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Rays Sign Peña 3/24, Kazmir 1/3.8, and Discussing Long Term Deal with Shields

The St. Petersburg Times is reporting this morning that 1B Carlos Peña will have parlayed his wildly successful 2007 season into a lucrative three year contract. Peña and the Rays have apparently agreed to a three year contract that will pay the first baseman a total of $24 million, or about $8 million a year. The deal means that the Rays will avoid arbitration with Peña both this year and next, as the contract extends through 2010. The deal will also mean that Peña's first eligible year for free agency will be spent under team control. The contract is the largest given out under Stu Sternberg's ownership, and the largest in team history since the Hit Show years.

R.J.: "I've seen many, many blue skies turn gray, but the sun will eventually return," he says. "And so will I. So will I." - Carlos Pena after Oakland demoted him.

2008: 6 million
2009: 8 million
2010: 10.125 million

UPDATE: No arb for Kaz after all, one year, 3.87 million.

UPDATE from Topkin's blog:

The Rays are also working on signing starter James Shields to a long-term deal, possibly for as long as six- or seven-years, that will keep him with the Rays into his free-agency years.

Please...

The Rays seem to have zeroed in on their targets. The team is in the midst of discussions with James Shields about a deal that could cover at least the next five or six seasons, and the process is far enough along that it may be wrapped up within the next week.

Lancaster provides the above. Impressive.

Because 2008 wasn't shaping up to be an important year as it is Lancaster has some quotes from Kazmir that make it sound like this year will weigh largely on his future prospects in Tampa:

"I love the city, I love the fans, I love the guys on the team," he said. "I’m very comfortable in Tampa, so I’d love to stay here." But?

"I just want to win," he said. "I know from talking to all my teammates that that’s their first priority. It’s coming around, though. It really is. We’ve made some huge steps. This will be a big year to know what’s in store for us in the future."

Win 85: build a house, save your ace?

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Not to get too emotional
But looks like a decent deal, I thought Boras didn't want more than a two year contract though?

Awesome.

by R.J. Anderson on Jan 18, 2008 9:21 AM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
Wow. I did not think Boras client would settle for that. Seems a reasonable gamble from both sides, swapping the Rays' fear that he would regress to early career performance against the possibility they would either lose him if his breakout was for real or have to pay premium prices. And on his side, trading the possibility of a huge contract for security and a nice raise for 3 years. Wow!

by bobr on Jan 18, 2008 9:28 AM EST   0 recs

Re: Payroll is about 40 million now
Wow if we could get Kid K to sign on the dotted line for an extension- I don't see it, but wow- was not expecting this-

by nittsallgood on Jan 18, 2008 9:55 AM EST to parent up   0 recs

Re: Payroll is about 40 million now
RJ, you know I love to keep you on track here.

Wilson is still gone. Garza is missing in action, and should be super 2 in '09.

Shouldn't Floyd be listed at 2.75, with an option for same in '09?

Navarro will be arb eligible next year.

By my reckoning, there are 5 under contract into 2010 (Baldelli, Crawford, Aki, Pena, and Price) plus 2 that should be gone by then (Percy, Reyes) summed project for an increase of about $11.5 mil by then. There are 5 guys that will also be in arb by then: Kaz 3, Navarro 2, Upton, Salas, and Shields 1. Add Garza as Arb 2. Another 9 that would be in arb, but might not be around, and none will be much more than bench or pen material: Balfour & Gomes 3, Bartlett, Dohmann, & Jackson 2, Hammell, Howell, Riggans ?, & Zobrist ? 1. Add Aybar to the 1's (S2).

Put Sonny in the pen. Assume Longoria and Brignac will be up by then in the IF, plus Davis, McGee, Niemann, Perez & Ruggiano as OF bench, Jaso or Riggans as C, Aybar in IF, Morlan & Medlock or someone up in pen, all at min or Arb 1. All that's missing are 1 bench guy / DH (Pedroza), 1 pen guy (Mason?), with a good chance to fill at the minimum from within. Payroll should still be well under control. Only added pricey increases by then are Kaz, Garza, BJ, maybe Navarro. Payroll could be around $65 - 70 mil. Trade Kaz, the number falls $10-15 mil - but you'd need another guy, though probably for the pen, with McGee, Niemann, or Sonny becoming the #5 starter. All that would really be required for Kaz are a reliever and prospects.

Of course, this all assumes no injuries of significance. And that the lower level prospects (Hellickson, Rollins, Royster, Jennings) haven't pushed aside uppers. Good young team. In 2011 arbitration & free agency really starts to rear it's head.

by nyyfaninlaaland on Jan 18, 2008 4:32 PM EST to parent up   0 recs

Re: Payroll is about 40 million now
"Wilson is still gone. Garza is missing in action, and should be super 2 in '09."

Uh...are you on the 2008 page? Wilson and Garza were there.

by R.J. Anderson on Jan 18, 2008 4:39 PM EST to parent up   0 recs

Re: Payroll is about 40 million now
You are correct, I was in the wrong spot. And Garza doesn't hit arb until 2010 (not '09 as I said or '11 like the chart). Navarro does in '09.

Also, with that year delay in Arb for Garza, the 2010 salary structure discussed should be somewhat lower.

by nyyfaninlaaland on Jan 18, 2008 9:05 PM EST to parent up   0 recs

Re: Payroll is about 40 million now
Yeah, I really need to edit the sheet so it opens up on 2008, you're not the only one to have this problem pop up. I'll tweak Navarro - not sure what happened there, thanks.

by R.J. Anderson on Jan 18, 2008 9:15 PM EST to parent up   0 recs

Per Nate Silver's market value formula
Pena's worth about 9.43 million - I was doing it wrong when I had him worth quite a bit more earlier this year.

by R.J. Anderson on Jan 18, 2008 10:06 AM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
Excellent.  Bat's obvious, but I love having a great glove at any infield position.

by davelrogersyry on Jan 18, 2008 10:16 AM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
Rays keep doing good thing after good thing. Karma is changing!

by David Bloom on Jan 18, 2008 10:41 AM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
It was part of the promise from the very beginning. When the time was right, they would spend. The payroll is nowhere near adequate yet, but they are doing what they said they would do.

by bobr on Jan 18, 2008 11:00 AM EST to parent up   0 recs

Re: Rays Agree to Three Year Deal with Peña
This certainly seems like a reasonable deal given the length and potential risk for both sides.  The Rays lock in a player who should worst-case provide league average production for his position.  For Pena, he finally receives some short-term stability as well as a nice payday.  If I'm Pena, I'm happy.  If I'm the Rays, I'm happy.  Guess what, I'm happy too.  And if it helps convince Kazmir to stay long-term, so much the better.

by RATW on Jan 18, 2008 8:52 PM EST to parent up   0 recs

Re: Rays Agree to Three Year Deal with Peña
<pre>
2008 ZiPS Projection - Carlos Pena
----------------------------------------------------------------------------------
              AB   R    H  2B 3B  HR RBI  BB  SO  SB    BA   OBP   SLG   OPS+  DR  
----------------------------------------------------------------------------------
Projection   478  80  127  22  0  35  90  88 139   2  .266  .385  .531   139   -9  
2009?        452  69  117  22  0  31  90  74 133   1  .259  .371  .513   131   -9
2010?        441  68  113  23  0  29  86  70 130   0  .256  .366  .506   128  -10
----------------------------------------------------------------------------------
Opt. (15%)   511  97  148  27  1  43 117 101 139   3  .290  .413  .599   164   -5  
Pes. (15%)   378  54   91  16  0  23  57  64 118   1  .241  .353  .466   115   -13
---------------------------------------------------------------------------------- </pre>

by R.J. Anderson on Jan 18, 2008 12:01 PM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
I had commented a day or so ago that I'd wait on Pena, but that was conditional on the terms of the deal. This one seems more than fair for the Rays, so it was definetly worth going for.

Kazmir has said he'll go through the arb process. But this signing by Pena has to give him some sense the org is serious about moving forward and willing to pay key players. Perhaps he'll see things a bit more positively now. If there's one guy the "no negotiation if it gets to number exchange" policy should be tossed out the window for it's Kazmir.

Jeez, tell your friends to go to some baseball games down there, huh? And Bob, I think they've been about as financially aggressive this offseason as made sense. And they might not be completely done. The money spent on the bullpen alone tells the tale - 4 guys this season (and maybe a 5th with addition of a lefty) making over a mil, 3 over 2. Entering last season - 0. Boy, had they gotten Jamie Walker last year..., but there's still an option or 2 out there in trade or FA.

by nyyfaninlaaland on Jan 18, 2008 12:31 PM EST   0 recs

Wow..
I think after this deal Boras has to lose his "SuperAgent" title...

by SaberToothedPie on Jan 18, 2008 12:34 PM EST   0 recs

Re: Wow..
I dunno, if Pena falls back into oblivion this is a great deal, if he excels around last year's level when he becomes a free agent he'll still get a nice pay day.

by R.J. Anderson on Jan 18, 2008 12:44 PM EST to parent up   0 recs

Rays avoid Arb. with Kazmir
Just came up on St Pete Times Website. What do yall think?

http://blogs.tampabay.com/rays/

Protect the Trop: Keep northerners out.

by St Pete Native on Jan 18, 2008 12:35 PM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
They Just Inked Kaz  1 year 3.5m   I'm excited to see the real fans show up. Excited to see someone besides me being excited. Now that's real excitement. Now lets all get excited together. See you at the Trop. Go Rays

by CharlieRay on Jan 18, 2008 1:44 PM EST   0 recs

Re: Rays Agree to Three Year Deal with Peña
All we need is a pep rally with a band. I am so excited for this year.

by Flabull on Jan 18, 2008 2:04 PM EST to parent up   0 recs

Re: Rays Agree to Three Year Deal with Peña
All we need is a pep rally with a band. I am so excited for this year.

by Flabull on Jan 18, 2008 2:05 PM EST to parent up   0 recs

Re: Rays Agree to Three Year Deal with Peña
ah stupid school internet double post sorry

by Flabull on Jan 18, 2008 2:10 PM EST to parent up   0 recs

Re: Rays Sign Peña 3/24, Kazmir 1/3.8, and Discuss
As it turns out, the Cloverfield monster is Stu's wallet.

by R.J. Anderson on Jan 18, 2008 3:24 PM EST   0 recs

Re: Rays Sign Peña 3/24, Kazmir 1/3.8, and Discuss
I love these moves.  Shields for 5 more years would be awesome.  My one question would be by giving Kaz the one year deal are we basically saying go out and  prove you can put together a lights out, full season before we give you the dough or is it a way to make him a RFA and try to get good picks if someone wants to give him 10M a year.

by Sandy Kazmir on Jan 18, 2008 3:32 PM EST   0 recs

Re: Rays Sign Peña 3/24, Kazmir 1/3.8, and Discuss
I think you're confusing the NFL FA rules with the MLB, Kazmir is a Ray unless we trade him for at least 2008,2009, and the 2010 season. There's no restricted free agents like in the NFL following your third season.

It's very possible, and almost likely, that Kazmir simply doesn't want a long term deal right now.

by R.J. Anderson on Jan 18, 2008 3:34 PM EST to parent up   0 recs

Re: Rays Sign Peña 3/24, Kazmir 1/3.8, and Discuss
Thanks for clearing that up R.J.  I hope we can eventually get him to a longer contract down the road, our top-3 could average 200 k's a man if they stay together for a while.  

by Sandy Kazmir on Jan 18, 2008 3:43 PM EST to parent up   0 recs

Re: James Shields
I don't understand the Shields talk.  I love his game as much as anyone but don't we control him for 5 more seasons?  Could this type of deal be just for makiing it plain to the fans and players that the M.O. here has changed?  I'm stumped by this.

In the mean time it's time for me to go buy a Pena Jersey.  Nothing like a little instant gratification feedback for the DRO.    

by ttnorm on Jan 18, 2008 4:36 PM EST   0 recs

Re: James Shields
Five more years yes, but if you can buy out a free agent year or two while locking him at his current production it can't hurt, plus look at the age you'd be talking in seven years.

by R.J. Anderson on Jan 18, 2008 4:40 PM EST to parent up   0 recs

Re: James Shields
That's all true but a lot can and usually doews happen to a pitcher's arm over 6-7 seasons.

by ttnorm on Jan 18, 2008 4:42 PM EST to parent up   0 recs

Re: James Shields
Indeed, it's a risk, and it might be for no other reason than cosmetic.

by R.J. Anderson on Jan 18, 2008 4:46 PM EST to parent up   0 recs

Re: James Shields
Doing a deal like that well in advance would be based on getting a better annual cost than from waiting - you trade security for maximized pay. I think it would be a good strategy. It's certainly more risky with pitchers, but no risk, no reward. Examples as the Indians have employed it:

Hafner '07 $6.3 (arb 2) '08 8.05 (arb 3) '09 11.5 1st FA '10 11.5 2nd FA

Martinez '07 $3.2 (arb 1) '08 4.45 (arb 2) '09 5.9 (arb 3) '10 7.0 1st FA

Sizemore '07 .9  '08 3.15 (arb 1) '09 4.75 (arb 2) '10 5.75 (arb 3)

Don't those numbers look pretty good from a value point of view given current salary levels?

by nyyfaninlaaland on Jan 18, 2008 9:21 PM EST to parent up   0 recs

Re: James Shields
This is exactly what the Indians did back in the early to mid 90's when they hit their heydey. They locked up guys like Manny, Baerga, Lofton, before their FA days so they were at a good rate when they hit FA rather than running the risk of either losing them during FA or having some other team jack up their value.
visit rotojunkie for your all of your fantasy baseball help

by UCFKnights on Jan 19, 2008 8:00 AM EST to parent up   0 recs

Re: James Shields
Did they lock any of these guys up in ther pre arb days?

by ttnorm on Jan 19, 2008 10:35 AM EST to parent up   0 recs

Re: James Shields
Yep, here is a link that talks about what the Tribe did 12 yrs ago http://query.nytimes.com/gst/fullpage.html?res=9501E3DC1339F93BA25751C0A960958260
visit rotojunkie for your all of your fantasy baseball help

by UCFKnights on Jan 19, 2008 11:54 AM EST to parent up   0 recs

Re: James Shields
"Just this off season they wrapped up Manny Ramirez and Julian Tavarez for five years after they had spent less than two years in the majors."

by R.J. Anderson on Jan 19, 2008 11:55 AM EST to parent up   0 recs

Re: James Shields
It all comes down to what the long term contract is, as it did for Carlos Peña.  If the risk is reasonable (discounted salary, team options, performance kick-ins) then I will me more understanding.  I am just making the obvious point that doing this type of a deal (6-7 years)with a pitcher is risky business.

by ttnorm on Jan 19, 2008 12:54 PM EST to parent up   0 recs

Re: Pena a 3/$30 guy?
One more thought, remember in November when Pena had to deny that he had rejected a 3/$30 contract.  Whoever came up with that bit of fantasy should be called out.

by ttnorm on Jan 18, 2008 4:38 PM EST   0 recs

OT: Chase Fontaine on 40-man???
I like having the kid here, but I don't think he should just be placed on the 40-man so young, is this a typo?  Can someone confimr/deny?  If this is true the 40-man is now really 40, and someone would have to be sacrificed should Longoria make the team before Spring-

by nittsallgood on Jan 18, 2008 5:05 PM EST   0 recs

He wasn't on the 40 man in Atlanta
I can't imagine he'd be on it here, probably just an error on the official sites' behalf.

by R.J. Anderson on Jan 18, 2008 5:27 PM EST to parent up   0 recs

i love stu steinberg and andrew friedman!!
since stienberg and friedman have joined the rays the team has improved and signed key free agents and i am so glad that they have signed one of my favorite players Carlos Pena to a 3yr deal and i hope that they are able to sign one of my favorite pitchers James shields to a new 5/6 yr deal and in the next couple of seasons i hope that they do the same for scott kazmir because trading our best pitcher as many of these blogers have said is such a mistake

by RayOfHope on Jan 18, 2008 7:28 PM EST   0 recs

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