Str8Shooter wrote:I don't understand these huge extensions for people that will take them into their late 30's or early 40's. Do GM's never learn that these type of long contracts rarely work out for the best. Most of the time the players are barely worth a third of the contract by the time it nears it's end.
The idea is you work out the value of a win in baseball, then multiply that by the amount of wins you expect that player to add over the course of the contract (WAR). Obviously you expect a higher WAR earlier in the contract then later, but the average over the contract should even itself out.
Of course the subjective bit is the amount of wins, the value for the wins and the market value of overpaying a guy to NOT be playing against you.
Good side is that Miggy plays in the AL so can always fall back to DH and has good enough contact that even if he becomes a .300 25 guy, he will still be a great layer to have.
The only issue is if he becomes trade bait because you've removed all but about ten teams who could take him off your hands.