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What Does a Carlos Correa Extension Look Like for the Twins?


Ted Schwerzler
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11 hours ago, Original_JB said:

Offer him $10M to buy out this year's opt out.

This. And to add to it:

Most of the comments suggest the FO won’t and/or should not go to 7-10 years at $35M-ish per year. So why not offer raising his near term salary by buying out both his options for $20-30M?  This gives CC an average salary of 45-50 over the next 2 years and then he is a 30 YO free agent and can go for the 7-10 year contract.  

If he opts out now and signs a 10 year contract at $35/ he makes $385M over 11 years.  If he signs for $50M for next two years and then signs a 7 year contract with another team (@ age 30) for $35M he makes $380M over 10 years…several variations are of course possible on this…thoughts?

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7 minutes ago, Tiantwindup said:

This. And to add to it:

Most of the comments suggest the FO won’t and/or should not go to 7-10 years at $35M-ish per year. So why not offer raising his near term salary by buying out both his options for $20-30M?  This gives CC an average salary of 45-50 over the next 2 years and then he is a 30 YO free agent and can go for the 7-10 year contract.  

If he opts out now and signs a 10 year contract at $35/ he makes $385M over 11 years.  If he signs for $50M for next two years and then signs a 7 year contract with another team (@ age 30) for $35M he makes $380M over 10 years…several variations are of course possible on this…thoughts?

$50M or thereabouts would be enough to land Willson Contreras and Joe Musgrove or Jamison Taillon which would project to produce about 2X the WAR of Correa.  Plus, he couldn't convince anyone to give anyone to give him a 10 year contract at age 27 so the idea he would get one at 30 is really farfetched.

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8 minutes ago, Major League Ready said:

$50M or thereabouts would be enough to land Willson Contreras and Joe Musgrove or Jamison Taillon which would project to produce about 2X the WAR of Correa.  Plus, he couldn't convince anyone to give anyone to give him a 10 year contract at age 27 so the idea he would get one at 30 is really farfetched.

1. Who plays short?

2. We already have Correa; The pitchers you mention will be available to anyone. And why would they take one year deals? You're talking committing to probably 5 years each, with escalating yearly salaries. You see the Twins doing that? My idea commits (god I hate to say 'only' but) only a one-time $10M payout to get you to next year which buys time to see how Lewis heals and if Gordon improves.

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17 hours ago, Major League Ready said:

40% of revenue is associated with people attending games.  The associated revenue is more likely to decrease than increase.  TV contracts are 20+ years so the existing contracts are not going up.  Inflation is not going to result in higher player contracts.  Any increases in revenue would likely be new revenue streams.

BTW ... Raising prices because people are not buying your product kind of flies in that old theory about supply and demand.

It leads to "we need more luxury suites".

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I like Correa.  A Lot.  Great leader, good clubhouse guy, in the field and at the plate.  He is a solid player---as long as he is on the field.  

I will just say that long term contracts are not in the best interest of the club---any club.  I know what the trends are, but 7+ year deals just do not work out for the team----that being the Twins and Fans, not the FO.  If the FO can work out a great $ amt per year for 5 years---not a problem, overpay.  5 years is long enough for a player to have security and short enough that he can never stop working for his next paycheck/contract and his legacy.  Overpay short term instead of stretching the $'s long term. 

Donaldson contract was a bad deal and took a lot of effort to squeeze out of because there are only a few teams who can pay for big $ contracts on trade.  There were even times during the Mauer concussion issues that there was a lot of reservation about his deal (although I don't think Joe ever sandbagged a day!).  A good contract should be beneficial for both sides---7-10 year deals are much more player slanted---and its not just the back end years, but early years when there's not a lot of urgency for the player to come back from injury quickly.  There should be pressure on both sides 

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2 hours ago, GeorgiaBaller said:

I like Correa.  A Lot.  Great leader, good clubhouse guy, in the field and at the plate.  He is a solid player---as long as he is on the field.  

I will just say that long term contracts are not in the best interest of the club---any club.  I know what the trends are, but 7+ year deals just do not work out for the team----that being the Twins and Fans, not the FO.  If the FO can work out a great $ amt per year for 5 years---not a problem, overpay.  5 years is long enough for a player to have security and short enough that he can never stop working for his next paycheck/contract and his legacy.  Overpay short term instead of stretching the $'s long term. 

Donaldson contract was a bad deal and took a lot of effort to squeeze out of because there are only a few teams who can pay for big $ contracts on trade.  There were even times during the Mauer concussion issues that there was a lot of reservation about his deal (although I don't think Joe ever sandbagged a day!).  A good contract should be beneficial for both sides---7-10 year deals are much more player slanted---and its not just the back end years, but early years when there's not a lot of urgency for the player to come back from injury quickly.  There should be pressure on both sides 

I like him a lot too, and I am willing to pay him.  Unfortunately for him, and me, I don't have the money to pay him :( , so I have to ask Big Jim to pay him and I don't like my chances (sigh). 

 

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If they can extend him, great.  It'd be nice to have him another 5-7 years.  I would caution the FO to map these years/costs against our young talent (Kirilloff, Miranda, Lewis, etc.) as they work through their ARB years to FA.  I.e. we should not sign CC to a contract that forces us to lose our young talent down the road.

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