Snell Trades $15,500 for $50 Million
The Tampa Bay Rays announced this afternoon that they’ve come to terms on a long-term contract extension with the team’s ace, Blake Snell. At five years and $50 million, Snell’s new deal buys out all of his arbitration years and nets the Rays, or the team he’s eventually traded to, an extra year until he hits free agency. There are no team-friendly option years tacked into the end, a common feature in pre-arbitration long-term deals such as this. The deal will take Snell through his age-30 season.
Yes, it’s less than Snell would make if he were a free agent today, but in the big picture, it’s the MLBPA’s job to negotiate a fair system of compensation with major league teams. Snell has to do what’s best for himself under the system that’s currently in place. And as these contracts go, it’s hardly a poor one for the 2018 American League Cy Young winner. The contract goes into effect immediately, crushing the $15,500 raise that Snell was assigned by the team, a situation that was primed to leave lingering bad feelings between player and team. (See Gerrit Cole and the Pirates for a situation in which fighting over a few thousand dollars led to long-term bad feelings.) Per Jeff Passan, it’s the largest deal ever given to a player with just two years of service time, surpassing those signed by Gio Gonzalez as a Super 2 (five years, $42 million) and Corey Kluber (five years, $38.5 million); both of those deals contained option years.
Year | W | L | ERA | G | GS | IP | H | ER | HR | BB | SO | ERA+ | WAR |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2019 | 15 | 9 | 3.08 | 31 | 31 | 166.7 | 135 | 57 | 15 | 66 | 189 | 135 | 4.2 |
2020 | 14 | 8 | 3.14 | 30 | 30 | 160.7 | 131 | 56 | 14 | 65 | 181 | 132 | 3.9 |
2021 | 14 | 8 | 3.12 | 29 | 29 | 156.0 | 127 | 54 | 14 | 63 | 177 | 133 | 3.8 |
2022 | 13 | 7 | 3.10 | 27 | 27 | 145.3 | 118 | 50 | 13 | 58 | 165 | 134 | 3.6 |
2023 | 12 | 7 | 3.12 | 25 | 25 | 138.3 | 111 | 48 | 12 | 55 | 159 | 133 | 3.4 |
The ZiPS projections don’t usually get too excited about single seasons, but Snell’s emergence was stunning one. No, he’s not really the pitcher that the 1.89 ERA suggests, but then, nobody really is so it’s not part of anybody’s realistic expectations. With the downside risks in both performance and injury factored in ZiPS, the projections still see him averaging just under four WAR a year over the terms of the contract. That’s enough to rank him comfortably in the top projected starting pitchers over the next five seasons. Read the rest of this entry »