Rudy Pemberton said:
That sounds good; but if Napoli can make $14M for one year, why would he instead sign a deal that might only net him $12M over 2? The minimum he can make next year is $14M. I don't see how he accepts anything less than 2 years / $22 or so, and probably more than that. Something like 1 year / $12M with an option triggered for $15M next year and a $2M buyout might work (guarantee of 1 / 14, with a chance for 2 / 27) but I have to think he'll be looking for even more.
I could definitely see them moving the base values per year up to $7M for years 1 and 2, but if you're the Sox FO you'd want to start the negotiation under the perception that the $14M, 1 year QO is Napoli being slightly overpaid to keep the contract length to one year.
Also, he wouldn't make $12M over two unless his hip falls apart out of the gate next season and is still unable to play in 2015. If he could even make it to 250 PAs and never played again he'd be assured of $15.5M.
Then there is also the benefit for Napoli of having guaranteed money in the second year, as that assures him of at least the chance to play again. If he takes the QO and ends up looking like toast for the second half of 2014 due to his hip he's likely to never see another meaningful contract offer. If instead he looks shot in the second half of 2014 on a tiered two year deal he'd at least have a shot to play in 2015 and with health could further extend his career. With his hip condition there is substantially more value in having multiple guaranteed years for him than most other players.
If Napoli is focused on maximizing his guaranteed money then I'd say the chances of him playing somewhere other than Boston next year go up significantly, but from his own comments that doesn't seem to be the case. He sounds like a guy who wants a multi-year deal that gives him some security but that more importantly lets him have a shot at earning what he perceives as his full value, even if that includes some risk on his part.
rundugrun said:
Wait. There is no way that Nap accepts 2 years at $6m per year when he has the option to "work" one year and earn $14.1m. Am I missing something?
Because he'd have very large PA related escalators in the contract, just like this past season, but with guaranteed money over two seasons.
If he takes the QO three things can happen:
1. He's healthy all year. He has a shot at another contract, assuming he played well, with the hip concern still lingering.
2. He's hurt out of the gate. The QO will likely be the last sizable salary he ever sees.
3. He gets hurt partway through the season or falls off a cliff partway through the season and doesn't bounce back by season's end. The QO is very possibly his last sizable salary.
In case #1 he makes $14M. He would have made $13M with the offer I outlined, with at least $6M guaranteed for next year even if his hip is shot in September 2014, so he loses $1M of 2014 earnings and in exchange assures himself of a healthy seen figure minimum for 2015 regardless of health.
In case #2 he makes $14M. With the offer I outlined he'd instead have made $6M in 2014 and at least $6M in 2015, with a chance to rehab and take another crack at playing in 2015. He loses $2M in guaranteed money but still has a chance to play, whereas if his hip goes out of the gate in 2014 he likely wouldn't do better than a minor league offer that winter.
In case #3 he makes $14M with the QO. Again, with the offer I outlined he'd instead have made $6M + the bonus. Let's say that is halfway through the season, so he had ~250 PAs. He'd then have made $9.5M in the first year with $6M guaranteed despite his injury, paying him $15.5M and guaranteeing him a shot to play in 2015 as opposed to $14M with the QO and no assurance of a roster spot for 2015.
But again, even moving the base numbers to $7M per the concept works. The next year's guaranteed is basically there as a hedge for Napoli to assure himself of at least one healthy eight figure pay day regardless of health (same as just accepting the QO), but with a bonus structure that lets him reach his desired salary per year for multiple years assuming he simply stays healthy. Given the contract he signed this past off-season that looks like a concept he's willing to entertain.