After a couple of years of relatively cautious spending, Major League teams are opening their wallets again this winter. If you count the Troy Tulowitzki contract extension, we’ve seen three deals struck that guarantee over $100 million in future commitments, and Cliff Lee hasn’t even signed yet. The last time we saw this kind of aggressive spending in the market was 2006, when four teams spent in excess of $100 million to acquire new talent. Unfortunately for those with money this winter, that winter also serves as a reminder for why throwing your cash around can be a bad idea.
The four players who cost their teams $100+ million that winter? Alfonso Soriano (8 years, $136 million), Barry Zito (7 years, $126 million), Carlos Lee (6 years, $100 million), and Daisuke Matsuzaka (6 years, $52 million, plus a $51 million posting fee). None of those players have come close to providing a return on their investment, and are all essentially untradeable at this point.
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