April 18, 2008
Longoria's Contract
The Rays sign Longoria to a six year contract with a one year option, then a two year option.
The salaries for the first six years of the agreement are guaranteed with the team holding a one-year option for 2014 season and a subsequent two-year option for the 2015 and 2016 seasons. The contract guarantees $17.5 million. If the Rays exercise both options, Longoria would earn more than $44 million over the life of the nine-year agreement.
Longoria is set for life, and the Rays won't lose him until after his peak. On top of that, there's no need to worry about arbitration. A great deal for Tampa Bay.
He is going to earn that money because it certainly can't be easy in a clubhouse with that name.
Isn't this a bad deal for him? What if he's really good?
This is an amazing deal for the Rays, perhaps they are finally turning a corner
Who the hell is advising this kid?
New owner...announcement of a new stadium...new uniforms...new fiesty attitude (just ask the Yankees)...new team name, kinda.....These guys may not be the AAA Rays we're all used to kicking around anymore. Good for them.
Eh, it's way less than if he's really good and hits free agency. But it's way, way, way better than if he, say, gets into a car accident and never fully recovers physically. The risk amortization for Longoria here is pretty valuable.
I think it's bad for both of them - impossible for either side to know what he's worth and it's really bad for the other young guys.
