As expected, the Braves and Tom Glavine agreed to a contract yesterday. This is a one-year, $8 million deal. Supposedly, Glavine was willing to pitch for the Braves for less than what he could have received on the open market. Though Glavine bolsters the Braves rotation, I’m not seeing much generosity on Glavine’s part. Below, I list Glavine’s performances for the past three seasons as I valued them in 2007.
Season Value 2005 $12.50 2006 $8.81 2007 $7.67 --- --- Avg. $9.66 WA $8.86
The numbers indicate that Glavine is getting a salary around his projected worth. His average value over the past three seasons was about $1.5 million more than his contract; however, he’s going to be 42 next year and his performance has been declining. The 3-2-1 weighted average (3*2007 + 2*2006 + 2005) is $8.86 million.
This doesn’t mean that he isn’t giving up something to leave the Mets. He declined a $13 million option with the Mets, which triggered a $3 million buyout; thus, he’s pitching for $2 million less than the Mets would have paid him. I don’t think this is a horrible deal for the Braves, even when you include the first-round draft pick that the Braves must give to the Mets. But, I don’t think this contract is much different from what he would have received in the open market.