Should Koji Be Extended Now And For How Long?

Should the Red Sox be trying to extend Koji Uehara in the near future?

  • Yes.

    Votes: 66 58.9%
  • No. Wait until the season is over.

    Votes: 34 30.4%
  • Not now, but maybe later in the season.

    Votes: 12 10.7%

  • Total voters
    112

Snodgrass'Muff

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This debate started in the Trade Rumors thread.  It's derailing the thread (I apologize for my role in that) so I'm taking a suggestion from another poster to start a new thread for it.  For the sake of the poll, let's assume that his salary would be market value for his projected WAR over those seasons (using Oliver from Fangraphs).  So between 6 and 8.4 million (5-7 million per WAR) next year, between 6.5 and 9.1 million in 2016 and between 5 and 7 million in 2017.
 
Let's examine the potential length of such a deal.  My position is that teams do not go multiple years for relievers in their 40's.  Mariano Rivera is the obvious and as far as I can tell, only example of a team spending any kind of substantial money for a reliever on the wrong side of 40.  He's the exception.  San Diego's last contract with Trevor Hoffman took him through his age 40 season and Milwaukee signed him to a 1 year deal the year after that.  They then re-signed him for another 1 year deal with a club option that they declined when he fell off the table.  Teams stay away from multi-year commitments to relievers in their 40's because athletes in their 40's tend to age poorly, and relievers are volatile enough in the first place.
 
In the case of Koji we have not seen any reports of him asking to be extended so there is no pressure to address this now, and we have a history of teams not going multiple years for relievers at this age, so there is little reason to believe that allowing Koji to reach the free agent market will force the Red Sox to start out bidding teams on 2 and 3 year deals to keep him.  They will have an exclusive negotiating window after the World Series ends to reach a deal or even make a QO if they fear a multi-year market developing and are willing to overpay him for one season to keep him here.  I'm not seeing the incentive to address this now or to open the winter with a multi-year offer.  If a multi-year market develops for him, you make a decision on that then.  Doing so now is jumping the gun.  Let the season play out to make sure Koji stays healthy and effective, then make a fair offer if he does and aim to keep it to one year, but be prepared to offer a vesting option.  Don't leave yourself on the hook for multiple years with a guy this old.
 
Additionally, Koji is a feel and deception pitcher.  His success depends on maintaining a feel for his splitter and his mechanics staying consistent to keep up the deception he has with the ball being kept behind his head for as long as possible before delivering each pitch.  If his shoulder or elbow deteriorate even a little, it might force him to alter his arm angle and his deception might evaporate.  And how many pitchers have we seen with devastating splitters that suddenly lose it from one season to the next?  Curt Schilling has talked about how difficult it is to maintain your feel for that pitch.  So beyond the age concerns, there are reasons to worry that Koji might go from incredibly dominant to average or worse.
 
If he's not forcing the issue, I see no reason the Sox should.
 

Red(s)HawksFan

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TomRicardo said:
No, you either trade him this year or you give him QO by season end.
 
Why a QO when it's very likely they can retain him on a one-year deal or one-year plus option(s) for less AAV?
 
He's going to make a little over $5M this year assuming his games finished bonuses kick in.  The QO is going to be in excess of $15M.  I can almost guarantee there's a middle ground in there that Koji will jump at, and it's probably much closer to his current salary than the QO.
 

BosRedSox5

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I love Koji as much as the next guy, and I know he mostly gets by on expertly located soft stuff... but he's 39. This will not last much longer. Honestly I think the best thing to do is to trade him, thank him for 2013 and send him on his way. 
 

mauidano

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Red(s)HawksFan said:
 
Why a QO when it's very likely they can retain him on a one-year deal or one-year plus option(s) for less AAV?
 
He's going to make a little over $5M this year assuming his games finished bonuses kick in.  The QO is going to be in excess of $15M.  I can almost guarantee there's a middle ground in there that Koji will jump at, and it's probably much closer to his current salary than the QO.
I'm down with this.  He knows he's at the end of his career.  I'm sure he would like to finish here. Come to a reasonable middle ground.
 

JimD

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 I voted for 'Not now, maybe later in the season'.  If he's still healthy and effective in September and he's amenable to a 2015 contract with a team-friendly option for 2016, then do it.   
 
I hope that Ben and company are looking forward and seeing which of their young arms could make a good late innings reliever.  Koji would have value in 2015 in being the bridge to a potential homegrown replacement. 
 

Yelling At Clouds

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He had an injury scare this year - didn't lead to a DL stint, but did lead to at least one Mujica save. He's had injury issues in both Japan and MLB. If I recall correctly, Farrell's reasoning behind not making him the closer sooner last year was concern over additional miles on his arm. Last year he reached his MLB-career high in innings, and he's roughly on pace to equal it this year (although, let's be honest, likely without the additional playoff innings added on - he'll probably pitch in the All-Star Game this year, though, which he did not do last year). In short, I'm not sure his health can be counted on for more than the remainder of this year.
 
The best argument in favor of keeping him is that, Koji aside, acquiring late-inning relievers has been one of Cherington's weak points as GM.
 

Hee Sox Choi

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I have a question.  Since RP usually pitch about 1/3 the innings that a starter does, I wonder if front offices ever say, "look, a top SP in baseball gets 24 million, but you only pitch 1/3 of that so a fair salary would be 8 mil for a top RP."  It makes sense, but of course the agent will say that he pitches the 9th which takes more guts, etc.  Just wondering if anyone has heard if this logic has been used in negotiations.  
 

snowmanny

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Danny_Darwin said:
He had an injury scare this year - didn't lead to a DL stint, but did lead to at least one Mujica save. He's had injury issues in both Japan and MLB. If I recall correctly, Farrell's reasoning behind not
making him the closer sooner last year was concern over additional miles on his arm. Last year he reached his MLB-career high in innings, and he's roughly on pace to equal it this year
(although, let's be honest, likely without the additional playoff innings added on - he'll probably pitch in the All-Star Game this year, though, which he did not do last year). In short, I'm not sure his health can be counted on for more than the remainder of this year.
 
The best argument in favor of keeping him is that, Koji aside, acquiring late-inning relievers has been one of Cherington's weak points as GM.
Which is a strong argument. Every signing is a risk. For the Red Sox to win championships lots of risks have to pay off. Here the bet would be that Uehara would give 1-2 seasons at the same level as the last three, and the alternative is Mujica or the equivalent. I'd prefer to bet on Uehara than bet on Cherington finding another Uehara.
 

j44thor

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I voted extend now but only because if he isn't amenable to a 1 to at most 2yr extension then you ship him to the highest bidder.  Teams consistently overpay for bullpen arms and Koji is an elite bullpen arm at the moment.  He could command at least one blue chip prospect along with a significant upside lottery pick.
 
If this Red Sox team didn't have a shot to contend next season a trade would be a no-brainer but the East looks weak for the foreseeable future and Koji could well lead this team to another run over the next couple years so there is value in keeping him here on the right term.
 

gammoseditor

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I'd give him a QO and hope he accepts.  Maybe you can get him for less but without the QO you risk another team signing him.  With a QO that risk is greatly reduced and you only have to go year to year. 
 

Lose Remerswaal

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gammoseditor said:
I'd give him a QO and hope he accepts.  Maybe you can get him for less but without the QO you risk another team signing him.  With a QO that risk is greatly reduced and you only have to go year to year. 
 
He's never ever refuse that.  As already mentioned, the QO would make him the 2nd highest paid reliever EVER, and you could probably get him to sign very quickly for 2/3 of that amount.
 

gammoseditor

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Lose Remerswaal said:
 
He's never ever refuse that.  As already mentioned, the QO would make him the 2nd highest paid reliever EVER, and you could probably get him to sign very quickly for 2/3 of that amount.
 
Over the last two years he has been one of the best relievers ever.  I think you'd have a hard time finding two names who had better years heading into free agency.  He deserves the money.  At best you could argue we could get him for 2-3 million less.  The increased chance of him coming back is worth that 2-3 million.
 

gammoseditor

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Rudy Pemberton said:
There's no just upside to offering the QO. No one else is giving him that money (as great as he's been- there have been many similar performances this season), so all it does it causes the Sox to overpay him. If you want him back, offer him 1 year at $10-$12M, it's hard to imagine him turning it down.
 
I'm all for makign the 10-12M offer prior to FA, but if he doesn't take it and it's time to decide on the QO I still think you make it.  Of those similar performances, how many of them are FA?  I think the answer is 0.  And that's only comparing him to other relievers over half a season.  There have not been many similar performances since the start of least year.  You don't just guys over half a season.  Especially relievers.
 

bankshot1

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Assuming he's happy in Boston, and wants to re-sign, I'd offer 2 years, at 8-10 million per year. In negotiations, I'd increase the $, but try to stay at 2 years.
 

KillerBs

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Obviously, the Sox should try to retain Koji, as pitchers who get everyone out, are very valuable to baseball teams trying to win games.
 
So one reasonable answer to the "how much are you prepared to pay him?" question is "how much is it going to take?".
 
But of course there are limits.
 
if you could get him on a 1 year deal, great. As for the QO, if they do not have him locked up by then, and he finishes the year as unbelievably good as he has been, extend the QO. I wouldn't be so sure, in that scenario, that the Yanks, Tigers, Dodgers or someone else do not out bid us at 2/24 or more.
 
If it takes a 2 year offer now to avoid the possibility of him slipping away, do that too. I have no issue at all with locking him up for 2015 and 2016 and 2 years 16m, and if it absolutely takes 2/20, I would like to see them do that too.
 
Playing hardball over the last couple million, and thereby risking losing one of our best players, is foolish.
 
What is the worst that can happen? Koji's arm falls off and Henry et al are out a few million. Who cares? Koji's earned that $ already.  Is there some star the Sox can't acquire because we did what was needed to seal a Koji deal?
 
Call me sentimental if you like, but I still hold out hope of seeing Big Papi carrying that crazy little bugger off the field again in another WS clincher.    
 

Red(s)HawksFan

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gammoseditor said:
 
I'm all for makign the 10-12M offer prior to FA, but if he doesn't take it and it's time to decide on the QO I still think you make it.  Of those similar performances, how many of them are FA?  I think the answer is 0.  And that's only comparing him to other relievers over half a season.  There have not been many similar performances since the start of least year.  You don't just guys over half a season.  Especially relievers.
 
You only offer the QO if you are convinced that another team out there will do everything they can to out-bid you, specifically that they'd go above and beyond the QO in terms of AAV.
 
I'm reasonably confident that no team out there is going to make an offer to Koji that either approaches the QO in AAV or covers more than two years.  Which, IMO, means that the Sox can and likely will match/beat it if they really want to retain him.
 

gammoseditor

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Red(s)HawksFan said:
 
You only offer the QO if you are convinced that another team out there will do everything they can to out-bid you, specifically that they'd go above and beyond the QO in terms of AAV.
 
I'm reasonably confident that no team out there is going to make an offer to Koji that either approaches the QO in AAV or covers more than two years.  Which, IMO, means that the Sox can and likely will match/beat it if they really want to retain him.
 
I'm still not sure where the confidence is coming from that no team would offer more than the QO.  Koji is a very unique case.  If he hits free agency he will be by far the best reliever on the market and he won't require a long term deal to lock up.  Teams have lots of cash.  A team needing a closer that has money to spend would have to go after him. 
 

MakMan44

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gammoseditor said:
 
I'm still not sure where the confidence is coming from that no team would offer more than the QO.  Koji is a very unique case.  If he hits free agency he will be by far the best reliever on the market and he won't require a long term deal to lock up.  Teams have lots of cash.  A team needing a closer that has money to spend would have to go after him. 
Not at more than $15 million. 
 

Eck'sSneakyCheese

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There's no way Koji gets a QO. None.

I think they should re sign him for a year with an option. Something like $9 mil next year and an option for around the same depending on performance. Age be damned he's an elite closer who relies on accuracy not velocity. I think that bodes well for his production moving forward.
 

Plympton91

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Apropos of the discussion in the other thread, I think it is reasonable to put Uehara in the class of Hoffman, Eckersley and Rivera. Hoffman and Rivera stayed above average and Eckersley remained functional for 39-41. I voted to give him a 2 year contract with a vesting option, and make the decision later in the season. I say later in the season because I'd want to see whether they had resigned Lester yet, how quickly Betts becomes awesome, whether Napoli and Ortiz hold up well, and whether Holt and Nava can consolidate their recent hot streaks. I say that contract length because that's what I think the market will bear. However, the reason to sign Koji is to compete in 2015; if Betts looks overmatched, Holt's magic slippers fall off on the steps, and Lester doesn't sign, then there's not much use for him.
 

Red(s)HawksFan

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gammoseditor said:
 
I'm still not sure where the confidence is coming from that no team would offer more than the QO.  Koji is a very unique case.  If he hits free agency he will be by far the best reliever on the market and he won't require a long term deal to lock up.  Teams have lots of cash.  A team needing a closer that has money to spend would have to go after him. 
 
I'm dubious as to whether such a team exists, but let's say it does.  Won't the Red Sox also fall into the category of a team with lots of cash in need of a closer as well?  As such, can't they pay the going rate if that's what it takes to retain Koji?
 
I'm of the mind that it will not take anything close to $15M per year to re-sign Koji, so I'm willing to take the risk that if he gets to free agency, no one is going to offer him more than the QO's value on a per annum basis.  And if some team comes through with such an offer, I'd strongly consider matching it and chalk up the extra couple million as a calculated risk that didn't pan out.
 

benhogan

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Snodgrass'Muff said:
This debate started in the Trade Rumors thread.  It's derailing the thread (I apologize for my role in that) so I'm taking a suggestion from another poster to start a new thread for it.  For the sake of the poll, let's assume that his salary would be market value for his projected WAR over those seasons (using Oliver from Fangraphs).  So between 6 and 8.4 million (5-7 million per WAR) next year, between 6.5 and 9.1 million in 2016 and between 5 and 7 million in 2017.
Snods, thanks for starting this thread, I'm curious to hear peoples thoughts.
 
So according to your calculations, a fair extension for Koji for 2yrs is roughly $15MM, do I have that right?   And you wouldn't go there because he is turning 40, forget his body of work as a relief pitcher, how he pitched in high leverage situations all last fall, how he has pitched this season, or his physical conditioning? 
 
With your line of thinking they never would have taken a shot on a 38yr Koji coming off pitching a half season when he was 37.
 

Snodgrass'Muff

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benhogan said:
With your line of thinking they never would have taken a shot on a 38yr Koji coming off pitching a half season when he was 37.
 
I never said any such thing.  "Don't get locked into multiple year contracts with relievers in their 40's" does not equal "Don't get locked into multiple year contracts with relief pitchers in their late 30's."  We have evidence that relievers in their late thirties can stay healthy and effective, and we have evidence that teams will offer multi-year contracts to relievers in their late thirties.  We don't have evidence to support the idea that pitchers will age through their early 40's as well as they did in their late 30's and we don't have evidence that teams will offer relief pitchers in their early 40's multi-year contracts.  Hell, most studies that examine attrition rate in pitchers don't even go past age 40 because of how rare it is for pitchers to even get there, never mind remain as effective*.
 
This is a false equivalence.
 
Also, I'm not sure where you are getting that I think 2 years at 15 million is a fair offer.  I'm very specifically arguing against locking into more than one year, so I'm not sure where you are drawing that conclusion from.  As for why I wouldn't got 2 years guaranteed, yes... it's because he's going to be 40.  And because we have a boatload of examples of relievers who have not continued pitching well into their 40's versus a very small sample of relief pitchers who have.  I'm willing to go a bit hard after Koji for 1 year, meaning I'd overpay a bit, because he's currently pitching excellently, is apparently in good shape, and has proven he can handle pressure situations in a major media market like Boston.  None of that does anything to convince me that he's likely to age better than the vast majority of athletes in their early 40's.  Especially in a wear and tear job like pitching which is damaging to the shoulder and elbow even under the best of conditions.
 
*Here's the BP study on pitcher attrition rates that looked at all pitchers from 1946-2002.  It's a general look at pitchers, but it illustrates the point nicely.
 

 
As pitchers get older, they are more likely to get injured.  It's just a fact.  The body wears down and pitching is an unnatural motion that damages the the shoulder and elbow.  Betting on a 40 year old to stay healthy and effective for 2 years or more is foolish.  The only way the Sox should even think about a 2 year offer is if the winter gets far enough along that he hasn't signed and other teams are making such offers, but I don't think there's much chance, if any, that teams will do so.  And if one does out of desperation for a quick fix in their pen, there's a pretty good chance it won't be worth it to out bid them.  But that's a problem you deal with if it comes up.  It's not something you try to prevent from coming to pass with a proactive multi-year offer.
 
As I said above, offer one year or one year with a vesting option if need be.  Don't get stuck in a 2 or 3 year deal with a guy who will start next season at 40 years old.
 

Savin Hillbilly

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The wrong side of the bridge....
I'd prefer to go year to year, but I'd be OK with adding option years. Something like this:
 
1st year: $10M guaranteed
2nd year: $8M mutual option, $2M buyout
3rd year: $6M mutual option, $1M buyout
 
If the Sox punt after year one, they've spent $12M for one year. If they punt after year two, they've spent $19M for two years. Koji can punt any time if he thinks he can do better elsewhere.
 
That's a pretty player-friendly deal, but with limited team risk. Would that make sense?
 

EricFeczko

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Plympton91 said:
Apropos of the discussion in the other thread, I think it is reasonable to put Uehara in the class of Hoffman, Eckersley and Rivera. Hoffman and Rivera stayed above average and Eckersley remained functional for 39-41. I voted to give him a 2 year contract with a vesting option, and make the decision later in the season. I say later in the season because I'd want to see whether they had resigned Lester yet, how quickly Betts becomes awesome, whether Napoli and Ortiz hold up well, and whether Holt and Nava can consolidate their recent hot streaks. I say that contract length because that's what I think the market will bear. However, the reason to sign Koji is to compete in 2015; if Betts looks overmatched, Holt's magic slippers fall off on the steps, and Lester doesn't sign, then there's not much use for him.
It is interesting you mention Rivera here; he signed a 2 year deal prior to his 40-year old birthday under similar circumstances.
I'd prefer a one year deal with a vesting option to play it safe, however, I'd also be fine with either.
 

Bob Montgomerys Helmet Hat

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soxhop411 said:
How do we interpret this?
 
 
Ryan Hannable ‏@RyanHannable  6s
When asked of his performances of late, through an interpreter, Koji Uehara said, "I think it's a little bit of fatigue." Didn't elaborate.
Why is it necessary to read anything into it?  He's probably got a little bit of fatigue.  Looked fine against the Yankees.