If I weren’t laughing so hard, I’d post more about this story.
Seven years? $126 million? The biggest pitcher contract in history? Maybe $144 million if an option is picked up?
For Barry Zito?
By the Giants?
Heh heh.
I mean, I like the guy — seems okay, despite his agent. I dig quirky. But that much money for Zito?
Look at it this way — if both Barrys sign, the Giants will be spending a minimum of $34 million on them. The team’s 2005 and 2006 payrolls were a little over $90 million each. Assuming that number doesn’t go up significantly next year, they would be spending nearly 40% of their payroll on two players.
But hey, more power to them.
Update
I have to wonder if Omar Minaya will be on the phone to Ned Colletti inquiring about starting pitchers.
Some of my favorite tidbits from the blogosphere about this deal:
6-4-2
From that standpoint, this may be a fairly smart move if you believe that Barry Bonds won’t be on the team in 2-3 years (true), and the rest of the team won’t be all that expensive. Trouble is, Zito isn’t the pitching equivalent of Bonds, though he’s getting a payday as if he were.
Blue Heaven
Hasn’t the National League West teams seen, first hand, the consequences of a long term contract for a starting pitcher, i.e. Hampton and Kevin Brown? Were they not paying attention?
Blue Notes
Because it looks like Barry Zito isn’t headed to New York to play for the Mets, but will stay in the Bay Area and hurl for the Giants. Ironic, since the composition of the roster had generally made their fans want to do the same.
Dodger Junkie
$18 million per year for Zito is pretty pricey and going 7 years on a pitcher is utterly ridiculous to me. Has no team learned from the Kevin Brown, Mike Hampton etc deals yet?
Dodger Hill
Is This the Onion???
I swear I thought that I had clicked the wrong link. The Giants took another step towards insuring that they won’t be the dominate team in the NL West any time in the next decade.[...] Thank goodness that the Dodgers had already acquired Schmidt. It’s nice to know that the Dodgers are no longer shopping for a starter because the market for Jeff Weaver just went through the roof.
Sons of Steve Garvey (Steve Sax Comment)
With 57K votes, 87% of ESPN Sportsnation belives the Giants overpaid. Whoo-hoo!
ESPN.com, Rob Neyer chat
The ONLY thing this deal does is make the Giants look ridiculous. Granted, Zito’s ERA will get a boost from the National League and the Giants’ home ballpark. And this one isn’t as dumb as the Mike Hampton deal with the Rockies. But based on the facts at hand, this looks to me like one of the dumber free-agent signings ever. Zito just isn’t very good. And if he’s worth $18 million per season, Santana’s worth $25 million.
Not to leave out the Giants blogs, here’s a sample from McCovey Chronicles:
Seven years. Insane. While a list of comparable pitchers from Baseballs Reference and Prospectus isn’t perfect, you have to be worried that there aren’t too many pitchers on the lists who were still effective at 35. Or 34. Or, you know, 33, 32, and 31. That isn’t going to be some quirk particular to just Zito’s comps; that’s going to be true of any pitcher. Seven years to any pitcher – Johan Santana, right now, for example – is insane.
I mean, that’s Antwan Jamison money. Insane.
And check these additional contract details out, via Rotoworld:
Barry Zito will get a full no-trade clause under the terms of his seven-year, $126 million contract with the Giants.
The option for an eighth year at $18 million kicks in if Zito throws 200 innings in 2013, 400 innings in 2012-13 or 600 innings in 2011-13. There’s a $7 million buyout for the option, so Zito is due a paltry $137 million if it’s picked up.