There's been a common trend throughout Major League Baseball for teams to lock up their young talent early giving them more front loaded money in longer term deals, while effectively buying potential free agent years at a discount. This strategy allows a team to lock in young talent at reasonable annual dollar amounts over the long term. In Boston, you might say "they just "Nomar-ed" him into a long term deal".
While most teams have taken this strategy against players they have a "high degree of confidence" will be above average players over the life of the deal (i.e. Evan Longoria or Troy Tulowitzki), the Red Sox have the luxury of extending such an offer to the reigning American League MVP, Dustin Pedroia.
Thanks to a six year, $40.5 million dollar contract extension that will be formally announced at a 3 pm press conference today, Dustin Pedroia will be manning second base at Fenway Park for the foreseeable future. The contract, which has been in negotiation since mid-August, includes both a $1.5 million dollar signing bonus and a club option for the seventh year at $11 million dollars ($500,000 team buyout).
December 3, 2008
josh lacey