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Reyes Signs Contract Extension

MFS62 Aug 03 2006 01:59 PM

As reported on WFAN. 4 years, $22.5 million. Russo is ranting - screaming that Reyes should fire his agent and mentioning that Omar Viaquel gets $5 million per. Now let's sign David long term. Later

Edgy DC Aug 03 2006 02:01 PM Edited 1 time(s), most recently on Aug 03 2006 02:27 PM

I guess that qualifies (if just) as LTBB. Don't listen to Russo. Good news.

soupcan Aug 03 2006 02:01 PM

'LTBB'?

Benjamin Grimm Aug 03 2006 02:02 PM

So that would mean he's signed through 2010? Does that postpone free agency by one year or two? I guess my question is, does he get credit for a full year of service time in 2004? I would think that he would. He didn't play much, but I believe he was on the major league roster the whole year, even though he was disabled. If that's the case, then he'd be eligible for free agency after the 2009 season. So this delays it by one year. Does that sound right to everybody?

sharpie Aug 03 2006 02:11 PM

It also gets them to avoid arbitration which is a good thing.

Edgy DC Aug 03 2006 02:23 PM

LTBB is the nebulous term "long-term big-bucks." It was debated in this space whether Reyes deserved a LTBB contract.

Benjamin Grimm Aug 03 2006 02:24 PM

Ah yes, the famous "deathwatch" thread where we had to assign a specific OBP by a specific date and then give Reyes a specific dollar amount over a specific duration.

Frayed Knot Aug 03 2006 02:24 PM

]Does that postpone free agency by one year or two? He'd be at approx 3.5 seasons of service time at the end of this year, so, yes. This deal will cover his 4th, 5th & 6th years (the arb-elg era) plus his first FA year. ]I guess my question is, does he get credit for a full year of service time in 2004? I would think that he would. He didn't play much, but I believe he was on the major league roster the whole year, even though he was disabled. Correctamundo! ML DL time = ML service time ]LTBB? Long Term Big Bucks. It was a shorthand Bret used to use when discussing Reyes's future in general and specifically what he would need to do this season in order to justify giving him an "LTBB deal" as opposed to dealing with him one year at a time.

Nymr83 Aug 03 2006 02:29 PM

i don't consider this deal to be "big bucks", this deal makes alot of sense for the Mets.

soupcan Aug 03 2006 02:31 PM

Ah. Thank you.

metirish Aug 03 2006 02:36 PM Edited 1 time(s), most recently on Aug 03 2006 02:37 PM

Good deal all round I think, he'll still be young and all going well entering his prime when this contract expires so the bigger money will still be his to have....go Reyes.

Frayed Knot Aug 03 2006 02:36 PM Edited 1 time(s), most recently on Aug 03 2006 02:38 PM

]Russo is ranting - screaming that Reyes should fire his agent and mentioning that Omar Viaquel gets $5 million per. Didn't hear the original rant - but he did just say that the Mets got a steal since this 4-year deal buys out 3 arb years plus his first 2 years a FA-gency. Wow! Omar & Jeffie are so good that they managed to get a 4-year deal to cover 5 seasons! Give THEM LTBB deals!!!!

Edgy DC Aug 03 2006 02:38 PM Edited 1 time(s), most recently on Aug 03 2006 02:46 PM

Nymr83 wrote: I don't consider this deal to be "big bucks", this deal makes alot of sense for the Mets. Me neither, but it's enough to label as such if Reyes regresses and makes the Mets look foolish. As I said, the term was never quite defined. But this seems to be a smart compromise deal, paying more now to pay less later, maybe much less. And it's timely considering how little payroll the Mets had yet committed in 2007 and 2008.

Frayed Knot Aug 03 2006 02:42 PM

As I recall, part of the head-banging frustration of that argument was one person's insistance (eventually retracted) that there was no middle ground between min-waging him and a $30mil+ deal that bought him out well into his FA years, and anyone who argued that there was was wimping out on the discussion.

Johnny Dickshot Aug 03 2006 02:47 PM

There's a team option for a 5th year which I guess is a good deal for the Wilpons. It'd take a terrible slump to get him down to the .313 OBP plateau which was his likely projection this season.

Benjamin Grimm Aug 03 2006 02:54 PM

Johnny Dickshot wrote: There's a team option for a 5th year which I guess is a good deal for the Wilpons. I like that. It means that free agency might actually be delayed until after 2011. (That, by the way, is the final season of Beltran's contract.) Wright is currently eligible to be a free agent after 2010. Hopefully he'll be signed through 2012 before the 2006 season ends.

seawolf17 Aug 03 2006 03:20 PM

Something tells me Reyes will do more for this team than Rey Ordonez ever did, and I believe Rey's deal was for more money.

ABG Aug 03 2006 03:27 PM

seawolf17 wrote: Something tells me Reyes will do more for this team than Rey Ordonez ever did, and I believe Rey's deal was for more money. Something tells me Reyes has done more for this team than Rey Ordonez ever did.

Elster88 Aug 03 2006 03:33 PM Re: Reyes Signs Contract Extension

MFS62 wrote: As reported on WFAN. 4 years, $22.5 million. Entirely off the top of my head and doing no research, that sounds a little low for the market if he's going to keep his OBP at .350, but still pretty nice finanical security for him. Especially if his OBP does fall to say .325 as an average over the next few years. MFS62 wrote: Russo is ranting - screaming that Reyes should fire his agent and mentioning that Omar Viaquel gets $5 million per. I don't know if screaming is necessary, but there was the possibilty that he could get more if he continued to improve at the rate we saw this year. Of course, if he breaks his leg or forgets how to hit he'd get nothing. Shut up Doggie. Let the guy sign and move his girl out of his parents' apartment. MFS62 wrote: Now let's sign David long term. Yes!! 1 to go!! MFS62 wrote: Later Later

Johnny Dickshot Aug 03 2006 03:44 PM Re: Reyes Signs Contract Extension

Elster88 wrote: ="MFS62"]Later Later LOLater

Nymr83 Aug 03 2006 03:48 PM

] I don't consider this deal to be "big bucks", this deal makes alot of sense for the Mets. ] Me neither, but it's enough to label as such if Reyes regresses and makes the Mets look foolish. i think it would be very hard to make the mets look bad with his contract. how much did they pay Ordonez to be hte worst everyday player ever?

Edgy DC Aug 03 2006 04:00 PM

Well, answering would lend credit to the assumption..

KC Aug 03 2006 04:04 PM

Oh great, now there'll be a one week controversy in the media and on the internet that Reyes got the shaft - he'll get wind of it - fall into deep depression and sulk about it- and suck forever. Russo is unbearable to listen to when he's alone, of course he's barely lis- tenable when Fattessa is around - but alone, I'd rather listen to the tires on the pavement. (let's rip off Wright next for a few years, lol)

smg58 Aug 03 2006 06:39 PM

It's a great deal for the Mets, and sets the bar for Wright which should make negotiations with him simpler. Lots to like, nothing to complain about.

Elster88 Aug 03 2006 07:26 PM

I don't think it will affect negotiations with Wright that much.

Nymr83 Aug 03 2006 07:30 PM

Elster88 wrote: I don't think it will affect negotiations with Wright that much. well, it "affects them" only to the extent that Wright is a better player and should expect to get more than Reyes got, so if Reyes had gotten overpaid it would have meant that Wright would get even more overpaid, or at least i think so.

Elster88 Aug 03 2006 07:30 PM

Eh. It's possible. I don't really buy it.

Frayed Knot Aug 03 2006 07:58 PM

Ordonez's deal was more like 4 yrs/$19mil. It was also given after his 4th year, meaning it bought out 2 FA years rather than just one. The problem was, of course, that not only was Ordonez not the player who needed to be "secured" but also that Phillips bet on an inflationary market and an improving player and got neither. As the 1999 season ended, Rey was coming off the best year of his career offensively while turning in an all-century defensive season and that's when he was rewarded with his contract. But by the spring of the following year, Rey had suddenly "aged" an additional 18 months when birth certificates were re-examined and was out for the season with a broken arm - never again to find his offensive & defensive peaks. Add that to the dot-com era spending spree suddenly reversing itself, and the Ordonez contract was out of date by the time it was a year old. The fact that it was backloaded made it even more impossible to get pawn off on someone else. Wright's a year behind Reyes in service time and isn't even eligible for arbitration until the end of '07. His deal may still be a year off.

metirish Aug 03 2006 08:01 PM

Gary made a good point tonight, a year and a half ago with all the injuries Reyes was going through it would be hard to imagine the Mets giving him a long contract, I see this as a win win for both.

Frayed Knot Aug 03 2006 08:08 PM

Yeah, that was the basis of the discussions Bret used to bring up: how much does Reyes have to improve to the point where you'd discuss a long-term deal for him and for how much? What's happened this year is that he improved much more than the guestimate we were basing our hunches on.

Nymr83 Aug 03 2006 09:13 PM

]Wright's a year behind Reyes in service time and isn't even eligible for arbitration until the end of '07. His deal may still be a year off. true. but i'd give it to him now if its nearly as low as Reyes' deal.

Rockin' Doc Aug 03 2006 09:17 PM

I can't see any downside to this deal. I like this deal from the Mets perspective. The Mets have secured the services of a young player with the potential to be among the elite at his position for a reasonable rate. I also can't fault Reyes for taking the security of gauranteed money. As someone else already mentioned, Reyes will still be pretty younag and should be entering his prime when the deal ends so if he has performed well, he can still land his big free agent contract then.

Elster88 Aug 03 2006 09:18 PM

Nymr83 wrote: ]Wright's a year behind Reyes in service time and isn't even eligible for arbitration until the end of '07. His deal may still be a year off. true. but i'd give it to him now if its nearly as low as Reyes' deal. Even offering such a deal to Wright would probably be a huge embarrassment to the Mets. Not publicly of course, but my guess is Keith would (correctly) laugh in their face. Or if he's too polite for that he'd get a good laugh out of it after the meeting.

Nymr83 Aug 03 2006 11:16 PM

Wright has one more year of making shit, then 3 years of arbitration, then free agency, right? arbitartion isn't an automatic big $$ the first year i don't think, so wright's salaries could look something like this: 2007: $350k 2008: $4mil 2009: $9mil 2010: $15mil thats 28+mil over 4, if the mets were to offer him the security of a 4 year deal at say 22 million over 4 does he reject it? its millions sooner than he'd otherwise see millions and security now. it saves the mets a few million and gives them cost predictability. it doesnt take away even the first year of wright's free agency, so he's got nothing lost there.

Johnny Dickshot Aug 04 2006 05:19 AM

Thing is, we wouldn't necessarily know whether they'd already offered something like that, or more, or less, or whatever. I wish I didn't know anything about how much these guys were paid.

Benjamin Grimm Aug 04 2006 05:56 AM

Daily News says this morning that no long-term discussions have been held with Wright. He and his agent would be receptive, but Mets says nothing's planned yet, since Wright is still a year away from arbitration. Maybe they'll talk over the winter or during the 2007 season.

old original jb Aug 04 2006 08:43 AM

KC wrote: Oh great, now there'll be a one week controversy in the media and on the internet that Reyes got the shaft - he'll get wind of it - fall into deep depression and sulk about it- and suck forever. Russo is unbearable to listen to when he's alone, of course he's barely lis- tenable when Fattessa is around - but alone, I'd rather listen to the tires on the pavement. (let's rip off Wright next for a few years, lol) I'd be willing to bet that Reyes will be pretty happy about his guaranteed $22 million regardless of what some professional loudmouth says on the radio--all that way to that place where they keep the money and give out free toasters. Of course, to folks like us, that's not really a lot of money, is it?

soupcan Aug 04 2006 08:46 AM

What's he doing exactly - trading about $10,000,000.00 for insurance against an injury / significant decline in performance and still coming away with enough money so that his great grandchildren will want for nothing? Doesn't sound like such a bad deal to me.

Willets Point Aug 04 2006 08:51 AM

Relive the fun!.

metirish Aug 04 2006 08:59 AM

That was a cool thread, thanks for the memories.

KC Aug 04 2006 09:01 AM

He is happy, jb, I was being sarcastic (again).

old original jb Aug 04 2006 09:39 AM

KC wrote: He is happy, jb, I was being sarcastic (again). Unfortunately, so was I. (Unfortunately about it not being that much money, that is.) I guess I have to have my sarcasm detectors cleaned or something. Actually, I like the idea that Reyes is not yet an "I must have every last dollar" guy, and that his agent lets him "get away" with that. (I can't imagine a Boras type allowing that to happen). Maybe you have to be in that position to comprehend it, but I don't think that I ever will understand people who get upset about getting $22 million because it isn't $28 million.

Edgy DC Aug 04 2006 09:46 AM

I just think there's still a chance that Reyes could pull a Furcal and recede before advancing again. Willis was nutty wild pitching to him with Franco on third last night (I think it was the seventh), even throwing one behind his head. With a 2-0 count, where he should be zoning, he had to check his swing on a pitch two and a half feet outside. Willis, by the way, had more velocity last night than I remembered him having.

KC Aug 04 2006 09:54 AM

Willis looked like he tapped into something a little extra being so furious with the umpire - he had that look in his eyes like not turning back.

TransMonk Aug 04 2006 10:57 AM

I agree...an awesome read.

Frayed Knot Aug 04 2006 12:20 PM

I like archived threads where I still agree with everything I said 9 months later.

Nymr83 Aug 04 2006 01:50 PM

Frayed Knot wrote: I like archived threads where I still agree with everything I said 9 months later. Some of us might be better off if the archives went away :) but i still stand by everything i said in that thread, he showed the improvement i asked for (no matter how unlikely i thought it was) so he got the contract.

metsmarathon Aug 04 2006 02:44 PM

in that other thread, i wrote: a cursory glance at this years' crop of qualified ML SS's tells me that $3M looks to be about mean, with a reasonable ceiling, excepting furcal, tejada and jeter, of $6M, but i have no idea how that all changes with time- it was, afterall a cursory glance. so, given those assumptions, and a 2006 full of offensive progress - ie raising his OBP to at least 350ish with promise of more discipline in the future, no injuries, and, dare i say, a modest increase in power at no expense of speed, i'd be cool with something on the order of 3, 4, 5, 6, 6, (7 opt) to secure our shortstop for the next 5-6 years.

Zvon Aug 04 2006 05:17 PM

Smartest move Omar has made to date,IMO. And thats sayin alot.