The Possible Extinction of the Early-Career Superstar Extension
On Monday, the Cardinals announced yet another contract extension, having agreed to a long-term deal with outfielder Stephen Piscotty. This (presumably) wrapped up a busy extension winter for St. Louis, as they had previously kept Yadier Molina from hitting free agency after the season and had bought out Carlos Martinez’s arbitration years in exchange for a few of his free agent seasons. This followed last year’s long-term deal for Kolten Wong, who himself followed Matt Carpenter in deciding to take guaranteed money from the Cardinals early in his career. And this group is all coming on the heels of similar deals for Jaime Garcia and Allen Craig. It’s safe to say that the Cardinals are fans of the early-career contract extension.
And it’s pretty easy to see why. While the Craig deal has turned into a lemon, they were able to move him for value while he was still viewed as an asset, and they’ve saved a bunch of money with the Carpenter extension. The history of these kinds of contracts suggests that the Cardinals are more likely to save money on the Piscotty and Martinez deals, and the franchise’s ability to keep their home-grown stars is one of the reasons they’ve been so successful for so long.
But the Piscotty extension is interesting beyond just a continuing example of the Cardinals being a well run franchise. Because, barring some type of unexpected signing in the next few weeks, it feels like Piscotty — a perfectly solid player with perhaps limited star potential — is now the kind of guy who teams are more able to sign early on.
