It was of course Seth who brought up FG, in the first reply. While well-intentioned, and casts the new contract in a favorable light, I think it is a serious misuse of the notion of dollars-per-WAR. And not for the reasons already brought up. I wouldn't quibble about the exact value per win - you'll find differing values depending on which FG article you look at and which years were looked at, and whether the methodology was forward-looking or backward-looking, among other things. The bigger problem is that the number pertains to free agents. The Collective Bargaining Agreement is structured a certain way. As it has evolved, the premium paid to free agents amounts to the Stupidity Tax you pay for not having developed your own, young, cheap talent, for whatever spot on the roster you have decided is below par. Every team has to pay this Stupidity Tax now and then (so I use the word Stupidity as mildly humorous); on the other hand, no team is now willing to pay also the Luxury Tax that comes on top of paying the Stupidity Tax for every player on the roster. All teams are somewhere between the extremes. Max Kepler was not a free agent. Full stop. Using the free agent Stupidity Tax, as a benchmark, is what one boss of mine used to call "interesting, but not relevant." The CBA makes it so that good players are vastly underpaid their first several years, and maybe marginally underpaid for the next several as well. Your (John's) charts demonstrate this quite well. Any contract extension that is reached during these years of a player's career is going to be shaped partly by the years remaining under team control, partly by the years of free agency being bought out, and partly by the security it gives both player and team. EVERY such contract is going to look good, compared to paying the Stupidity Tax. That doesn't mean an individual contract is good, by itself. Free agency is the wrong benchmark to use. Max Kepler wasn't a free agent. (Yes, that bears repeating.) What difference does it make? None, really, to us fans. But if our front office is congratulating themselves to the degree that Seth suggested, saying that the contract is a steal? Then it's a problem. If I were in Dave St Peter's or Jim Pohlad's position, I'd be very concerned about their acumen and would walk into their champagne party to tell them so. Anyone could load up on players with contract extensions like this, and still not have a very good, or particularly cost-effective, team for competing to make the post-season. I'm sure FalVine are not actually breaking open a bottle of the bubbly this week. Max is entitled to - he's now set for life, as he deserves to be in this economy. Like any long-term contract, Kepler's has enough uncertainty that it could turn out to be a steal for the team, or could turn out to be a bust - either outcome won't in retrospect make this any other than what it seems to be, a contract that's about market-correct. If someone with a sharper business eye than mine, or has better forecasting tools, thinks it's team-friendly, it's got to be only by a smidgen. Sprinkle IMO everywhere in the above, to taste.