ESPN’s Buster Olney is reporting that the San Diego Padres and Greg Maddux have agreed to a one-year $10 million deal. This is a good signing for the Padres, so good in fact that I believe Maddux is giving the Pads a small discount. It sounds like Muddux really likes pitching in San Diego.
“From my talks with Greg this year, he had as much fun this year as any other time in his career,” Padres manager Bud Black said Monday night. “It’s no surprise to us that he wants to continue. He loves to compete.”
Maddux’s ERA wasn’t up to his usual standards (4.14) especially considering his home park (ERA+ 98). Basically, he looked to be a league-average pitcher. However, Maddux pitched in a way that is more consistent with a lower ERA with a strikeout-to-walk ratio greater than four and 0.64 HR/9IP for 198 innings.
I’ve finished my dollar valuations for 2007 and I have Greg Maddux’s performance valued at about $12 million. And for the the amount of innings he pitched he provided $4 million more than an average pitcher would have generated. Mad Dog still has it.
Now compare this to Curt Schilling, who is rumored to be signing a one-year extension with the Boston Red Sox for around $13 million (we’ll see). In 2007, I estimate Schilling’s performance was worth $8.3 million. His strikeout-to-walk ratio was similar to Maddux’s, but he gave up more home runs (1.25/9IP). His value is that much lower than Maddux’s mainly due to the fact that he pitched nearly 25% fewer innings.
This is going to be another fun offseason.
UPDATE: Schilling has apparently reached a deal with the Red Sox for $8 million guaranteed, with $2 million in physical conditioning incentives, and $3 million in performance incentives. So, the $13 million numbers occurs only if pitches well and stays healthy, but he gets $8 million if he repeats his 2007.