Tuesday, 27 November 2012

Longoria signs $100M extension

Evan Longoria was already under the Rays? control through 2016 thanks to a long-term contract he signed literally one week after his big-league debut in 2008, but today the two sides agreed to a six-year, $100 million extension that runs through 2022.

By combining the remainder of his previous contract and the $100 million extension Longoria will now be paid $136 million for the next 10 seasons. Tampa Bay also holds an option for 2023, potentially keeping him under contract through age 37. In other words, this is essentially a career-long commitment.

Tampa Bay made a very bold, unique move signing Longoria to a long-term deal days into his MLB career and this is another aggressive, interesting decision. Clearly the penny-pinching Rays couldn?t compete for a player like Longoria on the open market, but by taking on the considerable risk of a decade-long commitment to a player they already controlled for another four years they will be in line to get a significant discount if he stays healthy and productive into his 30s.

Of course, injuries have been a major issue for Longoria. He missed 88 games this year with a torn hamstring and was out for 28 games in 2011, but his production has never waned. Longoria hit .289 with 17 homers and an .896 OPS in 2012 and the No. 3 overall pick in the 2006 draft has an .877 career OPS that ranks third among all active third basemen behind only Alex Rodriguez and David Wright (and the retiring Chipper Jones).

Source: http://hardballtalk.nbcsports.com/2012/11/26/evan-longoria-signs-six-year-100-million-extension-with-rays/related/

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