Not that anyone but me, or any other baseball geek that’s remotely interested in baseball statistics and the Moneyball game of salary management within the sport, would care, but Eric Hosmer just signed a free agent deal with the San Diego Padres.
This is not really major news, even by baseball standards. Hosmer seems like a pretty good guy, and I’ll always remember how synonymous he was for the leadership he exhibited in 2015, leading the woeful Kansas City Royals to their first World Series championship in like an entire generation. The team he signed with, the San Diego Padres, haven’t been good nor remotely relevant since Ray Kroc owned the team. The bottom line is, Eric Hosmer is a pretty low-key baseball star, and the Padres are a very low-key existing baseball team, so the union of them isn’t particularly groundbreaking news, even despite the fact that sheer lack of free agent signings has been a somewhat notable topic throughout this baseball offseason.
However, the thing that’s the most interesting to me is the structure of Hosmer’s deal with the Padres. The bare bones summary of the contract is that it’s an eight-year deal for $144 million dollars; but it’s not as simple as saying Hosmer will be getting exactly $18 million a year, because rarely will there ever be a long-term deal where a player simply gets the average number between the total amount divided by the length of the contract.
Typically, baseball contracts are often structured in a manner in which a player makes a pretty reasonable amount the first year, but then the annual salary of ensuing years typically ramps upward, and usually the last 2-3 years of a contract are where they peak, and you’ll see players making ludicrous Oprah-rich numbers of like $20-30 million dollars during those later years.
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