Jays Sign Wells to Monster Contract - Page 2

TheGreatGazoo · December 14th, 2006, 08:25 PM

Oh yes of course! I forgot that extensions have never ever been signed during a season!

WilsonC · December 14th, 2006, 09:46 PM

Well, the timing of the extension is hardly something that makes any logical sense to criticize J.P. on. One of the two thing is clearly true:
- The market conditions were readable during the season, and the degree of inflation could have been predicted.
- The market conditions were not readable during the season, and while some increase could be expected, the degree could not be predicted.

Now, if condition 1 is true, then J.P. could be expected to read the conditions and tried to lock up Wells early. However, Wells' agent would also be expected to read the conditions, and refuse to discuss an extension until the offseason.

If condition 2 were true, then the market would be unknown to both J.P. and Wells' agent. There would be no reason to expect a GM to guess at the market more accurately than a player's agent.

I see no logical reason to criticize J.P. on that. Any information he had at his disposal to evaluate the market conditions, Wells' agent had also. When dealing with people trained as experts in evaluating and manipulating the market, if you predict the outcome correctly, chances are very good that the agent has come to the same conclusion. There are plenty of reasonable criticisms of J.P., including the magnitude of this offer if you don't think he's worth it. The timing of the extension offer isn't a particularly reasonable one.

TheShaker99 · December 17th, 2006, 01:00 PM

Quote:

Originally Posted by TheShaker99

It is a credible source by the way and Vernon said the deal's in that ballpark concerning the rumour, so I think it's basically a done deal!!!

I seem to be correct!!!

Ultimate · December 18th, 2006, 12:02 PM

Its now official. via Rotoworld. Interesting that its very backloaded.

Blue Jays signed outfielder Vernon Wells to a seven-year, $126 million contract extension through 2014.

Including his $25.5 million signing bonus, which will be paid out in three annual installments beginning in 2008, Wells will earn $9 million in 2008, $10 million in 2009, $21 million in 2010, $23 million in 2011 and $21 million in each of the final three seasons of the deal. Wells has a no-trade clause for the length of the contract and is eligible to opt out after 2011. It's the sixth largest contract in MLB history and biggest given to a player with less than six years of service time.

TheShaker99 · December 18th, 2006, 12:31 PM

Quote:

Originally Posted by Ultimate

Its now official. via Rotoworld. Interesting that its very backloaded.

Blue Jays signed outfielder Vernon Wells to a seven-year, $126 million contract extension through 2014.

Including his $25.5 million signing bonus, which will be paid out in three annual installments beginning in 2008, Wells will earn $9 million in 2008, $10 million in 2009, $21 million in 2010, $23 million in 2011 and $21 million in each of the final three seasons of the deal. Wells has a no-trade clause for the length of the contract and is eligible to opt out after 2011. It's the sixth largest contract in MLB history and biggest given to a player with less than six years of service time.

See that was a good deal, seeing the Jays back loaded the contract on the years that Vernon could opt out. I don't mind this deal one bit, as long as they keep him protected at the plate he'll do just fine!!!

Ultimate · December 18th, 2006, 02:32 PM

Yes and if the Jays do decide to trade him during the deal it means there is more of an opportunity to save on Vernon in the first 2 years. Plus it gives us some flexibility in 08 and 09.

Hopefully the market escalates even more so that in 2010 21 Million is what mediocre players get. Then this deal would be a real bargain.

AndrewB · December 18th, 2006, 08:30 PM

According to Ted Rogers, the team was in danger of leaving the country 6 years ago.

AND...

Vernon Wells and his wife cried when they heard the 126 million dollar offer on Dec 8.

http://www.iht.com/articles/ap/2006/...Jays_Wells.php

gojays2007 · December 19th, 2006, 07:13 AM

what a wuss.

DiamondDave · December 19th, 2006, 07:17 AM

126MIL and I'll cry too... tears of joy mind you, but I will cry

gojays2007 · December 19th, 2006, 01:42 PM

would a "leader" have cried there?

just playin

TheShaker99 · December 20th, 2006, 07:02 PM

Quote:

Originally Posted by gojays2007

would a "leader" have cried there?

just playin

Nevermind if I signed a contract like that!! Straight after I would've pissed myself!!!!

risinghorizon · December 28th, 2006, 07:22 AM

What worries me is when his salary is ONLY $500,000 in 2008. That's minor league. How is he going to live? Should we take up a collection?

I can just see it now. By 2011, when he becomes really pricey, the Jays will be scrambling to unload him. By that time, the no trade clause will not matter as Wells can terminate it. And gee, he will be the only one left that I know of. That's the sad part of it.

I am really happy that they signed him long-term. Hopefully he doesn't go by Delgado way when fans and management alike seemed to want to get rid of him because of the payroll budget.

gojays2007 · December 28th, 2006, 02:06 PM

Hopefully Delgado will be back to DH after frank leaves.

December 19th, 2006, 07:17 AM	#24 (permalink)
DiamondDave Hall of Famer Join Date: Nov 2006 Location: MD, on the Potomac River Posts: 5,390	126MIL and I'll cry too... tears of joy mind you, but I will cry __________________ Reagan in 08... Even though he's dead, he's the better choice! Superdelegates - Because even the Democratic party knows it's base is too stupid to make really important decisions.

December 14th, 2006, 08:25 PM	#16 (permalink)
TheGreatGazoo Member Join Date: Nov 2006 Location: Zetox Posts: 27	Oh yes of course! I forgot that extensions have never ever been signed during a season!

December 14th, 2006, 09:46 PM	#17 (permalink)
WilsonC Member Join Date: Dec 2006 Posts: 121	Well, the timing of the extension is hardly something that makes any logical sense to criticize J.P. on. One of the two thing is clearly true: - The market conditions were readable during the season, and the degree of inflation could have been predicted. - The market conditions were not readable during the season, and while some increase could be expected, the degree could not be predicted. Now, if condition 1 is true, then J.P. could be expected to read the conditions and tried to lock up Wells early. However, Wells' agent would also be expected to read the conditions, and refuse to discuss an extension until the offseason. If condition 2 were true, then the market would be unknown to both J.P. and Wells' agent. There would be no reason to expect a GM to guess at the market more accurately than a player's agent. I see no logical reason to criticize J.P. on that. Any information he had at his disposal to evaluate the market conditions, Wells' agent had also. When dealing with people trained as experts in evaluating and manipulating the market, if you predict the outcome correctly, chances are very good that the agent has come to the same conclusion. There are plenty of reasonable criticisms of J.P., including the magnitude of this offer if you don't think he's worth it. The timing of the extension offer isn't a particularly reasonable one.

December 18th, 2006, 12:02 PM	#19 (permalink)
Ultimate Member Join Date: Nov 2006 Posts: 116	Its now official. via Rotoworld. Interesting that its very backloaded. Blue Jays signed outfielder Vernon Wells to a seven-year, $126 million contract extension through 2014. Including his $25.5 million signing bonus, which will be paid out in three annual installments beginning in 2008, Wells will earn $9 million in 2008, $10 million in 2009, $21 million in 2010, $23 million in 2011 and $21 million in each of the final three seasons of the deal. Wells has a no-trade clause for the length of the contract and is eligible to opt out after 2011. It's the sixth largest contract in MLB history and biggest given to a player with less than six years of service time.

December 18th, 2006, 02:32 PM	#21 (permalink)
Ultimate Member Join Date: Nov 2006 Posts: 116	Yes and if the Jays do decide to trade him during the deal it means there is more of an opportunity to save on Vernon in the first 2 years. Plus it gives us some flexibility in 08 and 09. Hopefully the market escalates even more so that in 2010 21 Million is what mediocre players get. Then this deal would be a real bargain.

December 18th, 2006, 08:30 PM	#22 (permalink)
AndrewB Member Join Date: Nov 2006 Location: Saskatoon, SK Posts: 32	According to Ted Rogers, the team was in danger of leaving the country 6 years ago. AND... Vernon Wells and his wife *cried* when they heard the 126 million dollar offer on Dec 8. http://www.iht.com/articles/ap/2006/...Jays_Wells.php

December 19th, 2006, 07:13 AM	#23 (permalink)
gojays2007 Banned Join Date: Nov 2006 Posts: 177	what a wuss.

December 19th, 2006, 01:42 PM	#25 (permalink)
gojays2007 Banned Join Date: Nov 2006 Posts: 177	would a "leader" have cried there? just playin

December 28th, 2006, 07:22 AM	#27 (permalink)
risinghorizon Member Join Date: Nov 2006 Posts: 10	What worries me is when his salary is ONLY $500,000 in 2008. That's minor league. How is he going to live? Should we take up a collection? I can just see it now. By 2011, when he becomes really pricey, the Jays will be scrambling to unload him. By that time, the no trade clause will not matter as Wells can terminate it. And gee, he will be the only one left that I know of. That's the sad part of it. I am really happy that they signed him long-term. Hopefully he doesn't go by Delgado way when fans and management alike seemed to want to get rid of him because of the payroll budget.

December 28th, 2006, 02:06 PM	#28 (permalink)
gojays2007 Banned Join Date: Nov 2006 Posts: 177	Hopefully Delgado will be back to DH after frank leaves.