Mets and $333 Million Dollar payroll

[jayshum]

Amazing that the Correa contract has still not been finalized. Hard to see how someone gives him as long a deal at this point.

[mrreality68]

Originally Posted by jayshum

Amazing that the Correa contract has still not been finalized. Hard to see how someone gives him as long a deal at this point.

And my guess is that is why Boras is not "entertaining" any other offers from the 3 other teams(probably shorter and less money) and sticking with the METS to try and work it our

[Jim65]

It looks like its in MLB's hands now, the Mets and Correa agreed to clauses in the contract that have to be approved by MLB.

[jayshum]

Originally Posted by Jim65

It looks like its in MLB's hands now, the Mets and Correa agreed to clauses in the contract that have to be approved by MLB.

I hadn't heard that. What is in the contract that has to be approved?

[Jim65]

Originally Posted by jayshum

I hadn't heard that. What is in the contract that has to be approved?

I don't think the specifics were released but I saw a tweet that said team opt out if he spent a certain amount time on DL with an injury to the ankle. Magglio Ordonez had a similar clause in his contract with the Tigers so hopefully it shouldn't be a problem.

[BobbyStrawberry]

Originally Posted by Jim65

I don't think the specifics were released but I saw a tweet that said team opt out if he spent a certain amount time on DL with an injury to the ankle. Magglio Ordonez had a similar clause in his contract with the Tigers so hopefully it shouldn't be a problem.

I'm baffled that Boras would agree to that....I wonder if the Twins offer was still on the table.

[Jim65]

Originally Posted by BobbyStrawberry

I'm baffled that Boras would agree to that....I wonder if the Twins offer was still on the table.

Boras was Magglio's agent too so he has done it before.

[mrreality68]

Amazing how long this is all taking but also how quiet things are.
Usually we are more than this in negotiations

[BobbyStrawberry]

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[BobbyStrawberry]

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[BobbyStrawberry]

Originally Posted by mrreality68

Amazing how long this is all taking but also how quiet things are.
Usually we are more than this in negotiations

Yea very strange...as a Mets fan, the longer this goes on, the less enthused I become about Correa on the team

[1952boyntoncollector]

Originally Posted by BobbyStrawberry

Yea very strange...as a Mets fan, the longer this goes on, the less enthused I become about Correa on the team

brilliant move actually from Mets/Giants, will be insurances in place for savings on the salary if injury etc...and less risk on the contract overall...

[D. Bergin]

Originally Posted by 1952boyntoncollector

brilliant move actually from Mets/Giants, will be insurances in place for savings on the salary if injury etc...and less risk on the contract overall...

Again, I'm not an insurance adjuster, but who in their right mind would insure this? It's not going into a pool. It would be an individual Lloyd's of London type policy I assume. I doubt they get a policy for less then half the total of the contract.

I would also think there's a lot less of a chance of getting a contract insured, with an injury history in place.

Insurance companies aren't in the business of losing money.

Just raises the cost of the contract for the team.

I don't think it's the "brilliant" outcome they hoped for when they tried to sign him. They're just trying to save face at this point, and hope it doesn't blow up in their face later on.

[packs]

Originally Posted by 1952boyntoncollector

brilliant move actually from Mets/Giants, will be insurances in place for savings on the salary if injury etc...and less risk on the contract overall...

This is not a brilliant way to do business. It leaves your fans in the wind and makes it look like you’re not in control. You can bring up insurance but it’s not brilliant to sign a player you’re sure will get hurt.

[mrreality68]

Let's get it done

But i can understand taking their time both parties want to protect their interests and neither one wants to enter into a long term contract feeling bad about the contract otherwise the relationship starts off sour and that is never good especially when the partnership will be for many years

[Jim65]

Yesterday, Correa tweeted a photo of his son wearing a " I Love NY" shirt. Caused a lot of speculation.

[Snapolit1]

Word on the street is that the Mets will get it done soon and the contract will be significantly resructured.

Starting to think this Cohen guy might be smarter with money than he looks.

[mrreality68]

Originally Posted by Snapolit1

Word on the street is that the Mets will get it done soon and the contract will be significantly resructured.

Starting to think this Cohen guy might be smarter with money than he looks.

I hope you are right on both accounts
I also hope that is is something that Correa also can agree on vs Settle for so a long term relationship does not start off on the wrong foot with a disgruntled player

[Jim65]

Originally Posted by mrreality68

I hope you are right on both accounts
I also hope that is is something that Correa also can agree on vs Settle for so a long term relationship does not start off on the wrong foot with a disgruntled player

If he signs the contract, I'm not sure why he would be disgruntled. He could always go somewhere else if he thinks he can do better.

[rjackson44]

Originally Posted by packs

Why would you want to give a decade long contract to a guy who can only make it work with an insurance policy attached to him? Wouldn't you avoid the headache entirely?

I'm also curious about this "brilliant" perspective on the Mets handling of this signing. For something to be brilliant it has to be planned. I doubt seriously that Cohen planned for this when he told everybody it was a done deal.

the mets

[BobbyStrawberry]

Originally Posted by rjackson44

the mets

Yankee fan?

[packs]

That's what I was talking about before. It's somehow different if it were the Yankees and not the Mets making these decisions. If the Yankees hemmed and hawed like this during the Cole signing there would have been intense criticisms from Yankees fans but especially the media and fans of other teams.

Meanwhile, here are the Mets.

[BobbyStrawberry]

Originally Posted by packs

That's what I was talking about before. It's somehow different if it were the Yankees and not the Mets making these decisions. If the Yankees hemmed and hawed like this during the Cole signing there would have been intense criticisms from Yankees fans but especially the media and fans of other teams.

Meanwhile, here are the Mets.

We (Mets fans) are so ecstatic to finaly have an owner willing to spend that we can abide the circus

[Jim65]

Originally Posted by BobbyStrawberry

We (Mets fans) are so ecstatic to finaly have an owner willing to spend that we can abide the circus

+1

[mrreality68]

Originally Posted by Jim65

+1

+1 Agree

But now WARNING WARNING DANGER DANGER

Word is Boras is starting to talk to other teams and 1 mystery team is in strong play allegedly

[Jim65]

Originally Posted by mrreality68

+1 Agree

But now WARNING WARNING DANGER DANGER

Word is Boras is starting to talk to other teams and 1 mystery team is in strong play allegedly

I'd be willing to bet the farm that that info was leaked by Boras.

[1952boyntoncollector]

Originally Posted by Jim65

I'd be willing to bet the farm that that info was leaked by Boras.

Zero leverage now by Boras...two teams passed on him...good luck signing him to a huge contract which rarely work long term and explain to the fans if doesnt work out..you out of a job..will be easy target when say 'well two teams backed out for a reason why did you sign him'

unless its for a big discount..

[packs]

Haha reports are that Correa is returning to the Twins. Please someone explain the brilliance of the Mets discussed earlier.

[mrreality68]

Breaking news he is signing a 6 year $200million deal pending a physical with the Twins

Mets lose but so does Correa He loves the spotlight and wanted to play with his friend. But Money Talks

On the flip side I would not mind seeing Baty brought up from the minors and playing 3rd base for the Mets

[BobbyStrawberry]

Originally Posted by mrreality68

Breaking news he is signing a 6 year $200million deal pending a physical with the Twins

Mets lose but so does Correa He loves the spotlight and wanted to play with his friend. But Money Talks

On the flip side I would not mind seeing Baty brought up from the minors and playing 3rd base for the Mets

Yep, Baty is the future there and hopefully he wins the job in ST. I also want to see Alvarez as the starting C before too long.

[Jim65]

Originally Posted by mrreality68

Breaking news he is signing a 6 year $200million deal pending a physical with the Twins

Pending physical? Oh boy, here we go again. How long before the A's swoop in and sign him for league minimum? lol

[mrreality68]

Originally Posted by Jim65

Pending physical? Oh boy, here we go again. How long before the A's swoop in and sign him for league minimum? lol

Actually funny that they need to do a physical. They had him last year on their team so I am sure he had a physical prior to him signing last time with them and also must have seen their doctor during the season at some point

[Jim65]

Originally Posted by mrreality68

Actually funny that they need to do a physical. They had him last year on their team so I am sure he had a physical prior to him signing last time with them and also must have seen their doctor during the season at some point

He signed a 3 year contract last time, the Giants and Mets doctors think this will be a future problem, the Twins doctors might feel differently when it's 6 years. We'll see.

[1952boyntoncollector]

Originally Posted by packs

Haha reports are that Correa is returning to the Twins. Please someone explain the brilliance of the Mets discussed earlier.

It got them out of paying a contract that everyone agrees would be terrible based on all prior large contracts in the past....it remains brilliant and provides them cover for not signing.

[packs]

Originally Posted by 1952boyntoncollector

It got them out of paying a contract that everyone agrees would be terrible based on all prior large contracts in the past....it remains brilliant and provides them cover for not signing.

Wouldn't it have been better to not tell everyone you were signing a player you didn't have under contract?

How did this work out in favor of the Mets? If you're going to boil things down to they didn't sign a player with an injury concern, all of that was avoided by 28 other teams without doing anything or making a single announcement.

[1952boyntoncollector]

Originally Posted by packs

Wouldn't it have been better to not tell everyone you were signing a player you didn't have under contract?

How did this work out in favor of the Mets? If you're going to boil things down to they didn't sign a player with an injury concern, all of that was avoided by 28 other teams without doing anything or making a single announcement.

well they got a shot at him more than the other 28 teams, you dont get to do the in depth physical without their real interest........good luck giving in depth physicals to anyone without making an offer and just asking to just check him out.......

[packs]

Didn't he already fail one physical and have an offer rescinded before the Mets announced they had a deal?

[BobbyStrawberry]

Originally Posted by packs

Didn't he already fail one physical and have an offer rescinded before the Mets announced they had a deal?

Yep. And the Twins subsequently rescinded their original offer of $285 and (I think ) 10 yrs

[1952boyntoncollector]

Originally Posted by packs

Didn't he already fail one physical and have an offer rescinded before the Mets announced they had a deal?

right and the Giants announced they had a deal as well, good luck for mets saying they will just rely on Giants in depth physical, they got a free crack at their own physical

i think 'announced had a deal' to make an analogy is like buying a house before the inspection period and the house is contingent...house had not sold yet, and really not a real deal yet for the player.really its announcing a 'potential deal'

[mrreality68]

Either Way if he will be with Minnesota now. The deal is structured in a way that the team risk is less because shorter term(the issue with the ankle is that it is degenerative in nature (arthritic over time) and no way to reverse it once it really progresses. They claim the early years not an issue vs the later years and that is why the Mets and Giants were afraid of the long term deals with out some protections

[nolemmings]

It looks like Correa passed the MN physical, which is no surprise. What I do find surprising is that the Mets or Giants couldn't or wouldn't beat the Twins offer, which is not all that outlandish given what they had previously put on the table. Everyone knows the backend of these contracts are not economical for the team, so it seems that the Mets and Correa could have come to terms for a shorter contract that was more front-loaded ala what ultimately came to pass with Minnesota, IMO.

[mrreality68]

Originally Posted by nolemmings

It looks like Correa passed the MN physical, which is no surprise. What I do find surprising is that the Mets or Giants couldn't or wouldn't beat the Twins offer, which is not all that outlandish given what they had previously put on the table. Everyone knows the backend of these contracts are not economical for the team, so it seems that the Mets and Correa could have come to terms for a shorter contract that was more front-loaded ala what ultimately came to pass with Minnesota, IMO.

I wish they signed him but it looks like Cohen was not willing to go as high as Minnesota. WE know he is not cheap but obviously he is strategic on his money also. Which I respect. So if Correa Got more Good For him

For the Mets and Giants they will move on and we will see what they do. For Me I hope they bring up Baty from the minors and let him compete for the 3rd base job

[nolemmings]

Originally Posted by mrreality68

I wish they signed him but it looks like Cohen was not willing to go as high as Minnesota. WE know he is not cheap but obviously he is strategic on his money also. Which I respect. So if Correa Got more Good For him

For the Mets and Giants they will move on and we will see what they do. For Me I hope they bring up Baty from the minors and let him compete for the 3rd base job

That's just it, he didn't really get a better deal with Minnesota. The Twins are on the hook--worst case and only if Correa "vests" (whatever that means here) for $270M over 10 years; i.e. 27M per season. The Mets offered him a little more than $26M/season over 12 years with no way out and the Giants offered 26.9M for 13 years with again no way out. I guess the Mets save $7M a year for the first 6 years, but it is understood that contracts of that length are always valued more at the front end, with the team eating a bunch of money at the back.

There may be some other factors such as luxury tax, but otherwise it doesn't seem like much of a stretch to me that the Mets or Giants could have restructured to their advantage and still beat the MN offer, unless I'm missing something.

[1952boyntoncollector]

Originally Posted by nolemmings

It looks like Correa passed the MN physical, which is no surprise. What I do find surprising is that the Mets or Giants couldn't or wouldn't beat the Twins offer, which is not all that outlandish given what they had previously put on the table. Everyone knows the backend of these contracts are not economical for the team, so it seems that the Mets and Correa could have come to terms for a shorter contract that was more front-loaded ala what ultimately came to pass with Minnesota, IMO.

I think its sour grapes at that point that correa wouldnt want to give mets or SF a much better deal as they brilliantly already put him in a place to take less now with Minn, didnt want to return them, who knows..

but i know i have made an offer on a house, and the seller said it was too low and raised his price...6 months later sold for less than i offered, why didnt the owner contact me since i offered more.....sour grapes..

[packs]

Why would the Mets or the Giants want to work with Minnesota to save them money on a player all three teams want?

[BobbyStrawberry]

I could be wrong, but I suspect that this was all about the insurability of the contract as it went into those 7th, 8th+ years

[mrreality68]

Originally Posted by BobbyStrawberry

I could be wrong, but I suspect that this was all about the insurability of the contract as it went into those 7th, 8th+ years

Very well could be

Regardless hopefully the story is finally over and we can all move on

[1952boyntoncollector]

Originally Posted by packs

Why would the Mets or the Giants want to work with Minnesota to save them money on a player all three teams want?

Define 'want' thats a relative term. Marlins wanted him as well. All about price and terms. Mets and Giants did not want him in the way and terms that Twins wanted him.

Like a mansion thats 'worth' 30 million but on sale for 10 million. its a great deal but I still cant buy it even if want it. Wanting is not enough, depends on price and terms.

[packs]

Originally Posted by 1952boyntoncollector

Define 'want' thats a relative term. Marlins wanted him as well. All about price and terms. Mets and Giants did not want him in the way and terms that Twins wanted him.

Like a mansion thats 'worth' 30 million but on sale for 10 million. its a great deal but I still cant buy it even if want it. Wanting is not enough, depends on price and terms.

I define "want" in this instance as an announcement they had a deal with the player.

[1952boyntoncollector]

Originally Posted by packs

I define "want" in this instance as an announcement they had a deal with the player.

Announcement is not a deal, you 'buy' a house its in escrow.. you do inspection, and then you dont want the house. I believe they usually say deal "pending physical' By not going through with the deal, it would appear they did not 'want' the player at a certain price..