I thought they were just bidding to get him away from the Yanks?
My last thread for a long time.Wednesday, December 13, 2006
Reports: Matsuzaka, Red Sox reach agreement
ESPN.com news services
BOSTON -- The $51.11 million the Red Sox offered to pay for the rights to Daisuke Matsuzaka was enough to get the Japanese ace across the Pacific Ocean.
Daisuke Matsuzaka arrives Wednesday at Hanscom Airport in Bedford, Mass.
It took that much again, and a little more, to fly him the rest of the way to Boston.
Bridging the economic gap in the most expensive cultural exchange in baseball history, the Red Sox reached a preliminary agreement Wednesday with Matsuzaka on a six-year contract that would guarantee him a minimum of $52 million, according to multiple reports out of Boston. With $100 million on the table, the two sides flew back to Boston on Red Sox owner John Henry's private plane.
"You should assume a deal is close or done," an official with knowledge of the negotiations said, speaking on condition of anonymity because no announcement had been made.
But even before the agreement was finalized, the Red Sox planned a 5 p.m. ET news conference Thursday to announce the deal, another person familiar with the talks said, also on condition of anonymity.
NESN, the Boston cable television network in which the Red Sox have a majority ownership stake, reported that Matsuzaka would undergo a physical Wednesday night -- a prerequisite to finalizing a deal -- and showed footage of him entering Massachusetts General Hospital a few hours after his plane landed.
The Red Sox won the bidding for Matsuzaka's rights last month, promising to pay the Seibu Lions $51.11 million if they let him leave for the major leagues. But they had just 30 days -- until midnight ET Thursday night -- to negotiate a contract with superagent Scott Boras or the right-hander would return to Japan and Boston would keep its money.
When talks stalled, the Red Sox brass flew uninvited to Boras' turf in Southern California on Monday to meet with him in person. They said they had to leave Wednesday morning, with or without an agreement; Boras has said Matsuzaka would not go to Boston for a physical unless the sides had the makings of a deal.
So when Henry's plane took off -- with Matsuzaka aboard -- from John Wayne Airport in Orange County, Calif., Boston radio stations and Web sites tracked its path as religiously as they had been counting down the minutes to the deadline. After a 4-hour, 43-minute flight, the Dassault Mystere 900 tri-jet with a Red Sox logo on the tail landed in a light rain at Hanscom Field in suburban Bedford at 5:16 p.m.
Red Sox chairman Tom Werner, president Larry Lucchino and general manager Theo Epstein were seen coming off the plane with Matsuzaka and Boras. Matsuzaka exchanged handshakes and bows with some among the Red Sox welcoming party before getting into an SUV.
There were several dozen fans to greet him and about the same number of reporters, many of them Japanese. A radio station distributed signs that pictured two dice and a K -- Matsuzaka's first name is pronounced "Dice-K."
As he left the airport for his physical, Matsuzaka rolled down his window and appeared surprised by the gathering. He waved and smiled when he stopped briefly alongside Kim Miner and Rebecca Powell, 17-year-olds from nearby Concord who were holding a sign that said, "WELCOME HOME DAISUKE."
"I was so psyched," Miner said. "Because there was a small crowd, we got to see him close."
Mark Fairweather, a fan from Lincoln, had his 8-year-old son, Nick, on his shoulders.
"We thought we'd just come out here to take a look at him," the elder Fairweather said. "I'm glad they're getting some good pitching."
Although the details were still being worked on, people on both sides said the agreement would include $8 million in escalators based on awards that would bring the total to $60 million over six years. If the deal falls through, Matsuzaka's rights remain with the Lions and he cannot be offered to major league teams again until next November; he is not eligible to become a free agent in Japan until after the 2008 season.
Matsuzaka has a 108-60 record in Japan with a 2.95 ERA and 1,355 strikeouts in 204 games. He was MVP of the inaugural World Baseball Classic last March, won by Japan.
Negotiations had slowed because the Red Sox looked at the posting fee and the eventual contract as a $103 million payout for one pitcher. "That magnitude is certainly the right ballpark for the commitment of the ballclub," Epstein had said.
Boras focused instead on only the money going to his client. "Free agent pitchers who are 26 and have Matsuzaka-like ability receive salaries in excess of $100 million over five or six years in free agency," he said Monday night.
The Red Sox complained that Boras had not countered their original offer and questioned whether Matsuzaka, who had already said goodbye to his Japanese team, was being consulted.
"We're on Scott Boras' doorstep because he hasn't negotiated with us thus far," Henry said during a conference call early Tuesday, "and we're taking the fight directly to him, the fight to have a negotiation here."
I thought they were just bidding to get him away from the Yanks?
Boston Red Sox, Finanical Cripple.
Anyone can spend like the Yankees; only one can afford to.
There was too much money involved for the deal not to get done. Scott Boras is still an ass. (although a rich one )
FINALLY the SOX make a BIG SPLASH this off season!! I'm not too sure about this guy, don't know enough about him yet. If he's as good as the hype... look out Yanks!
Gil meche gets $11m a year to be a 4th starter
and Boras could only get $8.6m for DM??
1st time i can recall that Boras lost!!!
The red sux 51m posting fee will be used to generate additional income via
NEsn and Licensing fees in japan.
Boras missed this or his pitcher didn't care and wanted out of japan. Boras
would have been wiser to just get a 3 year deal.
Except 51 mil isn't subject to luxury tax and they will make a lot of it back in Japanese tv revOriginally Posted by SAR I
the creator of the green lantern just died the other day.Originally Posted by Green Lantern 80
Definitely wasn't Boras that missed the boat. He's an ass, but never waivers on his demands.Originally Posted by sameoldplanes
D-May definitely said "I'll take whatever, just get me the hell outta Japan."
Nice try SAR...but inaccurate. They will make that back in spades.Originally Posted by SAR I
No they won't. They will make, tops, $3 to $4 million a year back on him.Originally Posted by BrooklynBound
edit: The Mets, Yankees, Royals, and every other MLB team will make as much money as the Red Sox with that Japanese TV revenue...
Last edited by JeffWeaverFan; 12-14-2006 at 03:30 PM.
This theory that there is $50M Japanese dollars just flowing back to the Red Sox is hilarious to be honest.
And that would be far more than even the marketing maestros on Yawkey Way could expect to reap from exploiting Matsuzaka's connection to his homeland, according to baseball officials and economists.
"That's pretty rich," said Andrew Zimbalist, a Smith College economist who specializes in baseball finances, of the projected investment. "But it looks like it's more about winning than revenues."
The Sox wanted not only to block the Yankees from acquiring Matsuzaka, the best player to depart Japan for the major leagues since Hideki Matsui arrived in the Bronx in 2003, but also to secure a star who could help them capture their second world championship of the millennium. That alone would trigger a financial windfall. Anything more could be gravy.
Zimbalist estimated that the Sox might gain no more than $3 million a year by cashing in on the Japanese icon because they would be required under major league rules to equally distribute the vast majority of their earnings related to the merchandising of Matsuzaka with the 29 other teams.
By all indications, the Sox would have to devise a unique marketing strategy to reap a financial windfall. Like the Yankees and Seattle Mariners, who signed Japanese superstar Ichiro Suzuki in 2001, the Sox likely would benefit a bit from Japanese companies advertising in their ballpark. The Sox almost certainly would add a sushi stand at Fenway. "Matsu-tinis," a variation on the "Ichi-tinis" that surfaced with Suzuki in Seattle, could flow in the luxury suites. And the ballpark tours might become bilingual to accommodate a crush of Japanese fans -- if Matsuzaka delivers.
"It will totally depend on how well he performs," said Josh Wilber, an assistant for information and cultural affairs for Japan's consul general in Boston. "If he does a good job, I'm sure the Japanese population in New England would be extremely supportive of him."
But even if Boston were struck by Matsuzaka mania, causing a run on merchandise, the Sox would reap only as much as the other 29 teams because of the league's revenue-sharing rules on the sale of licensed goods. The same would go for any foreign television rights the Sox might sell. And even though the Sox own 80 percent of NESN, which broadcasts nearly their entire schedule, the network would be unlikely to attract much, if any, new advertising tailored to the region's relatively small Japanese market.
Why are you posting that when you obviously have no idea what you are talking about?Originally Posted by FoxboroFanatic2
Even if only 3-4 million flows back to Boston, what that does is drop his contract into a much more reasonable 14 million doller a year range (Give or take a million). Given this market, that's a steal.Originally Posted by JeffWeaverFan
That is true regarding the money. But to say that the Red Sox will get all that posting money back in revenue from Japan is just wrong.Originally Posted by Ven0m
And, it will be a steal depending on how he pitches. I think he'll pitch well, somewhere in the low 4's in ERA, but who really knows? Wasn't Beckett supposed to come from the NL and pitch lights out this last year? Wasn't Jose Contreras supposed to be an ace coming from Cuba? Wasn't Hideki Irabu supposed to be a very solid starter here? Matsuzaka was pitching in a league equivalent to AAA last year. The switch to the AL East in Fenway will not be easy.
edit: Not to mention it's a 6 year deal. A lot can happen to a pitcher in that time. I'd be against giving any pitcher a 6 year deal besides a few in MLB right now...
Last edited by JeffWeaverFan; 12-15-2006 at 07:13 PM.