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Adrian Gonzalez was given the second biggest contract in Boston Red Sox history when he agreed to a seven-year extension worth $154 million with a signing bonus early on Friday morning.
The previous ownership group gave out the franchise's most expensive contract (see: Manny Ramirez), but this is the biggest extension handed out under the current ownership group of John Henry and Fenway Sports Group.
Gonzalez signs the richest contract that ownership, led by John W. Henry has given out since he bought the team in 2003. Previous ownership signed Manny Ramirez to an eight-year 160 million dollar contract in 2000.
This is not the first 100 million dollar contract the Red Sox have given out this offseason, as they signed outfielder Carl Crawford to a seven-year 142 million dollar contract as well. (via Over The Monster)
Gonzalez's extension was once thought to be a deal buster, as the Red Sox were unable to work out a new contract before trading for the first baseman. It is speculated that the reason the Red Sox waited so long to sign Gonzalez to an extension was related to the luxury tax.
In his first 11 games in Boston, Gonzalez is 11-for-41 (.268 batting average) with one home run and seven RBI. Gonzalez is a lifetime .284 hitter with 169 home runs and 532 RBI.
Remember back in the day when SI's Jon Heyman tweeted that the Red Sox and Adrian Gonzalez weren't able to work out a contract extension and the trade for the then-Padres slugger was dead? Remember four hours later when he tweeted that it was back on?
I sure do. And today, the once-disputed framework of a contract that would ensure the All-Star first baseman remains a Red Sox for years to come was finalized. Adrian Gonzalez will be in Boston through at least the 2018 season after signing a seven-year, 154-million dollar extension.
The contract includes a $6 million signing bonus, and unlike many recent contracts handed out by Theo Epstein, doesn't come with any options after the 2018 season, meaning Gonzalez will be a free agent at that point.
It's the second long-term extension inked by the Sox already this season, after Clay Buchholz was given a four-year, 30-million dollar deal earlier in the week.
The deal was first reported by CSNNE's Sean McAdam.
Adrian Gonzalez could have a new contract within the next seven to ten days, according to a report from the Boston Herald. In fact, according to the report, Gonzalez may have his new contract as soon as this weekend.
John Boggs, Gonzalez' San Diego-based agent, said yesterday that a deal could be reached during the homestand that begins today with the Fenway Park opener against the New York Yankees.
"I hope we will have something agreed upon in the next 10 days or so," Boggs said.
In six games this season, Gonzalez has seven hits in 23 at bats (.304 batting average) with one home run, five RBI and two walks. Gonzalez, who is 29 years old, is a lifetime .284 hitter with 907 hits, 169 home runs, 530 RBI and 417 walks.
According to ESPNBoston's Gordon Edes, first baseman Adrian Gonzalez informed the Red Sox that his contract demands will remain the same throughout the season and promised that he will negotiate during the season. Gonzalez and the Red Sox reportedly hammered out the parameters of a contract extension in the range of 25 million annualy over seven years.
"We gave them our word that we were going to negotiate during the season in good faith. We're not going to go in there and ask for Albert Pujols' contract, something along those lines.''
The Red Sox and Gonzalez were unable to agree to a contract extension, but were able to put the parameters of an extension in place to give the Red Sox the confidence to OK the trade that sent Gonzalez to Boston, and Anthony Rizzo, Casey Kelly, Raymond Fuentes, and Eric Patterson to San Diego.
Eric Patterson has been announced as the final piece of the Adrian Gonzalez trade between the Red Sox and Padres. The terms of the trade included a player-to-be-named, and Patterson, it seems, has been tabbed the victim.
It's no surprise, as there was absolutely no room for a bench-warming left-handed bat in the Sox' lineup, and Patterson won't have a place in the outfield or at second base with the returns of Jacoby Ellsbury and Dustin Pedroia to their respective defensive roles.
That's a pretty perfect finish to the deal for the Red Sox. Eric Patterson really didn't have any room on the team with the Jed Lowrie/Marco Scutaro combo at shortstop and Mike Cameron in the outfield. Really, having his small salary and roster spot open up is something of a bonus to the Gonzalez deal.
The Padres will be Patterson's fourth team and fourth division since debuting in August of 2007. the 27-year old utilityman hasn't recorded more than 103 at-bats in any season with the same team.
After numerous reports surfaced earlier this week about the Red Sox and newly-acquired first baseman Adrian Gonzalez agreeing to terms on a seven-year contract extension, the hard-hitting lefty indicated that no such agreement had been reached, according to a NESN report, quoting a Mexican blog familiar with the player.
The extension, which was said to not be getting signed until after Opening Day, when it wouldn't count against the Red Sox' luxury tax threshold for 2011, now may not be in place at all.
"Nothing about that is true," said Gonzalez of multiple reports that has him signing an extension with Boston for at least seven years and at least $154 million. "It's false. I haven't signed any contract."
Gonzalez noted that while discussions had taken place, the parties were unable to agree upon the numbers and that until talks resume during the season, he's not going to tip his hand as to how many years or dollars he's looking for.
"The only thing I have for sure is the contract I had already signed with the Padres, and what I can tell you is that over the course of the season we're going to negotiate to reach an agreement."
Shortly after the Red Sox officially introduced Adrian Gonzalez late Monday morning, reports began to surface that the two sides had reached an agreement on the now infamous contract extension.
According to SI's Jon Heyman, Boston and Gonzalez have agreed to a seven-year contract extension for "about $154 million," keeping the prized first baseman in Fenway Park through the 2018 season for an average of about $22 million/year. Combined with the $6.2 million Gonzalez is due in 2011, and that bring Boston's total investment to eight years and about $161 million.
For the record, Fox Sports' Ken Rosenthal is hearing something similar and tweets that the extension "will be no more than 7 yrs/154M - a 22M average salary."
Mark Teixeira signed with the Yankees for $180 million over eight years (roughly $22.5/year), while the Phillies secured Ryan Howard with a five-year, $125 million extension.
Heyman adds that the extension won't be finalized yet for "tax considerations." As previously noted, it's in the Red Sox' best interest to wait until after the 2011 season starts to announce an extension.
If the extension is signed after Opening Day rather than before it, then it would not be factored into the calculation of Gonzalez' AAV for the 2011 season. So, he would have a $6.2 million CBT hit in 2011, and then count for $22 million (or whatever the average salary is of his long-term deal) against the luxury tax threshold during the life of the extension.
That would means the Sox can still be big players in the free agent market as they search for a corner outfielder and relief pitching -- notably former Angels LHP Brian Fuentes, whom they've expressed interest in, according to a number of sources.
After much back-and-forth on Sunday -- it went from a done deal to a deal that was done and back again -- but now, multiple reports have Adrian Gonzalez joining the Boston Red Sox via a trade from San Diego. The trade means Boston finally for the player they have been interested in literally for years. And Gonzalez finally got his wish, too.
"He's wanted this for a really long time," said the source.
The deal was completed for the originally reported top prospects -- Casey Kelly, Anthony Rizzo and Reymond Fuentes (plus a player to be named later) -- but was done without a contract extension in place. However, it's believed both sides have the parameters in place.
The delayed extension also benefits the Red Sox financially if they wait until after the 2011 season starts to announce it officially.
And then, this: late Sunday night, the Red Sox announced they will hold a press conference Monday at 11:00 a.m., "to make a major baseball announcement." Wonder what what it could be.
Jon Heyman is reporting that, six hours after the Adrian Gonzalez trade was said to have died, the Red Sox have come to an agreement with the slugging first baseman, completing the deal and bringing him to Boston.
While the sides were unable to come to an agreement on an extension immediately, multiple sources claim that a general understanding was reached on parameters, and that if Gonzalez’ recently-operated on shoulder heals well, then an extension will be signed after spring training.
This has the added benefit of allowing the Red Sox to keep their luxury tax figure low, dodging potentially millions of dollars in penalties.
There is no word yet on the size of the possible deal, but if the Sox are getting to see how his shoulder holds up, expect it to come closer to Gonzalez’ original demands than to the Red Sox’ original offer.
In 2008, the Red Sox missed out on signing Mark Teixeira, a prized free agent first baseman. Two years, it appears to be happening all over again.
On Saturday, the Red Sox reached an agreement to bring the Padres' Adrian Gonzalez to Boston in exchange for three high-level prospects. But now, according to Sports Illustrated's Jon Heyman, who has been all over this from the beginning, the "deal fell thru." He added that the "Red Sox just could not reach deal [with Gonzalez].
The team had until 2 p.m. EST to reach a contract extension with Gonzalez, and when that did not happen, they didn't ask for an extension of additional time from MLB. He has one year remaining on his current deal, and is set to make $6.2 million in 2011.
Source: Window is closed for #RedSox to negotiate extension with AGon. Teams can still negotiate trade. This is far from over.
#RedSox can make trade and keep talking to AGon, presuming they are confident of deal. Hard to give up this much for 1-yr guy.
So the trade can still happen. But without a very strong indication that they'll be able to get an extension with Gonzalez signed either in Spring Training or sometime during 2011, it wouldn't make any sense for the Red Sox to follow through with this trade. And that'd really force Boston's hand, as Over The Monster points out:
There is a possibility that the Red Sox will choose to keep the trade anyways and continue negotiating, that would put the team's back up against the wall, forcing them to either agree to Gonzalez' contract demands or risk walking away from a deal that saw them trade two of their top-3 prospects for just one year of Gonzalez.
As Rosenthal said, this is far from over.
Adrian Gonzalez passed his physical (as expected) on Saturday, which means the Red Sox have until 2 p.m. EST on Sunday to complete deal with an agreement on a contract extension. The first baseman reportedly wants "Ryan Howard money," referring to the five-year, $125 million contract the Phillies' 1B signed this year.
While it's not a necessity that a new deal is signed to complete the trade from San Diego, the Red Sox at least are going to want strong indications that the two sides are on the same page and headed in the same direction. After all, Boston is giving up three of its top-six prospects.
But with Boston supposedly offering six years and Gonzalez wanting eight years, it's possible a new deal is not reached. So what if that happens? SI's Jon Heyman tweeted Saturday night "[The Red Sox] may be willing to do [a Gonzalez] deal without extension and may actually prefer to just talk parameters now, then watch him in spring." Gonzalez is still in a sling after shoulder surgery and is not expected to be able to swing a bat until March, so in that sense kicking the tires a bit before a new contract makes sense. However, dealing Casey Kelly, Anthony Rizzo and Reymond Fuentes for a player you're not already 100 percent certain makes little sense.
Delaying a new contract does make sense financially, thought, writes WEEI's Alex Speier. Gonzalez is set to make $6.2 million in 2011, but if an extension is signed before the start of the season, suddenly he becomes much more expensive when the Red Sox calculate their competitive balance tax and 2011 payroll.
The implications would be significant. The Sox have always viewed their CBT payroll as being more significant than their actual payroll, and with good reason: If they can avoid doing so, they don't want to pay the luxury tax. [...] If Gonzalez is playing under the terms of his current contract, it would go a long way towards helping the team avoid paying the tax in 2011. Superstar production for a $6.2 million CBT can help transform a payroll.
So what does that have to do with signing the extension after the season starts? If the extension is signed after Opening Day rather than before it, then it would not be factored into the calculation of Gonzalez' AAV for the 2011 season. So, he would have a $6.2 million CBT hit in 2011, and then count for $22 million (or whatever the average salary is of his long-term deal) against the luxury tax threshold during the life of the extension. Under that scenario, the Sox could likely afford to hand out a monster contract to Werth or Crawford while still limbo-ing under the luxury tax threshold for next year.
While the teams have not said anything officially yet, the deal to send Adrian Gonzalez from San Diego to Boston is seemingly all but done, with CSNNE.com's Sean McAdam saying that Gonzalez has already taken his physical and that his recently operated on shoulder "should be fine" with "just minor tests still to complete."
In exchange, the Red Sox are sending three of their top prospects to the Padres: RHP Casey Kelly, 1B Anthony Rizzo and CF Reymond Fuentes (and a player to be named later). It is important to point out here what Boston did not have to give up, which was outfielder of the future Ryan Kalish (.252/.305.405 in 53 games with Boston in 2010) and shortstop of the future Jose Iglesias.
While the trio of Kelly/Rizzo/Fuentes is still three of Boston's top prospects, with many ranking Kelly as the club's best minor league player, the fact that neither Kalish nor Iglesias were involved makes this deal ever better from a Red Sox' perspective, if possible. Rizzo became immediately expendable with Gonzalez coming to town to takeover at first base for years to come, and the loss of Kelly should be softened by recently drafted Anthony Ranaudo and Brandon Workman.
Even more good news for Boston: the Red Sox have gained five draft picks in what should be a deep 2011 draft as free-agent compensation for losing Victor Martinez, Adrian Beltre (all but gone now) and Felipe Lopez.
But still, Boston is surrendering two former first-round picks, and three players who are all expected to make an impact on the MLB level. WEEI's Alex Speier offers an excellent and comprehensive break down of exactly what the Red Sox are losing.
Kelly has been described as having the potential stuff and makeup to become a superstar on the mound. His athleticism on the mound has been compared to that of Royals ace (and 2009 Cy Young winner) Zack Greinke. While he had a 5.31 ERA in Double-A Portland this year, and saw his tremendous command numbers take a hit (he more than doubled his walk rate, from 1.5 per nine innings to 3.3 per nine innings), he saw the development of a power arsenal. His fastball velocity regularly touched 93-94 mph in 2010 (up from 90-92 in 2009), peaking at 96 mph, and he added a potential swing-and-miss curve to a changeup that his Arizona Fall League manager, Mike Sarbaugh, described as "a separator."
This is what Adrian Gonzalez did for the Portland Sea Dogs as a 20-year-old in 2002: .266/.344/.437/.781, 17 HR, 96 RBI, 138 games
This is what Anthony Rizzo did for the Portland Sea Dogs as a 20-year-old in 2010, following his early-season promotion from Hi-A Salem: .263/.334/.481/.815, 20 HR, 80 RBI in 107 games
Rizzo became the 20-year-old to hit 20 or more homers in the Eastern League since Dernell Stenson in 1998. Between his two levels, Rizzo finished the year with 25 homers, 42 doubles and 100 RBI, hitting .260/.334/.480/.814.
"We haven't seen this kind of power production from a player in the last five years that I've been here, especially not from a high school kid," said Hazen. "He's an exciting hitter. The numbers speak for themselves, I think. To do that at that age and at that level is pretty impressive."
As a 19-year-old in full-season Single-A Greenville, Fuentes hit .270/.328/.377/.705 with five homers and 42 steals in 47 attempts. When the Sox drafted him, they suggested that the cousin of Carlos Beltran has surprising power, with his wrists reminding some of Alfonso Soriano. Even so, speed is more Fuentes' game. He is a burner with a chance to make an impact on the bases and, especially important for the Padres, in the outfield. Fuentes is considered a potentially well-above-average center fielder, a significant consideration for the Padres in spacious Petco Park, where games are truly won and lost with pitching and defense.
"This guy has some pop. He's an impact defender," Hazen said during the season. "He's a traditional gazelle."
Read more reaction at our Red Sox blog, Over The Monster.
Assuming all reports are correct, and that the physical and contract extension all work out, Adrian Gonzalez will be a member of the Boston Red Sox in 2011 (and years beyond).
Immediately, this means the Red Sox seemingly set to give up three of their best prospects (pitcher Casey Kelly, first baseman Anthony Rizzo and outfielder Reymond Fuentes), and it also likely marks the end of their pursuit of Adrian Beltre (Gonzalez plays first base, which would shift Kevin Youkilis back to third base).
So what exactly are the Red Sox getting?
Gonzalez, just 28 years old, is considered one of the game's best hitters. He has hit 30 home runs or more every year since 2007, doing so while playing his home games in a very pitcher-friendly PETCO Park in San Diego. He hit a career-best 40 home runs in 2009 while drawing a league-leading 119 walks (good for a .407 OBP) and putting up a 162 OPS+.
Additionally, he's an excellent defensive first baseman, having won two Gold Glove awards (which, whatever), and boasting a career UZR of 6.2. His UZR of 1.1 in 2010 was eighth best in all of baseball (UZR measures a "fielder's defensive contribution in theoretical runs above or below an average fielder at his position in that player's league and year;" zero is considered average).
More from Over The Monster:
So what are the Red Sox getting in Adrian Gonzalez? It's hard to be sure. They could be getting a great first baseman who hits .298/.393/.511, or they could be getting an absolutely ridiculous first baseman who hits .315/.402/.578 away from cavernous Petco Park. Combined with now-third baseman Kevin Youkilis, the Red Sox will have a dominant 3-4 combination that they've lacked since the departure of Manny Ramirez and the decline of David Ortiz.
|2010 - Adrian Gonzalez||160||591||87||176||33||0||31||101||93||114||0||0||.298||.393||.511|
Adrian Gonzalez, the target of the Red Sox since they lost out on signing free agent Mark Teixeira two years ago, is reportedly already in Boston after San Diego and Boston agreed to a trade early Saturday morning.
ESPN's Buster Olney, who was the first to report the trade, tweeted that the Red Sox flew Gonzalez into Boston "for the continuation of the process, to get this deal done." The deal remains pending a physical, which while normally is just a formality, Gonzalez underwent surgery on his shoulder (which will keep him from swinging a bat until March), so the team will want to be thorough. Additionally, the Red Sox must negotiate a contract extension with Gonzalez, who is entering the final year of his deal (he'll earn $6.2 million in 2011). Sports Illustrated's Jon Heyman speculates an extension in the range of seven years and $165-170 million.
While it's still not official who Boston is sending to San Diego, Heyman reports that pitcher Casey Kelly is included, while Dan Hayes of the North County Times says in addition to Kelly, first baseman Anthony Rizzo and outfielder Reymond Fuentes (and seemingly confirmed by Peter Gammons), none of which are surprising.
Talks between the two teams regarding Gonzalez have been on-and-off for the past year, going dormant after the trade deadline but emerging again in force on Friday night.
While it's not currently known what compensation the Padres will receive, the prevailing rumors were that no major league players would be involved, and that any deal would be centered around top prospects Casey Kelly (RHP) and Anthony Rizzo (1B).
Gonzalez, 28, hit .298/.393/.511 last year with 31 homers and 101 RBI. Even more impressive were his numbers away from cavernous Petco park, coming in at .315/.402/.578. The powerful lefty will likely fit very well in Fenway.
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