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View Full Version : Jays Sign Romero to Extension



juanguzman
08-14-2010, 03:06 PM
Ken_Rosenthal

#BlueJays sign Romero to five-year, $30.1 million extension. #MLB

juanguzman
08-14-2010, 03:08 PM
Ken_Rosenthal

Romero largest guarantee ever for pitcher with less than 2 yrs of ML service. #BlueJays #MLB

wamco
08-14-2010, 03:08 PM
I_love_it

BlueJayCarter
08-14-2010, 03:10 PM
Excellent move. If Brandon M. and Brett C. perform the same next year or better than this year next year lock them up as well between 4-6 years.

StayOnBoard
08-14-2010, 03:10 PM
:clap:

Love it

wamco
08-14-2010, 03:15 PM
Ken_Rosenthal

Romero largest guarantee ever for pitcher with less than 2 yrs of ML service. #BlueJays #MLB

wasn't aware of that....Chance are though that he'll be worth sig more than that the last 2 years of his arby process.

good for Ricky

Dol-Fan
08-14-2010, 03:19 PM
Very nice...lock up that young rotation.

Twitchy
08-14-2010, 03:23 PM
That's a terrific deal if true. Especially since they bought out a FA year. If he keeps pitching like this it'll be a ridiculous steal. Great job.

blujaysrock
08-14-2010, 03:24 PM
Good to hear, signed at a great price too. He should be a big part of this teams future.

idrinkpepsi
08-14-2010, 03:26 PM
Great deal another extension out of nowhere for the Jays (Lind being the last one) Good to see him get locked up at that price, seems fairly reasonable.

Goalie31
08-14-2010, 03:26 PM
Good to see, hopefully they lock up the whole rotation and they all develop to be an outstanding rotation.

StayOnBoard
08-14-2010, 03:35 PM
Now - go get Morrow and Cecil done.

Anyone else feel Marcum will be traded this offseason? I would be all for it - get some stud pieces and let Drabek and Stewart show what they can do!

thecure
08-14-2010, 03:40 PM
Thank God!

AA is truly showing his worth. Rick is a classic #2 starter and has shown himself to be a mature individual. I really believe he is the anchor of this young staff already and will grow into the role as leader of the pack.
And his contract is fantastic.

Wow... Jays win another one!

Bjaxn45
08-14-2010, 03:51 PM
Good Signing. I like Ricky not just because he has some of the dirtiest stuff in the AL and even the league but because he's a real gamer and he's not afraid to show emotion out there.

This signing is going to seem like a bargain by next year barring injury.

Macedonian
08-14-2010, 03:54 PM
Great move!!!


TSN (http://www.tsn.ca/mlb/story/?id=330515):
It appears as though the Toronto Blue Jays have locked up a big part of their future

Globe and Mail (http://www.theglobeandmail.com/sports/baseball/blue-jays/report-jays-sign-romero-to-30m-extension/article1673202/):
The Toronto Blue Jays have reportedly signed left-handed pitcher Ricky Romero to a five-year, $30-million contract extension

FOX Sports (http://msn.foxsports.com/mlb/story/Toronto-Blue-Jays-sign-LHP-Ricky-Romero-to-contract-extension-081310):
The Blue Jays locked up one of their top starting pitchers Saturday

NBC Sports (http://nbcsports.msnbc.com/id/38706035/ns/sports-player_news/):
Blue Jays lock up SP Romero long-term

dtmagnet
08-14-2010, 04:05 PM
Good stuff, congrats to Ricky!

bomber0104
08-14-2010, 04:12 PM
I dunno.. i think its a bit early. I would have waited another year to see how he does

wamco
08-14-2010, 04:14 PM
extremely comparable to the Jon Lester extension

thecure
08-14-2010, 04:17 PM
Good stuff, congrats to Ricky!

Dude, yer Cookie Monster Sig just made me pee my pants a little.

It reminded me why being a kid was so awesome.

juanguzman
08-14-2010, 04:29 PM
jonmorosi

#Jays announce five-year, $30.1M extension for Ricky Romero. Includes club option for 2016. #TO #TOR #MLB

ryhno
08-14-2010, 04:54 PM
I now have the urge to kiss AA...

bomber0104
08-14-2010, 04:55 PM
jonmorosi

#Jays announce five-year, $30.1M extension for Ricky Romero. Includes club option for 2016. #TO #TOR #MLB

well that makes it better because now u can buy out 2 years of free agency if i'm not mistaken

marcre
08-14-2010, 05:05 PM
This is great news!

Burkey3472
08-14-2010, 05:16 PM
This is an absolute steal for the Jays. A pitcher with his potential making an average of 6 mil per year, that is a flat out steal.

boilerguy2412
08-14-2010, 05:19 PM
Not much to dislike about this deal. It's a lot of money for a guy with not even 2 full years in the bigs but i think it's a great move by AA. Ricky has some nasty stuff. Hopefully this starts the full youth movement in TO where young guys want to stay here. From an outsiders view this team really seems to get along.

wamco
08-14-2010, 06:03 PM
you guys realize he was going to be here for 4 of the 5 years (not counting the rumored extionsion) anyhow right? Unless of course he had a major injury.

idrinkpepsi
08-14-2010, 06:11 PM
you guys realize he was going to be here for 4 of the 5 years (not counting the rumored extionsion) anyhow right? Unless of course he had a major injury.

Yeah but this secures Romero's salary and avoids what could be big raises in arbitration in the next couple of years.

wamco
08-14-2010, 06:23 PM
and guarantees salary if his performance gets worse or gets injured.


there is a risk on the jays end as well. This is why these deals are easily obtainable.

Bob Loblaw
08-14-2010, 06:30 PM
Anyone think Marcum will get(deserve) a similar contract?

wamco
08-14-2010, 06:47 PM
yes to the latter

H-MYK
08-14-2010, 07:58 PM
This deserves the Mykster's approval. :clap:

wamco
08-14-2010, 08:33 PM
He was only making 400K next year, which makes this 29.7M for 4 years.

broncosfan_101
08-14-2010, 08:34 PM
If I understand correctly, RR was going to be a Super Two after this year, meaning we bought out 4 years of arbitration instead of the usual 3, as well as his first year of FA and potentially his second if we pick up that option. Fangraphs did a quick review of it (without knowing the exact details), but based on the 40/60/80% projections of the standard 3-year arbitration schedule, Romero would need to be a $10.75 mill pitcher (2.75-3 WAR) per year over the course of this contract to be worth it for the Jays. However...

a) Being a Super Two will drop this estimated yearly number (I'm not sure by how much, but instead of league minimum next year, he'd actually make closer to 40% of his market worth, so probably around $2 mill more than what Fangraphs expects. This would rise over each of the next 3 arb years). Basically this means that he would need to be worth substantially less than the estimated $10.75 mill every year, which also lowers his WAR number (probably to a max of 2.5 yearly, but I wouldn't be able to put together an exact estimate).

b) He was a 2.7 WAR pitcher last year, and has already racked up 3.4 this season with about 8 starts remaining. For him to remain as a 3 WAR player over the next 5-6 years seems very likely.

Jays Claw
08-14-2010, 08:46 PM
Awesome! :clap:

Ragun
08-15-2010, 01:53 AM
sweeettt!

thebeall
08-15-2010, 07:39 AM
Great deal.

nstojic
08-15-2010, 08:12 AM
breakdown of deal


Details of Romero’s five-year $30.1-million contract.

Signing Bonus: $1.25 million; 2011: $750,000; 2012: $5 million; 2013: $7.5 million; 2014: $7.5 million; 2015: $7.5 million; 2016: $13 million (club option or $600,000 buyout).
http://www.torontosun.com/sports/baseball/2010/08/15/15028286.html

Ron!n
08-15-2010, 09:04 AM
If I understand correctly, RR was going to be a Super Two after this year, meaning we bought out 4 years of arbitration instead of the usual 3, as well as his first year of FA and potentially his second if we pick up that option. Fangraphs did a quick review of it (without knowing the exact details), but based on the 40/60/80% projections of the standard 3-year arbitration schedule, Romero would need to be a $10.75 mill pitcher (2.75-3 WAR) per year over the course of this contract to be worth it for the Jays. However...

a) Being a Super Two will drop this estimated yearly number (I'm not sure by how much, but instead of league minimum next year, he'd actually make closer to 40% of his market worth, so probably around $2 mill more than what Fangraphs expects. This would rise over each of the next 3 arb years). Basically this means that he would need to be worth substantially less than the estimated $10.75 mill every year, which also lowers his WAR number (probably to a max of 2.5 yearly, but I wouldn't be able to put together an exact estimate).

b) He was a 2.7 WAR pitcher last year, and has already racked up 3.4 this season with about 8 starts remaining. For him to remain as a 3 WAR player over the next 5-6 years seems very likely.
He wasnt going to be a Super Two this year but he might have next offseason.

wamco
08-15-2010, 09:56 AM
The option year at 13M was higher than I had hoped.

BlueJayCarter
08-15-2010, 12:49 PM
The option year is high at 13 mill, but if he has pitched well over his contract it would be worth the money, and if he has had an injury plagued contract or has been terrible it is only a 600,000 buyout.

Still an excellent deal by A.A.

scotttube
08-15-2010, 04:10 PM
Romero certainly didn't get cheated in this deal. Nice to know he'll be around for a while. Unfortunately Jays players have a history of dying after signing a big extension (Lind, Hill, Rios, Wells, Hinske).

Eagles4Lyfe
08-15-2010, 04:20 PM
we might not have to pay him that full 13 because near the end of his contract hell be at what around 30 years old and still kind of in his prime, so we can always extend his contract further or if were still not ready to compete by then and are in the same situation as this year then we can always trade him like the doc scenario..Theres still tons of possibilities we can do but if he becomes our ace those figures hes getting are ridiculously amazing for us..Hes making less than a burnett but yet hes kinda better than burnett

broncosfan_101
08-15-2010, 04:57 PM
we might not have to pay him that full 13 because near the end of his contract hell be at what around 30 years old and still kind of in his prime, so we can always extend his contract further or if were still not ready to compete by then and are in the same situation as this year then we can always trade him like the doc scenario..Theres still tons of possibilities we can do but if he becomes our ace those figures hes getting are ridiculously amazing for us..Hes making less than a burnett but yet hes kinda better than burnett

Again, you have to look at it in context. He was going into 3 years of arbitration, where he'd make approximately 60% of his market worth. Assuming he's not a Super Two, we'll look at it this way; in the last 4 years where he'll make $29.7 mill, that amount of cash should be about 70% of what he'll be worth (2.8 years of worth in 4 total years). Considering this, he needs to be worth approximately $42.5 mill in market value, or put up a combined 12 WAR. Based on all of this, we're paying him as a top 40 pitcher in baseball or so. Unless he gets better, it's not the massive bargain you're making it out to be. It's a bargain, but it's not a Longoria-type deal.

Eagles4Lyfe
08-15-2010, 09:01 PM
Again, you have to look at it in context. He was going into 3 years of arbitration, where he'd make approximately 60% of his market worth. Assuming he's not a Super Two, we'll look at it this way; in the last 4 years where he'll make $29.7 mill, that amount of cash should be about 70% of what he'll be worth (2.8 years of worth in 4 total years). Considering this, he needs to be worth approximately $42.5 mill in market value, or put up a combined 12 WAR. Based on all of this, we're paying him as a top 40 pitcher in baseball or so. Unless he gets better, it's not the massive bargain you're making it out to be. It's a bargain, but it's not a Longoria-type deal.

Well he hasnt hit his full potential yet, so we dont even know how he will be like when he does..Im just going by assumption and assuming he becomes our ace or even a number 2 and gets 15-20 wins a year with a era from 2-3.5 then definitely hell be a top 50 pitcher in the league..
Even if its not a massive bargain a bargain nevertheless is still better than overpaying and being stuck with huge contracts

masTOR_shake1
08-15-2010, 09:28 PM
good move! i don't like morrow long term though. I don't think he has the consistancy to be a #3/4 on a world series championship team.

FlakeyFool
08-15-2010, 09:49 PM
You don't like morrow long term? :l he's more promising than romero and you like the romero deal

BigEasy1323
08-15-2010, 10:09 PM
Good deal. AA now needs to lock up the rest of the young arms. The future is looking bright in Toronto

bomber0104
08-15-2010, 11:30 PM
good move! i don't like morrow long term though. I don't think he has the consistancy to be a #3/4 on a world series championship team.

i think its quite the opposite.. it might be best for the Jays to lock up Morrow before he figures it out and increase his demands..

Everyone agrees that if Morrow continues to develop, he'd be the ace of the staff

Eagles4Lyfe
08-15-2010, 11:37 PM
you joking morrows come close to what 2 or 3 no hitters alone this year and 2 against the top WC team in the AL, thats telling you a lot

Shifty1 69
08-16-2010, 09:31 AM
good move! i don't like morrow long term though. I don't think he has the consistancy to be a #3/4 on a world series championship team.

You are insane. :speechless:
Whether he will ever become the ace he "could" become, he certainly can be good enough for a 3/4 on a contender.lol

That is all.:D

R. Johnson#3
08-16-2010, 02:54 PM
Absolutely love this signing. Been a Ricky Ro fan since the day we drafted him. Even when all you nay sayers were bashing him when he struggled in the minors. This is gonna be a huge steal.

Gibby
08-17-2010, 02:29 PM
The only thing that worried me is that we locked him early and could have waited longer. but then if romero continues to pitch likes this, it would have cost jays more to lock him up furhter down the road.

Jays are taking a risk in this situation so they are getting a cheaper average price. I think we will see more deal like this from AA, locking up youngs player early and buying out arb years. we seen him do this with Hill,Lind,Romero

JimBob
08-20-2010, 02:05 PM
JP signed Hill longterm, not AA.

However, I see your point.