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Crochet signs 6 year $170M extension


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  On 4/1/2025 at 2:40 AM, chitownsportsfan said:

Ah, poor babies.

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I'm confused by that tweet. Wouldn't it be worse if they traded those players AND only had crochet for 2 years?

@wegner, i actually don't think Crochet has much in additional risk comparatively to most other arms. The velocity is the risk, but his motion has him moving downhill so aggressively, one could probably argue that limits the stress on the arm a bit. Everyone is risky. In his mid 20s, wheeler was considered a big injury risk and in his late 20s and 30s he's been the most durable arm in the game. Injuries are so unpredictable.

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  On 4/1/2025 at 2:48 AM, wegner said:

That's a pretty big If imo.

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Yeah, I will be the first to saying it.  Even after coming this close to what it would take to extend Garrett, I am also glad we don't have to keep him healthy going forward.   Give me the return we got, plus the ability for FNG to spend post Jerry.

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Max Fried got more than that and Crochet's a better pitcher than Fried.
But, Crochet has never pitched an unencumbered full-season; Crochet may have been able to get more by waiting but there is risk to doing that and even last year, Crochet was wanting to sign an extension.  

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  On 4/1/2025 at 3:18 AM, southsider2k5 said:

Yeah, I will be the first to saying it.  Even after coming this close to what it would take to extend Garrett, I am also glad we don't have to keep him healthy going forward.   Give me the return we got, plus the ability for FNG to spend post Jerry.

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Don't think FNG is quite as well known (yet) with the locals in Chicago as Guggenheim in LA or The Carlyle Group in Baltimore.

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  On 4/1/2025 at 1:39 AM, chitownsportsfan said:

Feels like he left a lot of money on the table. That's a 2019 type extension... Quick maths say he puts up a conservative 15 WAR over the next 6 years that's still only like $13/million per win over replacement. If he balls out and puts up like 25 WAR Red Sox have one of the best ace contracts in baseball.

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It is buying out some years though and there is quite some injury risk.

It could easily turn into a big bargain if crochet holds up but 170 m is serious money, that is not likely that Scott kingery extension back then where he got 20 m and you say who cares if he busts.

It basically is an insurance for crochet 

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  On 4/1/2025 at 7:21 AM, 46DidIt said:

You're telling me 4 WAR seasons are worth 56 million per now?

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No, merely that three 7-8 fWAR seasons and the rest of the contract Crochet out for medical reasons would still technically be worth the return on investment.  Obviously that's a Cy Young bar to reach though.

Kind of similar to what the Red Sox faced with the Chris Sale contract.  Don't think he had 21-24 fWAR for them, though.  Something like 20.5.

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  On 4/1/2025 at 1:39 AM, chitownsportsfan said:

 that's still only like $13/million per win over replacement. 

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So someone like Jose Quintana should be make around 35 million a year? Not sure where youre getting your maths. If I had twenty six 1 WAR players, I'd have a 330 million dollar payroll and a 74 win team, according to WAR.

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  On 4/1/2025 at 7:25 AM, caulfield12 said:

No, merely that three 7-8 fWAR seasons and the rest of the contract Crochet out for medical reasons would still technically be worth the return on investment.  Obviously that's a Cy Young bar to reach though.

Kind of similar to what the Red Sox faced with the Chris Sale contract.  Don't think he had 21-24 fWAR for them, though.

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Where you getting 7-8 WAR from? His career high is 4.1

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  On 4/1/2025 at 7:30 AM, 46DidIt said:

Where you getting 7-8 WAR from? His career high is 4.1

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That's what he would have to do...pitching 180-210 innings per season at his 2024 ratios to reach those elite production numbers.

I think it's probably more realistic to argue 4 years of elite/Cy Young production and three years on the shelf with injuries to justify the deal...or a WS title.

5.5-7.0 fWAR for those four seasons.

Edited by caulfield12
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  On 4/1/2025 at 1:57 AM, CaliSoxFanViaSWside said:

You can either take $170M or risk it all while you make $20M combined (maybe) in 2025 and 2026 and if you have a major injury  in that time you lose a huge chunk of change .Not sure what his Arb salaries would have been for those 2 yrs.

This is when smart players who don't get too greedy get out the scales and say yeah I'll take $170M right now thank you.

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Crochet is making $3.6M this year. He won't make more than $10M next year even if he wins the Cy. If his arm blows up over his next 65 starts, which is extremely likely IMO, he's never even coming close to sniffing that kind of money. I think this is a great deal for Garrett and one with significant risk for the Red Sox. 

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Seems like a reasonable deal for both sides. 
There’s obviously injury risk but BOS is getting an ace level pitcher in his prime years for around $30M/year on the extension. We’re going to have to give out similar contracts at some point here (after Jerry is gone) if we ever want to compete.  
 

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Seems like a good deal for Crochet, and a good deal for Boston if he stays healthy.  There's obviously an injury risk, but he's a damn good pitcher when healthy.  Good for him.  On paper, the trade looked good for the Sox, so this might actually end up being a win/win.  That is, until Teel and/or Montgomery are budding superstars and traded for prospects in a few years.

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  On 4/1/2025 at 7:29 AM, 46DidIt said:

So someone like Jose Quintana should be make around 35 million a year? Not sure where youre getting your maths. If I had twenty six 1 WAR players, I'd have a 330 million dollar payroll and a 74 win team, according to WAR.

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I believe you can figure it on a sliding scale. The first win should be worth about $7M. Depending on the FA year, subsequent wins can be worth $9M to $13M.

And bringing up Quintana, that's why it's being said that age is the new market inefficiency. You can pick up these 35 year old guys who are still perfectly serviceable for low salaries. 

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  On 4/1/2025 at 7:21 AM, 46DidIt said:

You're telling me 4 WAR seasons are worth 56 million per now?

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Crochet is/was worth about 6.5 war per 200 IP. That's worth roughly 70 million a year. If you want to get conservative, let's say 180 innings and 5.8.

That's worth about 60 million. He does that 3 times and he has a 10 million dollar surplus. 

 

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  On 4/1/2025 at 7:29 AM, 46DidIt said:

So someone like Jose Quintana should be make around 35 million a year? Not sure where youre getting your maths. If I had twenty six 1 WAR players, I'd have a 330 million dollar payroll and a 74 win team, according to WAR.

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WAR values don't scale normally. 1 war isn't worth 10 million but 5 war is worth 50 million due to scarcity of players at that level. 

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  On 4/1/2025 at 2:38 PM, Look at Ray Ray Run said:

WAR values don't scale normally. 1 war isn't worth 10 million but 5 war is worth 50 million due to scarcity of players at that level. 

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Yeah that was kind of my point in that response, that it wouldn't be a linear value as stated in post I replied to. (13m/WAR) Still not buying that 5 WAR is worth 50 million a year though. If the Sox signed a 5 WAR player to 50 million a year, would that result in an extra 50+ million in yearly revenue? I have my doubts

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  On 4/1/2025 at 2:36 PM, Look at Ray Ray Run said:

Crochet is/was worth about 6.5 war per 200 IP. That's worth roughly 70 million a year. If you want to get conservative, let's say 180 innings and 5.8.

That's worth about 60 million. He does that 3 times and he has a 10 million dollar surplus. 

 

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Wouldn't the value be based on the actual performance rather than a hypothetical rate. I'd think you'd have to actually pitch those 200 innings for them to have value

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  On 4/1/2025 at 3:30 PM, 46DidIt said:

Wouldn't the value be based on the actual performance rather than a hypothetical rate. I'd think you'd have to actually pitch those 200 innings for them to have value

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Well, last year was his first year starting and he threw 150 innings. The team signing him certainly expects more than that going forward. 

Additionally, if he'd done this three years in a row this contract wouldn't be happening anyway. 

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