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Thread: Evan Longoria signed to Long-term deal

  1. #1
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    Evan Longoria signed to Long-term deal

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    The St. Petersburg Times reports that the Rays have signed Evan Longoria to a long-term deal.

    It only took six games and 20 at-bats. The team is expected to announce the signing at a 1 p.m. press conference. Longoria wasn't eligible for free agency until 2014, and the contract likely takes him through then with a club option on his first year or two of free agency. He projects to be one of the league's better third basemen, and the deal should protect the Rays against rapidly inflating salaries come arbitration time.
    http://blogs.tampabay.com/rays/2008/...o-make-ma.html

    20 At Bats in the Majors and he gets a long-term deal. I cant think of a case where someone got one quicker then this. Very interested in the numbers, I can't think of a comparible case to this.

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    Rays signed Evan Longoria to a nine-year contract worth a guaranteed $17.5 million.

    The first six years of the contract cover his arbitration years, with three more years added by team options. If the team exercises its one-year option for 2014, and then its two-year option for the 2015 and 2016 seasons, the deal could be worth up to $44 million. They're investing more than they have to early, but if salaries keep rising and Longoria attains the success he's projected for, this deal would make him an absolute steal for the Rays.
    Wow, what a steal. 6 yr/17.5 million worse case, 9 yr/44 million best case scenario.

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    Quote Originally Posted by Ven0m View Post
    Wow, what a steal. 6 yr/17.5 million worse case, 9 yr/44 million best case scenario.
    Smart play by Tampa Bay. This is what they'll need to do to lock up players they normally couldn't afford to pay market price for - buy arbitration years at a discount rate by paying more up front.

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    Quote Originally Posted by Ven0m View Post
    Wow, what a steal. 6 yr/17.5 million worse case, 9 yr/44 million best case scenario.
    If he's as good as they think he is going to be, they should save $10 to $15M in the first 6 years, and even more on the next 3.

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