Finances
Update: Cubs sign Darvish to 6 year, $126m deal
Ken Rosenthal is reporting that the Cubs signed Yu Darvish to a six year, $126m free agent contract. The year-by-year breakdown is not yet know, but the $21m AAV means the Cubs remain $11m under the 2018 Luxury tax cap, with only the back-up catcher spot remaining to be accounted for.
Cap space estimate revised downward by $2m after five Cubs avoid arbitration
The Cubs reached one-year agreements with five out of six arbitration eligible players on Friday. The payroll tracker has been updated with the new salaries. Kris Bryant broke Ryan Howard’s record for highest first-year arbitration salary with a $10.85m deal, almost $2m higher than mlbtraderumors’s $8.9m estimate.
A Toast to Crane Kenney, the man with the wheelbarrow.
In the absence of any significant Cubs news over the past week (we apparently signed a AAA depth reliever), I instead prepared a brief tribute to an unsung hero of the Cubs rebuild: Crane Kenney, President of Business Operations.
Selling Naming Rights to Wrigley would add $4.5m in annual payroll
Selling the naming Rights to Wrigley Field would add $4.5m in payroll. I provide this fact as a data point for any holiday discussions you find yourselves in.
Cubs avoid Luxury Tax
The Associated Press (AP) confirmed today that the Cubs did not exceed the competitive balance tax cap in 2017. The AP obtained the final figures from the commissioner’s office. The Dodgers, Yankees, Giants, Tigers, and Nationals each exceeded the cap in 2017, the Nationals for the first time. The confirmation is nice, as quite a few financial estimates on this site were based on the assumption that the Cubs had stayed under the cap.
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A Bryant Extension Would Save Money
by Moshe W.
The Cubs could save $7m in luxury tax penalties by signing Kris Bryant now to a four-year contract covering his arbitration years.
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Giancarlo Stanton just took a $32m pay cut to play for the Yankees
by Moshe W.
Giancarlo Stanton was traded from the Florida Marlins to the Yankees. The move will cost him $32m because while Florida has no state income tax, New York city and state both do.
Extending Mr. Hendricks
by Moshe W.
Kyle Hendricks will be aggressively targeted by the Cubs for an extension this offseason.
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Morrow and Chatwood
by Moshe W.
Brandon Morrow and Tyler Chatwood have been added to the financial tracker. Morrow’s final contract numbers are $9m per year in 2018 & 2019, plus a vesting option in 2020 for $12m with a $3m buyout.
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Salary Cap and Free Agent Money
by Moshe W.
Hi readers. This is the first of (hopefully) many regular contributions to the Cub Reporter.
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Recent comments
Dolorous Jon Lester (view)
This is Cubs adjacent but…
Jordan Walker just was optioned by the deadbirds. For all the talk of the Cardinals development machine, they’ve really missed on a lot of can’t miss superstars lately. Walker has struggled. Gorman has been okay. They’re already trying to push Carlson out the door. Their pitching system has been so bad they had to go out and sign basically a full rotation over the last two offseasons.
They’ve still developed a few of those pesky solid players, like Donovan, Edman, and Nootbaar. Their two best prospect to MLB players have been Adolis and Arozarena, neither of which is a cardinal.
I hope they never figure it out again. Cardinal failure brings me such joy.
Raisin101 (view)
Thank you so much! I really appreciate not only all your posts but how eager you are to respond to our questions.
Sonicwind75 (view)
Is it just me or does it seem that official scorers are becoming less likely to call a misplay an error?
Guess I've hit my cranky old-man phase in life. "I remember back in the day when an error was an error. Official scorers have gone soft. Now where did I put my readers?!!??"
Sidenote, maybe Bellinger should be a little more careful against the Astros. That was the series last year that a play at wall put him on the IL.
crunch (view)
i hated the almonte pickup, but he's 9-10 out of 12 for good outings, following a great spring. hope he can keep it up.
i already miss cooper, but yeah...the thin OF roster backup the team seems to want to carry probably got wisdom preference over cooper. i could live without seeing wisdom at 3rd unless it's a blowout, though.
Childersb3 (view)
Things I've been wrong about:
-Tauchman is fine as a 4th OF. I knew that. I just want a better LH DH option and he was really the DH for us until Seiya got hurt. I'm glad Mervis is getting a chance at it. Caissie is coming for that job for sure. But Tauchman continues to be highly useful as a 4th OF with Seiya being hurt
-I wanted Yency to go to get guys at Iowa a chance. Guys like Palencia and Sanders or RileyT. Maybe even Hodge! But Yency has been better the last two plus weeks. He did hit 96 the other day. He was 93 in Texas to open the season.
-Leiter has his split working enough. It just needs to stay there
-I was surprised Jed picked Wisdom over Cooper. I wonder if this happens if Seiya wasn't hurt. Wisdom has more power. Cooper is the better hitter. Jed picked Wisdom and Wisdom had an option left as well.
-Palencia just doesn't miss enough bats. Similar to ManRod, just two yrs younger. ManRod is killing AAA for TB right now!
Things I got right so far:
-Hendricks. Sorry Kyle. You got paid though!
Jed, you missed there.
-Smyly. If Jed could've traded him before or during ST, then he should have and saved some cash.
-Mastro. Not a LH DH. Pinch runner. Defensive utility. Maybe he's better than Madrigal but didn't get a legit chance to prove it.
-Luke Little is good. He's had one bad outing. That's it. Needs to get better entering with guys on base. But he needs to stay in MLB.
-Oh yeah....Morel is doing fine at 3B! He'll get better as well!!
crunch (view)
bellinger "right rib contusion"
Childersb3 (view)
South Bend just lost the lead in the bottom of the 9th on the weirdest scenario, ever.
It's absolutely pouring rain....men on 1st and 2nd, 1out....JPatterson asks for a new ball, but no time out was called....he throws the old ball toward the dugout (not sure if it rolled out of play).....the ump declares the runners get two bases each so one run scores. Then a single up the middle ties the game.
The rain was coming down in buckets at this point.
Just weird
crunch (view)
...and bellinger is gone in the 7th because of that 2nd blown chance and the wall he bounced off of...
hopefully his rib cage/shoulder feels better tomorrow, we just got happ back.
Childersb3 (view)
Phil,
Any thoughts on Y. Rojas' stuff and Y. Melendez's game (I believe I've asked about him before, sorry)?
crunch (view)
wow, things are moving fast. hopefully it continues.