Buster Posey agrees to contract extension with the San Francisco Giants

The Giants have locked up the NL MVP through 2021

3/29/13 in MLB   |   Pat   |   5232 respect

Mar 2, 2013; Scottsdale, AZ, USA; San Francisco Giants catcher Buster Posey (28) at bat during the first inning against the Chicago Cubs at Scottsdale Stadium. Mandatory Credit: Jake Roth-USA TODAY SportsBuster Posey and the San Francisco Giants have agreed to a long-term extension that keeps him in a Giants uniform through 2021.

According to Jon Heyman of CBS, Posey's deal is an 8-year extension that will pay him a grand total of $167M over the course of the next 9 seasons.

Posey won the NL MVP last year, and also helped lead the Giants to World Series championships in both 2010 and 2012.

As Heyman notes, this deal has some pretty significant historic ramifications:

Blog Photo - Buster Posey agrees to contract extension with the San Francisco Giants


As Heyman points out, it's the longest deal ever for a catcher, and is by far the largest deal ever given to a player with less than 3 years service time.

Posey had set a deadline of opening day to get a deal done, so the Giants came in just under the deadline with this deal.

After Justin Verlander's monster deal, where do you think this contract lies on the spectrum? Good deal? Bad deal? Or somewhere in between?
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4/2/13   |   ML31   |   3675 respect

Pat wrote:
On one hand, I agree that Zito's contract was terrible. On the other hand, the Giants have won 2 World Series over the course of that contract, so I wouldn't say they were REALLY that handcuffed. They're still winning.

Two things can be equally true.  Yes, the Zito deal put them behind the financial 8-ball.  And yes, they won two World Series' in spite of that handicap.  The winning does not mean the Zito deal wasn't an obstacle to overcome.  It merely made it more difficult financially. 

4/2/13   |   Pat   |   5232 respect

ML31 wrote:
Time will tell if this is a good or bad deal.  If Posey stays healthy and produces even a little less on average than his MVP 2012 season, it's a great deal.  Especially if he does all that while still a catcher.  But...  If he fails to live up to expectations and/or gets hurt a lot...  It's an AWFUL deal that will put the team behind the financial 8-ball like the Zito contract.  Right now I like the idea of Posey signed long term.  I just wonder if 8 years is a little too long.

On one hand, I agree that Zito's contract was terrible. On the other hand, the Giants have won 2 World Series over the course of that contract, so I wouldn't say they were REALLY that handcuffed. They're still winning.

4/2/13   |   ML31   |   3675 respect

Time will tell if this is a good or bad deal.  If Posey stays healthy and produces even a little less on average than his MVP 2012 season, it's a great deal.  Especially if he does all that while still a catcher.  But...  If he fails to live up to expectations and/or gets hurt a lot...  It's an AWFUL deal that will put the team behind the financial 8-ball like the Zito contract.  Right now I like the idea of Posey signed long term.  I just wonder if 8 years is a little too long.

3/29/13   |   Scott   |   52629 respect

Posey just turned 26 so by the time this contract runs out, he'll "only" be 34.  Given the way Major League Baseball owners and teams throw around $$$, in 4 or 5 years this will probably be considered a bargain