Blog Entry

Red Sox finally extend Adrian Gonzalez

Posted on: April 15, 2011 10:09 am
Edited on: April 15, 2011 5:32 pm
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Gonzalez

By Evan Brunell

The Red Sox will finally sign first baseman Adrian Gonzalez to a contract extension Friday.

The deal will stretch seven years and a total value of $154 million, marking the richest contract Sox ownership has handed out since taking over the team in 2002. By waiting until now to consummate an extension, Boston will save millions in luxury tax payments as his contract will not apply to this season's payroll. That allows the three-time All-Star's current $6.5 million salary for the season to stand instead of having his average annual payment of $22 million impact 2011.

"Very grateful for this opportunity,'' Gonzalez said according to the Boston Globe. "Like I said back in December, I'm really excited about being able to play here for the next seven years, hopefully longer, and I just want to thank John Henry and the whole front office for this extension."

That annual value will become the eighth-highest value in the game and just $500,000 behind Mark Teixeira for the third-most expensive first baseman in the game. The overall $154 million value will land A-Gon's deal into the top 10 of most lucrative contracts ever paid, ranking ninth while barely edging Miguel Cabrera. Red Sox teammate Carl Crawford now falls to 11th in total value rankings. 

Gonzalez will receive a $6 million signing bonus, then average salaries of $21 million from 2012-16 and then an additional $500,000 a year in his final two years.

"This is the culmination of a process that started several months ago and we're pleased to get it done,'' said Sox GM Theo Epstein. "Hope this will go down, and I believe this will go down, as a great day for the organization. Adrian's going to make a major impact here for a long time."

The deal was one of the worst-kept secrets in the game even as Boston and Gonzo's agent, John Boggs, scrambled to come up with pithy excuses as to why the extension had yet to be signed when everyone knew exactly why. 

In any event, now that the contract is inked, the lefty will become the highest paid first-baseman Boston has ever had, and only Manny Ramirez's eight-year, $160 million deal dwarfs the Gonzalez contract for most expensive in Red Sox history. The deal also includes a no-trade clause, as Gonzalez can block deals to two clubs, but additionally, any trade cannot flip him to the Yankees.

The problem is, unfortunately, GM Theo Epstein hasn't had much luck in lucrative free-agent signings. Over the last several seasons, if you throw out players who signed extensions while arbitration eligible -- such as Clay Buchholz, Jon Lester, Dustin Pedroia and Kevin Youkilis -- his track record is spotty. Witness signings of Josh Beckett (OK, so maybe it's a tad early to pass judgment on this one -- and yes, Beckett technically signed an extension but he was in the final year of his guaranteed contract and was going to become a free agent, so he counts as someone who signed market value), Daisuke Matsuzaka, John Lackey, Mike Lowell (technically became a free agent before returning to Boston), Julio Lugo and Edgar Renteria. Even the lone signing of J.D. Drew that's worked out so far has plenty of detractors given the irrational desire of fans to see Drew be more like Paul O'Neill, and the mega-deal handed to Crawford has gotten off to a bad start although no one expects that to continue.

It's difficult to imagine the 28-year-old (29 in early May) not living up to his deal. While he only has one home run to his name so far in 2011, he's already shown enough that fans are excited about Gonzo's potential. And if you look at his numbers over the last several seasons , it's notable how much playing in Petco Park harmed him. Over his last two seasons in Petco, he hit .262/.398/.442 with 23 home runs in 670 plate appearances. His road numbers tell a completely different story, having bashed 48 home runs in 704 PA, hitting .310/.401/.609. Those are massive numbers, and ones certainly worth $22 million annually.

“We had a pretty good idea what we were getting," manager Terry Francona added. "But it’s nice to see it. ... It’s kind of reassuring. You go through a tough week, he’s been so positive. Like I said, he gets it. He understands why we’re here. He gets it, that’s the best way to see it. He understands what’s going on. I think he flat-out gets it."

Gonzalez is currently hitting .268/.362/.439 in 47 PA for the Red Sox. The extension is expected to be formally announced Friday afternoon prior to a game against the Blue Jays.

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Category: MLB
Comments

Since: Nov 3, 2007
Posted on: April 15, 2011 9:51 pm
 

Nice math author!

Gonzalez will receive a $6 million signing bonus, then average salaries of $21 million from 2012-16 and then an additional $500,000 a year in his final two years.


Okay Evan Brunell, great job reporting this 7 yr $154k signing. Please go into your computers accessories and open the calculator app. Here's your math:
6million + 105million + 1million = 112million 
Please report the news correctly. Thanks



Since: Dec 7, 2009
Posted on: April 15, 2011 9:45 pm
 

Red Sox finally extend Adrian Gonzalez

Do you suppose winning a game or two is part of that contract?

I can't believe what's happened to Boston this season.  Add a ton of talent to an already-well-loaded team, and everything falls apart!



Since: Nov 12, 2010
Posted on: April 15, 2011 9:41 pm
 

Red Sox finally extend Adrian Gonzalez

I am  season ticket holder w/ the Padres and have enjoyed AG over the years. But for that kind of coin AG  needs to run out ground balls instead of crawling down the line.  Must be his Hispanic blood.



Since: Apr 15, 2011
Posted on: April 15, 2011 9:37 pm
 

Red Sox finally extend Adrian Gonzalez

2-9 team spending an awful lot of money the last couple of weeks on top of money they already spent trying to BUY a championship.

If the Knicks split this weekend on top of the Sox start and the Bruins losing an awful lot of parents in the Boston area are going to have major repairs to make to their basements.


 - Remember, you can't spell Pedroia without P.E.D.




Are you insinuating that kids from New England are the only ones living in their parents' basement during their late 20s and 30s, Wayne--err--Garth?

I honestly do not remember this many people poo-pooing the 2001 Diamondbacks or the 2005 Houston Astros (whose 15-30 "start" is just a footnote in the annals of baseball history now) for breaking the bank in building their contenders.

P.S. The entire world is going to owe the Chicago Bulls a letter of apology (except maybe Michael Jordan) after they take the Eastern Conference crown in May.

 




Since: Apr 15, 2011
Posted on: April 15, 2011 9:09 pm
 

Red Sox finally extend Adrian Gonzalez

Are you insinuating that kids from New England are the only ones living in their parents' basement during their late 20s and early 30s, Wayne--err--Garth?

I honestly do not remember this many people poo-pooing the 2001 Diamondbacks or the 2005 Houston Astros (whose 15-30 start is just a footnote in the annals of baseball history) for breaking the bank in building their contenders.

P.S. The entire world is going to owe the Chicago Bulls a letter of apology (except maybe Michael Jordan) after they take the Eastern Conference crown in May.



Since: Dec 1, 2007
Posted on: April 15, 2011 8:06 pm
 

Red Sox finally extend Adrian Gonzalez

Is it just me, or do the teams that do not spend a stupid amount of money win the World Series as much as the ones that do?  San Fran anyone?



Since: Jun 16, 2009
Posted on: April 15, 2011 7:41 pm
 

Red Sox finally extend Adrian Gonzalez

Doesn't matter.  Red sox blow chunks.



Since: Dec 7, 2008
Posted on: April 15, 2011 6:18 pm
 

Red Sox finally extend Adrian Gonzalez

What I'd like to know is where is the MLBPA and why are they not challenging this self righteous ego-maniacal windbag Theo Epstein...First,he adds a clause allowing him to demote an out of options Andrew Miller and penalize any team that try's to claim him to the tune of 3 million dollars(most likely a team he'd have a much better chance of drawing a major league salary from)and then he enters a clause preventing any future team from trading gonzalez to the yankees,thus prohibiting that team from possibly bettering themselves by dealing with the yankees....first off...it screams pathetic...second off when will the MLBPA realize that each of these little precedents will eventually add up...Like the 18 million luxury tax they just skirted that could have gone to small market teams to sign 3 or 4 more free agents.....What happened to Donald Fehr...when did he become such a nancy???



Since: Jan 15, 2008
Posted on: April 15, 2011 6:14 pm
 

Red Sox finally extend Adrian Gonzalez

I just want to thank John Henry and the whole front office for this extension."


effen ay




Since: Apr 4, 2011
Posted on: April 15, 2011 5:25 pm
 

Red Sox finally extend Adrian Gonzalez

Pretty small sample size to judge him by.....11 games.  Plus coming over to a new league after having off season shoulder surgery.  Check back in September...I'm betting his numbers will be darn impressive!


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