Originally posted by Hornsby
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Do I hear $300M, now $320, $320 now $340...
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Originally posted by eldiablo505This deal is the largest in the history of professional sports. Holy crap.
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As a Marlin fan I obviously hope it works out. The money is probably spread out in a way that most of the cash gets paid once they strike a new TV deal. I'm less worried about Stanton being worth the money than the risk of injury. Forgetting about the other injuries he has missed time from that still leaves the fact he is coming back from getting hit in the face! Some people don't regain their hitting skills after that sort of injury (Read Moonlight's comment about Heyward in the Brave/Cardinal thread). It might have been more prudent to wait and see how he fared early in the season before going this far out on a limb. The Marlins aren't the Yankees. If this is a bad contract this franchise will be devastated.
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From their Owner:
"Giancarlo Stanton has come of age, and he's going to be here a long time," Loria said in a phone interview. "It's wonderful to have a young man this caliber, integrity and ability, and I'm very happy."
Someone must have written that for him; I don't think Loria knows what "integrity" means.
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Originally posted by Sour Masher View PostIs there insurance for deals like this? Does the team get money back if he gets hit by a car? Loses a hand in a ferris wheel accident?"Jesus said to them, 'Truly I tell you, the tax collectors and the prostitutes are going into the kingdom of God ahead of you.'"
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Originally posted by Papa Deuce View PostBTW, I found this a funny title to a story on ABC News:
Meet Giancarlo Stanton, Little Known Ball Player Poised to Sign $325 Million Deal
OK, as baseball lovers we surely know him, and I am sure some folks don't..... but I would hardly call him "little known".“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
― Albert Einstein
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Originally posted by Kevin Seitzer View PostTypically contracts like this are insured on a renewable three-year basis. If the player is injured, the insurer will typically pay the club 75% of the contract value over the DL time. Premiums are a few percent of the insured value, more if the player has a past injury history. Team Scotti is the insurance broker for basically all of the MLB teams. You can do a search on them if you want to learn more.
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Originally posted by Sour Masher View PostThanks KC. Very interesting. I knew insurance was involved in some way on player contracts, but I didn't know how standard or common they were. I figured that since, in general, insurance is a losing proposition for the insured (that is how insurers make money after all) that those with the resources to take large losses would typically forego it. But I imagine that with money amounts this large, it is wise to spend for the safety net."Jesus said to them, 'Truly I tell you, the tax collectors and the prostitutes are going into the kingdom of God ahead of you.'"
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I really don't see this as a 13 year contract. It has been rare for players in their prime years with out-out clauses to not exercise them. According to Jayson Stark, here are the guaranteed terms of the deal, which look very reasonable to my eyes. Barring accidents, this looks like a very good deal for Miami IMHO (as I fully expect this contract to be torn up after 2020).
According to a major league source who had seen the terms, Stanton's salaries over those first three seasons will be only $6.5 million in 2015, $9 million in 2016 and $14.5 million in 2017, far less than he could have earned through arbitration in 2015 and 2016 and then via free agency. He would earn $77 million over the next three seasons and could opt out of the contract after 2020, following his age 30 season.
So the Marlins would be on the hook for only $107 million of the deal over the first six seasons, which computes to an average annual value of just $17.83 million per season before Stanton would have the right to exercise the opt-out clause.
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Of Stanton opts out, it becomes a very good deal for the Marlins, because it will mean the Stanton has played well enough to walk away from $218 million over 7 years (over 31 million a year) as a 30 year old. If that ends up being the case, the Marlins can pat themselves on the backs. Still hugely risky.
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