There have been a few off-hand remarks and passing discussions about Price extension that would be similar to Longoria's last season. At first I balked at the idea of extending a pitcher with less than 50 MLB innings. To really reap any financial rewards the deal would need to be worth at least 6 years which just seems too long for a pitcher (no matter how proven).
So I drew up a few tables showing some financial possibilities that a Price extension could be based around.
First off we'll take a look at some tables showing how much he will be worth, how much he will command, and how much value he will provide over the next 6 years (that he is under team control). The first two years his salary is locked in, and the third is unless he is super-2 eligible. To estimate how much he would make in his arbitration eligible years I did 40% (for super 2 and regular arbitration 1), 60%, and 80% of his free-agent value (which is WAR*win-value).
In the first scenario, Price is a 4 WAR pitcher all of the 6 years and is not super-2 (which is impossible I believe, but play along anyway):
Year | WAR | Win Value | Value ($) | Salary | Net Value |
2009 | 4 | 4.50 | 18.00 | 0.75* | 17.25 |
2010 | 4 | 4.95 | 19.80 | 1* | 18.80 |
2011 | 4 | 5.45 | 21.78 | 1.25* | 20.53 |
2012 | 4 | 5.99 | 23.96 | 9.58 | 14.37 |
2013 | 4 | 6.59 | 26.35 | 15.81 | 10.54 |
2014 | 4 | 7.25 | 28.99 | 23.19 | 5.80 |
Total | 24 | 34.72 | 138.88 | 51.59 | 87.29 |
Next we have him as a 3 WAR pitcher and not Super-2 (also highly unlikely):
Year | WAR | Win Value | Value ($) | Salary | Net Value |
2009 | 3 | 4.50 | 13.50 | 0.75* | 12.75 |
2010 | 3 | 4.95 | 14.85 | 1* | 13.85 |
2011 | 3 | 5.45 | 16.34 | 1.25* | 15.09 |
2012 | 3 | 5.99 | 17.97 | 7.19 | 10.78 |
2013 | 3 | 6.59 | 19.77 | 11.86 | 7.91 |
2014 | 3 | 7.25 | 21.74 | 17.39 | 4.35 |
Total | 18 | 34.72 | 104.16 | 39.44 | 64.72 |
The final non-Super-2 estimation is him as a 2 WAR pitcher:
Year | WAR | Win Value | Value ($) | Salary | Net Value |
2009 | 3 | 4.50 | 13.50 | 0.75* | 12.75 |
2010 | 3 | 4.95 | 14.85 | 1* | 13.85 |
2011 | 3 | 5.45 | 16.34 | 1.25* | 15.09 |
2012 | 3 | 5.99 | 17.97 | 7.19 | 10.78 |
2013 | 3 | 6.59 | 19.77 | 11.86 | 7.91 |
2014 | 3 | 7.25 | 21.74 | 17.39 | 4.35 |
Total | 18 | 34.72 | 104.16 | 39.44 | 64.72 |
Next we move into the likely scenarios that he is Super-2 eligible, but also a 4 WAR pitcher:
Year | WAR | Win Value | Value ($) | Salary | Net Value |
2009 | 4 | 4.50 | 18.00 | 0.75* | 17.25 |
2010 | 4 | 4.95 | 19.80 | 1* | 18.80 |
2011 | 4 | 5.45 | 21.78 | 8.71 | 13.07 |
2012 | 4 | 5.99 | 23.96 | 9.58 | 14.37 |
2013 | 4 | 6.59 | 26.35 | 15.81 | 10.54 |
2014 | 4 | 7.25 | 28.99 | 23.19 | 5.80 |
Total | 24 | 34.72 | 138.88 | 59.05 | 79.83 |
Now we have him as a 3 WAR pitcher:
Year | WAR | Win Value | Value ($) | Salary | Net Value |
2009 | 3 | 4.50 | 13.50 | 0.75* | 12.75 |
2010 | 3 | 4.95 | 14.85 | 1* | 13.85 |
2011 | 3 | 5.45 | 16.34 | 6.53 | 9.80 |
2012 | 3 | 5.99 | 17.97 | 7.19 | 10.78 |
2013 | 3 | 6.59 | 19.77 | 11.86 | 7.91 |
2014 | 3 | 7.25 | 21.74 | 17.39 | 4.35 |
Total | 18 | 34.72 | 104.16 | 44.72 | 59.44 |
Finally, a 2-WAR pitcher that is Super-2 eligible:
Year | WAR | Win Value | Value ($) | Salary | Net Value |
2009 | 2 | 4.50 | 9.00 | 0.75* | 8.25 |
2010 | 2 | 4.95 | 9.90 | 1* | 8.90 |
2011 | 2 | 5.45 | 10.89 | 4.36 | 6.53 |
2012 | 2 | 5.99 | 11.98 | 4.79 | 7.19 |
2013 | 2 | 6.59 | 13.18 | 7.91 | 5.27 |
2014 | 2 | 7.25 | 14.49 | 11.60 | 2.90 |
Total | 12 | 34.72 | 69.44 | 30.40 | 39.04 |