Well, I think we’ve just seen the first piece of fallout from the stunning $2.15 billion purchase of the Dodgers on Wednesday. With money flowing into MLB at a breakneck pace, the Cincinnati Reds decided to make star first baseman Joey Votto an offer he couldn’t refuse. Actually, they made him an offer that no player in baseball could refuse, signing him (per Bob Nightengale of USA Today) to the longest contract in the history of the game — a staggering 12-year, $251.5 million commitment (or, phrased differently, a 10-year extension on top of the 2/26 he had already agreed to) that will keep Votto in Cincinnati through the 2023 season.
For as much as the Albert Pujols and Prince Fielder contracts helped shape the off-season, this is the deal that could have long lasting effects going forward. First baseman have been getting monster contracts in free agency for years, and in both cases, there were some special circumstances that set their particular case apart; Pujols is one of the great players in the history of the game, while Fielder certainly benefited from Victor Martinez’s torn ACL, which didn’t occur until after most other options were already off the table. Free agents trying to use these deals as yardsticks for future negotiations would not stack up to Pujols resume, nor would they likely reap the rewards of a high-payroll team suddenly needing their services just weeks before spring training begins.
This contract for Votto, though, doesn’t come with any of those caveats, and it didn’t come through an intense bidding war in free agency. This is the third-largest contract in baseball history being given to a player who was two years away from free agency. This deal just blows up the expected compensation level for premium players negotiating with only their own franchise.
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