Sports

Padres, Yu Darvish agree to extend for another 6 years

Padres and the right-hander Yu Darvish are agreeing on a six-year extension that will run until the 2028 season, reports MLB.com’s AJ Cassavell and Mark Feinsand (Twitter link). Darvish, a Wasserman customer, already has an $18 million contract in 2023. That means the deal will last five years and new $90 million into his contract. , which will last through Darvish’s 41-year-old season.

It’s a remarkable deal considering Darvish’s age, though with an average annual value of $18 million, he barely needs to play like a trump card to continue his defense. justify the price. That’s also the AAV that Phillies committed to Taiwan Walker such as this season and throughout the term of the new contract, the premium pitch AAV metrics will continue to grow. That said, any long-term deal that comes into play during the pitcher’s 41-year-old season – Darvish will turn 42 about six weeks before his contract ends – is obviously fraught with risk.

As things stand, however, Darvish remains one of the game’s best starters. The right-handed 35-year-old campaign saw him amass 194 2/3 3.10 ERA plays with hit and walk rates (25.6% and 4.8 respectively. %) is much better than the league average (especially walking rate). Darvish’s 95 mph fast ball is actually the second best of his career, and that 194 2/3 frames is the second-highest total frame rate in a season he’s scored. since signing with Rangers in 2012.

Darvish had surgery on Tommy John in March 2015, missing that entire season and a significant portion of the 2016 campaign while recovering. His 2018 season with the Cubs, who initially signed him for six years, the $126 million deal he previously played in, was limited to just 40 innings due to a triceps injury. head. Since that time, however, Darvish has been quite resilient. He made all 12 appearances in the shortened 2020 season, and in each of the past three 162-game seasons, he has taken the lead at least 30 times.

Padres was set to lose both Darvish and Blake Snell to a free agency after the 2023 season, with both entering the final season of their respective contracts. However, Darvish now looks set to not only stay in San Diego, but also end his career as a member of the Padres under baseball executive president AJ Preller, who played a major role in the game. signed with Darvish while he was at Rangers’ main office. Darvish joins native San Diego Joe Musgrovewho signed a five-year extension last summer, as the foundation of the Padres rotation in the near future.

Keeping Darvish under contract is particularly beneficial with the last two places in the starting lineup already occupied by the breakers, who will move on to starting full-time in 2023: Nick Martinez And Seth Lugo. Both players have player options on their contracts for 2024, meaning that if all goes well, they will likely opt out of contracts and free agent trials after the seasons. improved platform. If the transition to the starting role fails, then Padres will obviously be looking for alternatives, be it an internal or external acquisition. Either way, prior to Darvish’s expansion, it was possible – if not very likely – that San Diego would enter the 2023-24 season looking for up to four starting pitchers. That is no longer the case.

Darvish is of particular importance from a long-term favorable point of view when looking at Padres’ transactions in recent years. Preller is one of the sport’s most active operators on the commercial market, and with the Friars going all out, winning at all costs, they show little interest in breaking the system. The ranch was once lauded as a means of bringing in major league talent. Transactions of names like MacKenzie Gore, Chris Paddack, Cal Quantrill And Luis Patino exhausted the organization’s pitch system, while the general attrition (injury and/or poor performance) from the remaining prospects such as Ryan weather, Adrian Morejon And Pedro Ávila leave the system without much immediate help.

Beyond the sheer need for lasting help in rotation, there’s certainly an element of financial creativity at play here. Darvish’s pre-existing 6-year, $126 million contract comes with a luxury price tag of $21 million (based on the contract’s AAV). Since this new deal was made at the end of that old contract, it effectively became an 11-year, $216 million deal. That comes with a luxury drop of $19.64 million. It’s not a huge savings, but the Padres resisted a third luxury fine, so any new breathing room created is welcome. After making it past that third luxury level, a team was not only penalized in the form of a higher tax rate, but also dropped 10 places from their top pick in next year’s draft.

The Darvish extension creates some distance between the team and that particularly unwanted slap on the wrist. It also makes things a little easier for Preller and his staff if they hope to maintain that tax rate but still want to create some space for in-season acquisitions in the commercial market.

If the $273 million tax barrier remains a tough stop for the Padres as the season gets underway, it will likely require the Padres to convince a trading partner to give some money or get a contract back. However, this little bit of extra space could prove useful in providing more extras like bullhead support or adding depth to the bench. In addition, it could provide the space needed to eventually pick up the contract of an unlisted veteran with a modest salary – one who is like a painkiller. Craig Stamen or the catcher Pedro SeverinoFor example.

As we saw with Padres .’s 11-year contract Xander Bogaerts — and their reported offers to Judge Aaron And Trea Turner – the team is clearly comfortable paying for a player in his early 40s if it means reducing the total luxury bill. All of those offers, including Bogaerts and Darvish, have comfortable annual rates that players could have landed on a more conventional structure. Darvish’s newly added $90 million bail, for instance, could probably have been received on a three-year deal, or certainly four years if he chose to end the final season on his contract. and back to freelance company. Instead, he would effectively take the three- or four-year term and allocate it over the five-year contract extension to stay with a competitive team and a context. which he clearly feels comfortable with.

Those benefits are, in the end, generally secondary. The Padres clearly have a desire to extend Darvish and likely agreed on the required dollar amount before determining the length of the contract and, therefore, the extent to which they can cut their tax bill. The end result is that Darvish and Musgrove will continue to form a formidable pair for years to come. And while paying Darvish $18 million during his 40s and 41s may prove an inevitable outcome, it could also produce some savings today. in terms of luxury taxes makes those later years a little easier.




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