Heading into the winter, it wasn’t entirely clear what the market for Carlos Ruiz was going to look like. He’s headed into his age-35 season, coming off his worst offensive year since 2008, and served a 25 game suspension for failing a drug test (for using amphetamines, specifically Adderall) last year. However, Ruiz proved to be a popular early market target for many teams, and after a week or two of a mini-bidding war, the Phillies have re-signed Ruiz to a three year, $26 million contract, a bit more than the FanGraphs Crowd’s 2/$17M forecast.
Because the Phillies have a long history of overpaying for aging players, the easy narrative is that Ruben Amaro strikes again. He just guaranteed Ruiz $8.5 million for his age-37 season, and the list of catchers who have been productive at that point in their careers is very small indeed. This deal, like almost every other contract signed by the Phillies in recent years, is unlikely to end well.
However, I will continue to point out that we should not evaluate a free agent contract by how it looks in the last year of the contract. Free agents on multi-year deals often take less money in AAV than they are worth for the beginning of the contract in exchange for being overpaid at the back end. This is entirely normal, and nearly every free agent contract is going to work the same way: value up front, albatross at the end. We cannot simply state that the Ruiz signing is a poor one for the Phillies because Ruiz will be overpaid at the end of the deal.
And while Ruiz is an aging catcher coming off a poor season, I think it would be useful to keep the lessons of Russell Martin in mind when talking about this deal for Ruiz, and perhaps hold off on the easy shots at Amaro for re-signing yet another old guy, since this old guy might still be a good player.
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