I’m slowly getting back into the swing of things here. I’ll catch up on the deals that happened over the holidays shortly.
Reports have the Red Sox signing Adrian Beltre to a contract that guarantees him $10 million for one year. The deal supposedly includes a player option for a second year that would be for $5 million (in lieu of a $1 million buyout) pushing the potential money guaranteed to Beltre to $14 million over the next two years. The option is also said to have escalators that increase the value of the option.
This is an interesting deal. I have Beltre estimated to be worth about $10.5 million in 2010. From Beltre’s perspective this deal grants him some financial security if his production falls off, but allows him the option to seek a better free-agent deal if he rebounds from his down 2009 season. The Red Sox get an excellent defender and decent hitter for about his projected worth—he’ll likely be worth a little more to the winning Red Sox—and if he falls off, they don’t have to pay him much in the second year.