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Started By
Message
Someone remind me why the Angels signed Josh Hamilton to that contract
Posted on 4/3/15 at 8:29 pm
Posted on 4/3/15 at 8:29 pm
"The five-time All-Star, who signed a five-year, $125 million contract with the Angels in December 2012"
Why do teams do things like this?? They should only offer one year contracts to high risk investments like him.
Why do teams do things like this?? They should only offer one year contracts to high risk investments like him.
9
Posted on 4/3/15 at 8:31 pm to RedRifle
You seem to have a solid understanding of economics.
Posted on 4/3/15 at 8:34 pm to RedRifle
It's an irrational market. Same reason you pay $15 for a Goose and soda when you could get Skyy and soda for $6 and never know the diff.
Posted on 4/3/15 at 8:34 pm to RedRifle
quote:
Why do teams do things like this?? They should only offer one year contracts to high risk investments like him.
There is zero chance Hamilton would have accepted a one year offer.
Some teams don't mind paying top dollar for players leaving their prime. You are seeing the same issue with Pujols, and that's why the Cardinals didn't match it.
This post was edited on 4/3/15 at 8:36 pm
Posted on 4/3/15 at 8:34 pm to TotesMcGotes
You know he just relapsed and the team was trying to get him suspended so they can get money back from him.
Posted on 4/3/15 at 8:35 pm to RedRifle
Wait, what? Tell me more.
Posted on 4/3/15 at 8:35 pm to RedRifle
What did he do in 2011?
Eta- 2012
Eta- 2012
This post was edited on 4/3/15 at 8:37 pm
Posted on 4/3/15 at 8:36 pm to Jcorye1
Yes I get that. I am speaking theoretically. I'm talking about the general practice of things giving high-risk players a ton of money and then getting pissed off when he doesn't pay off
Posted on 4/3/15 at 8:37 pm to RedRifle
quote:
Yes I get that. I am speaking theoretically. I'm talking about the general practice of things giving high-risk players a ton of money and then getting pissed off when he doesn't pay off
The teams feel it is worth the risk.
Posted on 4/3/15 at 8:38 pm to TotesMcGotes
quote:
You seem to have a solid understanding of economics
I chuckled, but OP is right. In reality, it's GMs that don't understand what they're doing. The trick in baseball is to find the player before the big contract. That $125 million would have done a lot better going straight to scouting and player development.
Posted on 4/3/15 at 8:38 pm to Jcorye1
quote:
There is zero chance Hamilton would have accepted a one year offer.
Pretty much.
That said, the Angels knew what they were getting into. I don't know how pissed you can be about the MLB not suspending a guy when you signed him knowing he's an addict and that's relapsed before (and sadly, as addictions go, will likely relapse again).
Posted on 4/3/15 at 8:39 pm to TotesMcGotes
What the frick are you talking about?
Posted on 4/3/15 at 8:39 pm to SwaggerCopter
You know what they say about hindsight.
Posted on 4/3/15 at 8:40 pm to RedRifle
You can curse on this site.
Posted on 4/3/15 at 8:40 pm to TotesMcGotes
I know what the say about patterns. 9/10 these huge contracts don't work.
Posted on 4/3/15 at 8:42 pm to SwaggerCopter
Right, and I think those mega contracts will come back down in time, probably sooner than later.
Posted on 4/3/15 at 8:44 pm to SwaggerCopter
quote:
I know what the say about patterns. 9/10 these huge contracts don't work.
Meh, I wouldn't go that far either. A lot of these contracts are team friendly in the beginning and end player friendly.
Take the Red Sox JD Drew contract. By WAR, the Red Sox technically overpaid for production, that being said, do they win a World Series without his grand slam in 2007? I'm sure the Sox aren't kicking themselves for dropping in an extra 10 million or so over 7 years.
This post was edited on 4/3/15 at 8:46 pm
Posted on 4/3/15 at 8:44 pm to TotesMcGotes
Now you show your PhD in economics. With TV money going up, salaries and contracts are never coming back down.
Posted on 4/3/15 at 8:45 pm to Jcorye1
They're like 80% player friendly, 20% club friendly over the life of the deal.
Posted on 4/3/15 at 8:47 pm to TotesMcGotes
quote:
They're like 80% player friendly, 20% club friendly over the life of the deal.
Sometimes, but players also take a HUGE discount during the beginning of their primes.
While I don't think it's good business to pay for past their prime years, I have a tough time sympathizing with the teams because they get such a deal in the beginning.
This post was edited on 4/3/15 at 8:48 pm
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