As you’ve heard by now, the Mariners are close to a deal with Felix Hernandez on a 5-year extension. The deal would run from 2015-19, his ages 29-33, and is expected to make him the highest-paid pitcher ever, with an average salary of at least $25 million per season. (Initial reports of a $27.1 million AAV have been denied, but if I were a betting man….)
King Felix was already under contract for 2013-14 at about $20 million per.
I confess: I don’t really understand negotiating a top-of-the-pay-scale, 5-year extension for a pitcher two years before his free agency, when a mound of data suggests he’ll be declining by the time the contract kicks in, and quite possibly sooner. What does the club gain by doing this now?
Since the deal comes so far before his free agency, it’s worth guessing at what he might do not only during the deal, but also in the two years before it begins — two years that represent lost knowledge in Seattle’s decision-making process. Let’s see what we can learn from recent stars at a similar age.