Dunn is signed only until 2008, and then only if Reds exercise option.
A lot of unproven minor leaguers in your core. Hope they all pan out.
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Did Aaron get a no-trade clause in his contract?
If he didn't, then the value of this deal goes up exponentially if the Reds flounder for the next 18 months. A healthy Arroyo and Harang at the 2008 trade deadline could fetch a huge haul.
Another important aspect of this deal is the club stays in control of the 5th year and the money involved not outrageous which means this contract is very trade attractive too!
Didn't get a no trade, but if he's dealt the option year goes from team to mutual and it increases by $1 million. Also the buyout also goes up $500,000.
They could have fetched a huge haul now.
If Harang had refused the LTC offer, Krivsky would have done well to shop him. But that's moot now.
If Arroyo doesn't re-up prior to next season, Krivsky should deal him prior to 2008 spring training. He'd bring back a nice haul of ML-ready talent and prospects.
Honestly, how in the world did the Reds pull this off for that money? I am stumped. This is an extraordinary deal. harang must really like it here. And he is only 28 so even if this goes five years he won't really be far past his peak yet.
I listened to the press conference as I was scraping my car in the parking lot next to GABP (with the door open to hear it). the enormity of this moment made me cry, and then the tears froze on my face, causing it to crack. I told the guys scraping their cars near me about the deal and they were happy. Then they started talking about Homer Bailey :lol:
The first year is about what he would have gotten in arbitration this year ($4.5M).
The second is roughly what he could have expected (given a good year) in arbitration in '08 ($7Mish).
The third and fourth years (both over $10M) are fair discounts, given current market value, on his first two years of free agency.
It's a nice deal that really works out for both sides.
No, not the way the money is spread out. I forget the breakdown but he makes the least this year, then it climbs from there.
I guess I think it's such a steal because I really believe that even with a slight drop off, Aaron Harang could have stood to make maybe $15 million per in free agency in two years. I guess he likes security, though, can't blame him for that.
edit: dsmith got me too.
Oh great. :rolleyes:
Now, in effect, we have two Eric Miltonesque (read albatross) contracts around our necks. :eek:
Whatever will Wayne Krivsky think of next. :help:
:evil: ONLY KIDDING, FOLKS! :D
What I really wanted to say was somewhere between:
"It's a beautiful day in the neighborhood, a beautiful day. . ."
and
"I feel PRETTY! Oh, SO PRETTY!"
Here's to you Wayner K!!! Got'r dunn!
:beerme: WHOOO-HOOO!
---RedRoser
OMG...Harang finally got his long-term contract and he is STILL making less than Eric Milton next year :bang:
If Harang performs at his current level or higher without injury for the next 4 years, the Reds got a steal. If he gets hurt or declines in performance, well, that's why buying out arb years isn't always a great idea.
IMO, it would be better to hold onto Arroyo untill the trade deadline. As we well know, quality pitching is hard to come by. I wouldn't be in too big a rush to trade it away. If he continues to pitch as he did in 2006 and stays healthy he will still bring in the haul of talent your looking for and you get the added benefit of him pitching for the Reds in his contract year (If you believe in that sort of thing). Also, and again it's just my opinion, but I think 2008 is the first real chance the Reds have to contend and Arroyo will be a big part of that. Of course, if the right deal came along...