Rays Extend Rookie Brandon Lowe
Late Tuesday night, Ken Rosenthal reported that the Tampa Bay Rays had agreed to a six-year, $24 million contract extension with 24-year-old second baseman and outfielder Brandon Lowe. Lowe is our 46th overall prospect, the top one in the 50 FV tier, and the No. 5 prospect in a loaded Rays system.
According to the Tampa Bay Times’ Marc Topkin, the deal also includes two club option years, which, along with incentives, could bring the total value to $49 million; if those options are exercised, Lowe will be 32 when the deal ends. Lowe will now obviously be making much more during his pre-arb seasons than he would have with standard contract renewals, but the possibility of overarching changes to baseball’s compensation structure in the next CBA currently make it impossible to evaluate the latter parts of the deal on Lowe’s end.
If he becomes the type of player I expect him to be — Lowe has power, walks at an above-average clip, and plays several positions including a passable second base, all of which makes me think he’s a two to three win player — a $4 million average annual value would make Lowe a bargain for the Rays. Based on Craig Edwards’ work at our site (and Driveline Baseball’s recent attempt to refine that research), 50 FV position player prospects like Lowe should be valued at $28 million, quite close to the value of his deal, excluding of the team option years. The AAV of the two option years, which would encompass Lowe’s age-31 and 32 seasons, is $12.5 million, almost exactly what D.J. LeMahieu received this offseason (age 30, two years, $24 million), and LeMahieu has been what we’d call a 50 in prospect parlance, as he was on average about a two win player during his tenure with Colorado. Read the rest of this entry »