moved with a pile of cash somewhere else.

I think his contract is crazier than ARods.

gyb13
04-05-2004, 05:47 PM
i think the criticism of this contract hasn't changed since it was signed. Even back then, it seemed crazy to be rewarding a 36 or 37 yr old DH with $20 mil + a year. Although now that contracts have deflated a little, it looks even worse.

sweaver
04-05-2004, 08:47 PM
Some expressed reservations about the contract from the beginning: http://www.netshrine.com/vbulletin2/showthread.php?t=1320&highlight=giambi+contract

KCBOOMER
04-05-2004, 10:42 PM
If anybody can eat such a contract it is the Yanks. I don't think it will faze them to much. Imagine if the A's had kept him under similar contract terms. That would have been a disaster.

Crash Course
04-05-2004, 10:56 PM
Not sure NY can eat that. A-Rod and Jeter will be around $20 each at the same time. Plus, NY will need a whole set of SP by 2006 - at least 3 SP - which they have not developed.

They could have a homegrown 1B by then (Duncan) and a C (Navarro) which will help. They'll need at least one OF by then from outside too. And a closer.

If they have to get 5 FAs to cover slots, and that runs about $60 mill - and another $60 mill for Giambi, Jeter and A-Rod - that's $120 mill for 8 players. Assume that the other 17 players cost $70 mill..........that's close to $200 mill for the team............hey, maybe they can afford it?

But, if Giambi is a one legged DH by then, it still hurts.

Crash Course
05-14-2004, 10:19 AM
Not good news: http://www.newsday.com/sports/baseball/yankees/ny-spynotes143801772may14,0,4905016.story

hmrsf
05-14-2004, 09:10 PM
Some expressed reservations about the contract from the beginning: http://www.netshrine.com/vbulletin2/showthread.php?t=1320&highlight=giambi+contract

I love reading old threads.

Buzz and Mainsr were some of my favorite posters.


Back on topic. Long term deals never seem to pan out at the end of the contract.

Crash Course
05-14-2004, 10:37 PM
:topic: Got an e-mail from Buzz the other day. He sat next to Carlton Fisk on a plane ride and has some nice stories. He promised me he would post them here some day. Better hurry before 6/26!

On topic - Giambi was not starting tonight. Not good.

LargeBill
05-15-2004, 12:03 AM
Not good news: http://www.newsday.com/sports/baseball/yankees/ny-spynotes143801772may14,0,4905016.story

By definition, anything bad for the Yankees is good.

This plays into the argument about whether small market teams can do well consistently. Yankee fans like to point to the fact that several of their key players (Jeter, Williams, Posada, Rivera, Pettitte) during their recent run were home grown. That has always struck me as a odd way to prove that they aren't winning just because of money. It actually proves the opposite. Other teams have to decide whether they can survive keeping their best player after FA year. The Yankees can write off a couple bad contracts and move on. Oakland signs Giambi or Cleveland signs Belle,Ramirez or Thome and they are crippled.

TimmyB
05-15-2004, 10:54 AM
By definition, anything bad for the Yankees is good
:beer:

The Yankees can absorb this (if it comes to it), sort of... It'd be hard to go spend big bucks to try and find a Giambi-esque replacement at big $$$.

Bad deal? Probably looking worse every day. When the Union begins their now annual sad song-and-dance about collussion and how no one is getting the big offers anymore, they can turn to what this deal is starting to look like as Exhibit A.

thermos
05-19-2004, 11:39 AM
Not good news: http://www.newsday.com/sports/baseball/yankees/ny-spynotes143801772may14,0,4905016.story

Will's Monday column on BP (http://www.baseballprospectus.com/article.php?articleid=2877) included some speculation that Giambi might have a groin injury which, if he had it, could somehow be related to steroid use. It struck me as somewhat of an odd layering of speculation for Will's columns, but so be it. I guess its up to the reader to decide what credence, if any "whispers" merit.

sweaver
05-22-2004, 05:48 PM
Giambi hit the DL: http://sports.yahoo.com/mlb/news;_ylc=X3oDMTBpcDBuM2RlBF9TAzk1ODYxNzc3BHNlYwN0 aA--?slug=ap-yankees-giambidl&prov=ap&type=lgns

Golden Bear
05-23-2004, 03:16 AM
Between Giambi, and Bernie, and perahps Jeter and Sheffield, and the average age on their pitching staff -- the Yankees could be heading toward a period like they endured during the mid '60's, where they pay the price for wringing every drop out of a dynasty.