Goldschmidt Nearing Extension Deal

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Well at first I thought Goldschmidt would of been signed by the Cardinals after the 2019, it looks like I am wrong. This is a very smart move by the Cardinals organization. The six-time All-Star has generally been a model of consistency at the plate, and he has shown little sign of declining. Even if Goldschmidt’s performance starts slipping a bit, he should more than justify St. Louis’ investment.

This deal will l come in at “around $130MM,” per Derrick Goold of the St. Louis Post-Dispatch (via Twitter). That’s on top of Goldschmidt’s existing deal, it seems, which would indicate he’ll now be under contract through the 2024 season.
As Goold notes, if Goldschmidt passes his physical, this will become the largest deal in Cardinals history.

Here is the rest of the story……

The Cardinals are closing in on an extension with first baseman Paul Goldschmidt, per Ken Rosenthal of The Athletic (via Twitter). It’s expected to cover “at least” five years and $110MM, though precise details on the structure and guarantee are not yet known. In particular, it’s not evident whether his existing contract ($14.5MM for the 2019 season) is included in the tally.
No matter the details on the price point, it seems the Cards are going to accomplish what they set out to do when they acquired Goldschmidt earlier this winter. The club made no secret of its desire to hammer out a long-term arrangement with its new first bagger. Indeed, achieving exclusive negotiating rights likely helped motivate the St. Louis organization to part with starter Luke Weaver, catcher Carson Kelly, minor league infielder Andy Young and a Competitive Balance Round B selection to land Goldy in the first place.
Getting the deal done now means that both the Cardinals and Goldschmidt (along with his representatives at Excel Sports Management) need not think about alternatives next winter. It surely would have been interesting to see how the star performed on the open market. It’s hardly an optimal time for a defensively limited slugger to reach the open market. The Chris Davis deal (seven years, $161MM) is scarcely three years old, but seems a relic in retrospect. We’ve seen a steady reduction in earning expectations for such players in recent years. Still, significant money has still been there for the very best players. J.D. Martinez took down $110MM over five years despite profiling as a DH. Carlos Santana and Edwin Encarnacion each commanded $20MM annual salaries over three-year terms. And first bagger Eric Hosmer — a much younger but lighter-hitting first baseman — went for eight years and $144MM.
There’s an argument to be made that Goldschmidt could have earned more on the open market. He’d have faced little competition at the top of the first base market outside of the older Jose Abreu, though there are a few notable other players available next winter. But it’s frankly difficult to argue with the decision to sign onto this contract, particularly with another year of health and performance risk still separating Goldschmidt from free agency. The Cards obviously were quite fond of their new acquisition — and, perhaps, felt no small amount of pressure to get something done. It’s no small achievement in this climate for a first baseman to secure a $26MM AAV over a five-year term that begins in his age-32 season.
Goldschmidt, of course, is no ordinary first baseman. Comparing him to his peers at first base, in fact, isn’t quite the right scope. Over the past three years — that is, not including his personal-best 2015 campaign — Goldy has been among the dozen top position players by measure of fWAR. He’s in a dead heat with Freddie Freeman and Joey Votto in that regard. Now, he’ll join that pair of star performers in securing a large and lengthy contract extension.

 

Source: Jeff Todd

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