December 5, 2010

Gonzalez Trade Completed; No Extension Announced (Though 7/161 Has Reportedly Been Agreed To)

LIVE VIDEO of press conference here!


At roughly 7:48 PM, it was announced via multiple Twitter posts that the Adrian Gonzalez trade had been completed.

The Red Sox will hold a press conference tomorrow (11 AM: a "major baseball announcement"), but it looks like there is no official contract extension. The prospects will remain the same.

SI's Jon Heyman posted that the team is "satisfied a multiyear deal can be arranged ... have common ground on parameters" and added: "Appears red sox will add about 7 yrs at about $23 mil per to a gon's $6 mil '11 salary. But no extension will be announced yet".

Which would be 7/161 (more or less) from 2012-18.

[UPDATE: Heyman's SI article states that "both sides have apparently agreed to the parameters of a new deal, believed to be for eight years and worth a total of about $167 million." That looks like Gonzalez's 2011 salary ($6.3) plus the 7/161 deal.]
Example
Earlier today, Alex Speier of WEEI wrote:
...[I]n at least some respects, the best course the team can take might be to agree with Gonzalez to the parameters of a deal right now, and then wait until, say, April 8 (the day of the Fenway opener against the Yankees) to announce it. ...

The right shoulder, on which Gonzalez underwent surgery in October and that will keep him from playing until spring training, could serve as the ostensible justification to delay a deal. The Sox could say that they simply want to see the slugging first baseman back on the field and healthy before they formalize the extension. ...

The real reason why the Sox might want to wait until after the start of the regular season to announce an extension, if at all possible, is financial. Specifically, the luxury tax implications for the timing of the announcement of a long-term deal are huge.

28 comments:

Patrick said...

Youkilis/Gonzalez are our new Manny/Ortiz combo.

Won't be as historically good, but extremely good none the less.

Put Pedroia in front of that, and perhaps Crawford behind, and we're golden.

L-girl said...

Oh yeah, next stop Carl Crawford! Yes pls.

redsock said...

Gordon Edes:
Hearing that Sox wanted to include language to protect themselves if Gonzalez shoulder was issue. Gonzalez convinced Sox he wanted to come... Sides agreed to keep talking on extension. He came in wanting 22-25 mill a year 8 years Luxury tax implications also a factor

Ken Rosenthal:
Source: Red Sox initially offered 5/120. Gonzalez countered at 6/150. Parameters in place. Not clear where talks stand.

redsock said...

Step 1: Red Sox initially offered 5/120; Gonzalez countered at 6/150

Step 2: ?

Step 3: 7/161

redsock said...

Heyman's SI article: "[B]oth sides have apparently agreed to the parameters of a new deal, believed to be for eight years and worth a total of about $167 million."

i.e., 2011 ($6.3) plus the 7/161 deal.

9casey said...

I believe Crawford is going to be looking for same deal werth got........I don't see that happening with the Red Sox..

redsock said...

Crawford should get paid more than Werth, but that Nats deal is a tad nutz.

Ish said...

Nuts as it may be, it's a clear precedent and Crawford's going to be hard to get now.

How about some pitching???

SoSock said...

To me, the Edes article seems to indicate this (the extension) is a done deal, just without making it official.
Which suits me fine.
I hated to hear about the Werth deal, I was really hoping we might pull that off too, although that was certainly unlikely along with A-Gon.
Crawford would be great, but I've a feeling he is indeed going to look at the Werth deal as some kind of precedent for himself, even though that was really an unrealistic deal IMO.
But what do I know? Go for it Theo!

FenFan said...

Hard to see Crawford getting the equivalent of Worth's contract with the Sox but he would look good in a Boston uni.

FenFan said...

Pat Gillick elected to HOF by Veterans Committee. Steinbrenner received less than eight votes (12 needed for selection). Marvin Miller lost out by one vote.

ESPN.com has the details.

redsock said...

Re Miller:
Assholes! MLB's hatred of him runs pretty fuckin deep.


Streaming of Adrian Gonzalez press conference at 11 here.

redsock said...

11? shit, that's now!

redsock said...

the shirt fits!

redsock said...

"look forward to a lot of world championships"

dreams
1. play for padres
2. play for red sox (tsw being from san diego and a LHH)

redsock said...

"glad to be here in boston ... and ready to beat the yanks"

redsock said...

theo "very confident that when the time is right*, we will be able to work something out"

* wink wink



theo: he's going to wear the wall out

redsock said...

theo: "he wants to win"


WHEW! i was worried he liked to lose.

redsock said...

yay - video feed lost! christ.

Ish said...

Theo just said Gonzalez is not in it for the money. I lol'd.

redsock said...

someone asks about his childhood awareness of tsw - clearly looking for his lede!

redsock said...

Love the "how gratifiying is this" or "are you looking forward to playing in boston" questions?


"it's just a trade. whatever"

"you know, i don't really give a fuck about the city of boston"

Zenslinger said...

Nice that Allan is posting more here than on SoSH.

redsock said...

and he is polite - theo and john henry get up and leave, AG gets up and then pushes all 3 chairs in towards the table!

Ish said...

Jed Hoyer just say there would have been no deal without Casey Kelly.

redsock said...

SoSHer Otis Foster: "As a side note, not a single mention of this deal in today's hard copy NYT. That's right. Nada."

:>)

FenFan said...

Re: HoF voting

I would just like to note that one of the finalists for the 2011 Ford C. Frick award is Tim McCarver. Please no!

For next year, my choices for induction would include Jeff Bagwell, Roberto Alomar, and Bert Blyleven. Palmeiro may get in based on his impressive career numbers but only if voters look past the failed drug test.

nick said...

alright, the chair thing did it. I like this guy.