This is a great story.
The Detroit Tigers signed Jose Valverde to a two-year, $14 million deal for no particular reason.
This is a team that may not be doing well financially. Before this acquisition, their payroll for next season was already $100 million. They sunk a bunch of money into the future for a title and they have lost a lot of revenue by not reaching the playoffs.
In what some think was a response to this, they shipped off their best young player, fan favorite Curtis Granderson, to the Yankees as a salary dump. Curtis Granderson isn’t even making that much:
2010:$5.5M, 2011:$8.25M, 2012:$10M, 2013:$13M club option ($2M buyout)
But we all kinda nodded and said “OK, he’s pretty much the only guy on the team with a heavier contract that was tradeable.” Seriously, take a look at this.
Miguel Cabrera: $120 mil through 2015
Magglio Ordonez: 2010: $18 mil + 2011 and 2012 options
Carlos Guillen: 2010: $13 mil 2011: $13 mil
Jeremy Bonderman: 2010: $12.5 mil
Dontrelle Willis: 2010: $12 mil
Nate Robertson: 2010: $10 mil
Brandon Inge: 2010: $6.6 mil
And then they immediately about-face and sign Valverde with Granderson’s money. Even if dumping Granderson wasn’t a payroll move, starting pitchers are going for this kind of money–Joel Piniero may go somewhere for roughly the same price.
Even better: Valverde is a Type A. The Tigers lose a first round draft pick and a supplemental pick out of this. For a reliever.
And the cherry on top, courtesy of Rotowire:
There is also an option for a third year at $9 million.
Valverde is an OK reliever. Not much better than that. He’s had a decent season here and there, but he’s got SAVES and so he’s overvalued. Now he’ll likely slide into the closer role and be Todd Jones v2.0 for the Tigers, but with a worse defense behind him.
I literally cannot wait to see this.
Edit: ahahaha the Tigers’ first draft pick in the 2010 draft was no. 19. Picks 16-30 are unprotected by type A free agent signings, so that goes immediately to the Astros.
I literally cannot imagine a worse way to lose your first round draft pick.