Ken Rosenthal reporting Chapman is getting five years and $86-million.
Let me preface this by saying I would not have made this move. But, I also understand the Yankees’ thinking which I assume was this:
1- We need stars to get those expensive seats sold. Chapman and his freakish 102-mph fastball puts asses in seats.
2- We need to stay somewhat competitive to keep those expensive seats filled. Chapman and Betances at the end of games should help us there.
3- We didn’t want to give up a draft pick and sign a free agent- Chapman does that.
4- Chapman is 28, hardly a geezer and our youth movement can continue.
5- We know this guy and we know he can handle New York.
Maybe I’m the geezer, but a world where a guy gets $17-million to pitch 60 or so innings doesn’t make sense to me. It’s a huge inefficiency, but that could change if we see Girardi use Chapman more than he did this year.
And while the money is ridiculous, it only really matters if it prevents the team from making moves down the road, Since they are shedding payroll in huge way again next season and the spending caps reign them in almost everywhere else, free agency is probably the place they should invest some money. Let’s just hope they do it intelligently this time. Despite my objections, I cannot argue they were stupid here.
UPDATE- A couple of contract details on Chapman
1- He has an opt-out after three years
2- He has a full no-trade for three years
3- After three years, he has a no trade to teams in California
Apart from not understanding what Chapman had against California, these contract details are fine. While opt-outs are viewed as bad, they are great IF the team is smart enough to walk away when they are exercised. We may get a sense of that with the Yankees next offseason if Tanka opts out.
UPDATE- The opt out is not as favorable, because they are paying an $11-million signing bonus. So if Chapman opts out after three years he gets $56-million for his works.