zestoretic verkauf actos online bestellen registo kaufen gyne lotrimin live medikament singulair inhaltsstoffe seroquel online apotheke buy generic copegus online apotheke xanten vermox bestellen cialis bestellen per nachnahme zantac rezeptfrei holland viagra rezeptfrei hamburg levitra kaufen ohne rezept flomax online bestellen kosten rogaine 5 bestellen adalat online apotheke desi tashan skelaxin rabatt online prescription zyprexa rezeptfrei italien nexium online apotheke to buy atorlip 20 preis atorlip atorvastatina 20 mg beconase aq rezeptfrei generic name kaufen ranitidine katze emsam generika günstig billig slim tea mlesna lithium pillen bestellen sinequan generika indien china cialis rezeptfrei ungarn amoxicillin price philippines prednisone online apotheke prescription billig provera symptome caverta online apotheke buying terramycin rezeptfrei usa neurontin generika günstig zyrtec rabatt online order risperdal 4 mg preis artane preis usa zofran online apotheke odt provera rabatt online jezika rabatt periactin dose medrol online bestellen vergleich cialis rezeptfrei reimport pyridium kaufen calcium carbonate verkauf and water acivir online bestellen günstig purim online bestellen activities crestor rabatt online bestellen citalopram pille side effects cefixim online kaufen stromectol online bestellen html anacin online bestellen günstig actonel medikamente badewanne alessi preis kosten vermox forte grifulvin v medikamente micr 500 tablets side effects cephalexin kaufen lexapro durchschnittliche kosten führerschein confido rezeptfrei niederlande kaufen billig finasterid türkei valentin online bestellen filmnézés vantin generika indien youtube clomid rezeptfrei bestellen cialis kaufen türkei amoxicillin online apotheke antibiotics glycomet generika preisvergleich reminyl rabatt online youtube beconase aq medikamente availability aspirin effect preisvergleich adalat generika kaufen celadrin generika günstig rabatt big appeal four allopurinol online apotheke sale benfotiamine preisvergleich celadrin rabatt online shop voltaren plus rezeptfrei cozaar rezeptfrei kaufen paroxetine rezeptfrei kosten tretinoine creme plendil rezeptfrei online endep rabatt online prozentrechner lozol rabatt online free zofran rezeptfrei niederlande aleve pille qlaira hydrea generika zulassung altace rezeptfrei mg kosten epivir hbv manufacturer grifulvin v bestellen fulvicin ralista bestellen online allegra online apotheke ordering arimidex kaufen ohne rezept geriforte kaufen cardizem bestellen moduretic online bestellen xxl kaufen billig finpecia erfahrung billig saw palmetto shampoo clindamycin generika kaufen emsam rabatt online h&m billig slim tea in india billig furosemide qualitest dostinex tabletten preis glucophage best price periactin rezeptfrei online slimex bestellen deutschland kosten saw palmetto zinc supplement augmentin generika rezeptfrei celebrex rezeptfrei test valentin online bestellen filmnézés magyarul plendil rezeptfrei usa kaufen billig norvasc eulexin online bestellen berlin rogaine 5 medikamente years bupropion sr bestellen for weight loss keflex online apotheke purchase clopidogrel plavix preisvergleich benfotiamine preisvergleich yokebe imitrex online bestellen xenos ditropan kaufen nexium online apotheke paypal anacin online bestellen online diflucan rezeptfrei insektenstich hydrochlorothiazide online apotheke purchase levlen pille vergessen haldol online bestellen rezeptfrei kaufen billig imuran ohne rezept billig benadryl deutschland silagra pille 100mg viagra generika prograf rezeptfrei online kaufen propranolol nebenwirkungen pletal online bestellen schweiz allegra preis usa zoloft rabatt online epocrates prilosec generic over the counter proscar online apotheke comprar procardia rabatt online free prograf online apotheke test combivent rabatt online buy toprol generika apotheke vantin generika indien kaufen diclofenac online apotheke salbe hydrea medikament phexin generika hersteller kosten toprol mycelex-g generika kaufen rabatt pilex tablet albendazole rabatt online purchase rabatt naprosyn fort benicar rezeptfrei holland kemadrin rabatt online youtube penegra generika türkei billig calan privat nizagara pille silvitra pille vergessen rabatt trileptal nebenwirkungen nitrofurantoin pille danach beconase aq rezeptfrei who makes kaufen billig cytotec rezeptfrei hk actor kaufen rabatt nootropil kaufen kaufen epivir hbv assistance innopran pille online azulfidine online bestellen schweiz clozaril pille online rocaltrol pille himcocid durchschnittliche kosten führerschein robaxin pille qlaira skelaxin online bestellen test seroquel prolong nebenwirkungen gewichtszunahme zofran online apotheke order augmentin online apotheke purchase aldactone online bestellen purchase entocort online apotheke detrol online apotheke buy carbozyne rabatt online youtube zofran rezeptfrei holland voveran online bestellen online kosten detrol er venlor rezeptfrei schweiz billig liv 52 from himalaya allegra preisvergleich usa ophthacare generika preisvergleich depakote rezeptfrei wo arcoxia online apotheke imdur generika indien aldara rezeptfrei celebrex rezeptfrei online brahmi online bestellen youtube voveran rezeptfrei frankreich billig accutane erfahrung nizoral online apotheke purchase lasuna generika indien youtube kaufen billig suprax minocin akne pille kosten v gel tight kaufen billig hoodia uniquehoodia lotrisone generika erfahrungen brahmi online bestellen kapseln benicar online bestellen canada viramune kaufen vantin online bestellen vergleich triamcinolon rezeptfrei kaufen billig isoniazid nebenwirkungen noroxin online apotheke saw palmetto verkauf oily skin kaufen cozaar kaufen billig zantac hund big appeal bestellen meech bupropion sr medikamente causing anxiety rabatt seroflo advair venlor verkauf atarax online bestellen köpa imdur rezeptfrei apotheke anafranil online bestellen canada plavix oder generika tegretol online apotheke schweiz paxil online apotheke dipyridamole piller augmentin online apotheke prescription ventolin spray preis baclofen - ein medikament gegen alkoholsucht endep rabatt online im vodafone shop xalatan price uk big appeal generika indien reisen minocycline online bestellen ikea atorlip-20 online apotheke juvalis levitra verkauf fincar rezeptfrei usa accutane kopen nederland astelin bestellen oxytrol online bestellen xenos liv 52 bestellen copii norvasc generika türkei billig liv 52 kupic kaufen bupropion sr generic lasix pille vergessen big appeal rezeptfrei grimsby aldara creme rezeptfrei bestellen beconase aqueous preisvergleich effects bupropion sr pille xl for weight loss kosten liv 52 wirkstoff provera rabatt online tekuceg racuna remeron rabatt online bestellen kaufen billig finpecia flonase generika zoll clindamycin online bestellen pharmacy robaxin pille doxycycline rezeptfrei mg phexin durchschnittliche kosten celadrin preis antabuse online apotheke for sale cozaar rezeptfrei italien digoxin rezeptfrei italien lady era preis cristiana pletal generika türkei carbozyne generika zyban tablet price in india ranitidine kaufen rabatt etodolac er big appeal rezeptfrei dig colchicine generika indien china torasemid bestellen tulasi online bestellen theatre zanaflex rezeptfrei betnovate online apotheke cream pariet preis liv 52 bestellen benefits kaufen billig ashwagandha extrakt prazosin rezeptfrei test cafergot rabatt online h&m kaufen billig prandin stromectol online bestellen uk finpecia medikamente carbozyne generika deutschland kaufen gyne lotrimin for diaper rash prednison pillen docmorris viagra rezeptfrei minomycin generika hersteller billig slim tea que sirve ashwagandha generika rezeptfrei furosemide online bestellen to buy kosten avodart preis arcoxia rabatt online h&m fertomid online bestellen buy diflucan rezeptfrei wien rabatt venlor tablets kaufen menosan erfahrungen grifulvin v medikamente and alcohol big appeal bestellen kitch rogaine 5 generika results kosten maxalt preis betapace rezeptfrei apotheke feldene generika viagra tulsi blätter bestellen motrin rabatt online h&m kamagra oral jelly preis in thailand dulcolax online apotheke juvalis billig prinivil xalatan online bestellen xxl tadalis generika noroxin online apotheke test actoplus durchschnittliche kosten implantat vasodilan generika regaine 5 preis schweiz billig tulasi das voltaren preis singulair rabatt online order rabatt cialis preis bupron sr preis reviews strattera bestellen kaufen diclofenac hyaluronsäure gel kosten dramamine deutschland endep rabatt online fossil provera rabatt online znanja engleskog kaufen fml forte taste styplon online bestellen online zithromax online apotheke canada kosten saw palmetto vs propecia feldene pille danach liv 52 bestellen tabletten prometrium online apotheke test levitra generika deutschland clonidine online bestellen nederland flagyl er rabatt online buy kaufen femara nebenwirkungen silagra wo kaufen forum beconase aq medikamente makes arcoxia 90 mg bestellen seroquel kosten preis calcium carbonate medikamente your heart big appeal medikamente birthday feldene generika deutschland rabatt methotrexate alkohol toprol rabatt online xl prices dapoxetine online bestellen india amoxicillin antibiotika preis kaufen adalat eins voltaren günstig kaufen voltaren emulgel novartis preis meclizine generika apotheke lozol rabatt online kosten liv 52 inhaltsstoffe seroquel online apotheke cheapest innopran generika indien youtube prazosin rezeptfrei bestellen stromectol online apotheke in u.k roxithromycin online apotheke juvalis nasonex online bestellen buying purim online bestellen games indinavir rezeptfrei schweiz zoloft generika liste rabatt imdur dosage kaufen billig chloroquine rezeptfrei calcium carbonate preis common name kemadrin online apotheke schweiz beconase aq rezeptfrei kaufen eldepryl online bestellen wien slimex online bestellen feldene generika kaufen grifulvin v rezeptfrei wo rabatt nizagara information fluoxetin andere medikamente metformin durchschnittliche kosten lebensmittel colchicine online bestellen uk keftab generika hersteller confido preis qm rogaine 5 medikamente rica billig slim tea kaufen neu toprol generika zulassung lasix generika zulassung ditropan generika türkei skelaxin online apotheke wien cozaar generika tabelle prednisone pille vergessen dramamine rezeptfrei niederlande rabatt plaquenil lupus liv 52 bestellen kaina amoxicillin 1000 online bestellen billig saw palmetto jamieson billig slim tea walmart rogaine 5 medikamente hair loss endep online apotheke qlaira desyrel preisvergleich yokebe aciclovir bestellen lamisil price malaysia prevacid online apotheke order kosten arava medikament nizagara online bestellen wien glucovance durchschnittliche kosten qm zithromax online apotheke shipping cymbalta preisvergleich yokebe reglan rezeptfrei länder unisom rezeptfrei niederlande terramycin kaufen rabatt vasodilan arimidex durchschnittliche kosten implantat kaufen billig citalopram unterschied hydrochlorothiazide durchschnittliche kosten führerschein plavix generika kaufen billig betnovate lotion rabatt pilex tablets ciplox medikamente mit wirkstoff baclofen rezeptfrei aus spanien cleocin rezeptfrei wo kaufen billig cytotec in deutschland kemadrin rabatt online free myambutol rezeptfrei kaufen temovate rezeptfrei pletal generika rezeptfrei malegra generika zulassung clomid rezeptfrei schweiz mircette generika kaufen hydrochlorothiazide pille fluoxetine rabatt online for cats zyvox generika alavert generika indien reisen rogaine 5 medikamente schaum furosemid durchschnittliche kosten mg motilium online apotheke kaufen menosan online bestellen xenos seroquel online kaufen propecia medikament paroxetine price walgreens amaryl online apotheke günstig triamcinolone preis phenergan generika liste billig lady era protonix durchschnittliche kosten implantat allegra rabatt online loja prednisone online apotheke get voveran rezeptfrei clindamycin rezeptfrei usa ashwagandha wo kaufen uroxatral rezeptfrei niederlande billig saw palmetto zararları allegra pille preis mentat online bestellen nederland renagel rabatt online youtube doxycycline medikamente mit wirkstoff xalatan preis qm prometrium online apotheke niederlande rabatt pletal generic lukol generika hersteller oxytrol patch price bystolic preise wellbutrin online apotheke canada arava online bestellen xxl rabatt naprosyn tablets venlor rezeptfrei insektenstich dianabol kaufen bestellen levitra durchschnittliche kosten crestor pille preis preisvergleich nicotinell 52 clonidine durchschnittliche kosten implantat tenormin bestellen rabatt geriforte venezuela femara generika rezeptfrei kosten rogaine 2 nizoral urispas rabatt online shop feldene online bestellen ikea voltaren rezeptfrei schweiz lamisil pills price bentyl rabatt online apotheke amitriptylin neuraxpharm pille viagra pille zijn viagrapillen aleve menstruatie pillen slim tea rabatt online anoos nolvadex pille preis billig saw palmetto ultra emsam rabatt online apotheke prednisolon salbe kaufen kosten arcoxia rezept prednisolon online apotheke provera rabatt online h&m reglan rezeptfrei schweiz dulcolax generika hersteller saw palmetto verkauf vitamin billig celadrin nebenwirkungen brahmi online bestellen india medrol online bestellen neo calcium carbonate verkauf solubility in water billig finax noroxin preis depakote generika indien youtube silvitra rezeptfrei deutschland kaufen fml forte vs kosten saw palmetto liquid extract benicar rezeptfrei usa serophene generika erfahrungen amoxicillin online apotheke sales fosamax medikament wirkung chloramphenicol preisvergleich yokebe effexor piller neurontin online bestellen pharmacy lithium kristall kaufen atrovent rezeptfrei günstig kosten maxalt wellbutrin retardtabl preisvergleich tulasi rezeptfrei kaufen shatavari durchschnittliche kosten führerschein kaufen billig imdur kosten saw palmetto lower testosterone bupropion sr pille you gain weight betapace generika suche calcium carbonate medikamente in food
Home Maury Brown Who Came Out Ahead on the Strasburg Deal?

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 976 guests online

Atom RSS

Who Came Out Ahead on the Strasburg Deal? PDF Print E-mail
User Rating: / 12
PoorBest 
Written by Maury Brown   
Tuesday, 18 August 2009 16:33
Nats

With just over a minute before midnight Monday night, the Washington Nationals and agent Scott Boras reached a $15.67 million deal for San Diego State pitching phenom Stephen Strasburg, setting writers near and far to place the deal in perspective.

At the highest levels, it’s a win for both sides. Boras gets his client signed to a record breaking deal, and the Nationals get their pick under contract, without going into exceptionally high overall dollar figures.

But, when looking at the deal top to bottom, and taking in when Strasburg may be in a Nats uniform, the deal may lean slightly more one way than the other.

Breaking Down the Deal

Strasburg deal is a major league contract over just over 3 years ($400,000 of it prorated for the rest of 2009), with $15.1 million of it guaranteed. On top of the contract dollars, he will receive a $7.5 million in signing bonus (for those scoring, that's $3.3 million over the MLB recommended bonus slot of $4 million).

Tim Lemke of the Washington Times does some great legwork breaking down the years of the Strasburg contract:

2009: $400,000 (pro-rated)
2010: $2 million
2011: $2.5 million
2012: $3 million

The signing bonus pays over time as follows:

Sept. ’09: $2.5 million

Jan. ’10: $2.5 million

Jan. ’11: $2.5 million

So, pulling the contract and bonus monies together, we get the following:

2009: * $2.515 million

2010: $4.5 million

2011: $5 million

2012: $3 million

* approx. based upon prorated salary

Will “Strasburgmania” Offset Contract Costs?

The Nationals, mired in losing, desperately needed to get Strasburg under contract in order to test his talents, and eventually (or at least it’s the hope of the Nationals), Strasburg helps get the Nationals on the path to winning. In-between, the club gets some much needed buzz given that Strasburg has been given the mantle of “possibly the greatest pitching prospect in a generation.”

Darren Rovell reports on how added ticket sales based upon fans coming to just see Strasburg will work to offset the Nationals investment. Rovell tapped Vince Gennaro, who uses this year’s Team Marketing Report, which shows the average ticket price, as well as the average cost for a premium ticket to calculate. As reported:

According to Team Marketing Report, the Nationals average ticket price this year is $30.63 per game.  Therefore, in order for Strasburg to pay off, he’d have to sell 2,250 additional season tickets or keep 2,250 people who were going to give up their tickets –- per year.

The average premium ticket is $193 per game. So Strasburg, Gennaro reasons, would also be worth it, if his performance would lead to 360 premium tickets sold for the season.

In actuality, the deal could be paid off even sooner.

The average ticket price for the Nationals has risen from $21.11 in 2007 to $30.63 this year, and increase of 31 percent. There was a dip of 7.1 percent from 2008 to 2009 for the Nationals as they adjusted for the recession. With another year of losing, coupled with the recession and restrictions on gifts for politicians in DC, it may be that the Nationals opt for “flat” as opposed to “increases” next season for average ticket prices.

The question will be, do the Nationals keep their premium tickets at their current levels? Entering 2009, only the Dodgers ($222.38), Cubs ($239.43), and Yankees ($510.08) had higher average premium ticket prices.

Look for Strasburg to Pitch for the Nationals in… 2010?

So, the Nationals will be looking to offset the cost of the Strasburg deal with the increased buzz surrounding him, which translates to extra ticket sales. So, Strasburg will be in a Nats uniform quickly, right? Not so fast.

Scott Boras said that he will not pitch at the major league level this season due to the long layoff. He has not pitched since May 29. Strasburg will most likely pitch in the Arizona Fall League.

"We're just going to let him get his feet on the ground here in Washington, D.C," Nationals interim general manager Mike Rizzo said, "and we'll figure out a plan for him in the very near future. We have to figure out where he's at, how in shape his arm is, how much we have to ramp him up before he can start pitching competitively.

That means that the earliest the Nationals will be able to capitalize on Strasburgmania in DC would be next April… should he make the ML roster.

Where the Deal Leans In Strasburg’s Favor

As with all things in sports, nothing is a given. Expectations are based upon projections, which can fail, or worse, a player can be injured. For now, at least at the major league level, Strasburg is a blank slate; a projected great player with no major league service time with which to evaluate. But, if history is any indication, and barring a complete collapse or catastrophic injury, Strasburg comes out ahead in the deal reached late last night.

The key, as noted in a prior column, centers around the number of years in the contact. With a three year deal, Strasburg will be eligible for all three years of salary arbitration eligibility, a system that weights almost entirely in favor of the players. Last year, the average increase in salary for players in the system was 143 percent.

So, while the Nationals may have won a victory of sorts in getting Strasburg under contract without completely derailing the signing system with a total dollar figure much higher, they will most likely be paying much, much more for Strasburg’s services once he hits salary arbitration. Conversely, the deal that the Rays signed Evan Longoria could be one of the best in recent history due to wrapping up the slugging third baseman.

Longoria’s deal is a $17.5 million, six-year contract. The deal could be worth up to $44.5 million over nine seasons.

Longoria earned $500,000 in 2008, when the club made its phenomenal run to the World Series. He will earn $550,000 this season, $950,000 in 2010 and $2 million in 2011, a salary that would increase to $2.5 million if he is eligible for salary arbitration that year. He receives $4.5 million in 2012 and $6 million in 2013.

The deal is complex with the Rays having a $7.5 million option for 2014 with a $3 million buyout, with the buyout price increasing to $4 million if Longoria was eligible for arbitration in 2011.

By November 2014, the Rays must decide whether to exercise an option calling for salaries of $11 million in 2015 and $11.5 million in 2016. His 2016 salary can rise to $14 million, depending on his finish in MVP voting.

If Longoria's 2014 option is exercised, the 2015-16 option would carry a $1 million buyout.

Back to Strasburg, according to comments by Boras, based upon whether Strasburg is salary arbitration eligible, after his third year of major league service time, his $15.1 million deal could reach at least $19 million, based upon an exception clause in the current CBA, which reads:

A Club may submit a salary figure for salary arbitration that is at least 80% of the Player’s previous year’s salary and earned performance bonuses (and at least 70% of his salary and earned performance bonuses two years previous).

But, what Strasburg would get in salary arbitration would most assuredly be higher. While the club would be held to the offering figure rule, the asking figure by the player and agent will be looking at a far higher. Unless the salary arbitration case were to go to hearing, most all salary arb deals land exactly at, or just in favor of the player. The Nationals will have to deal with this not once, not twice, but three times before Strasburg hits salary arbitration.

Conclusions

The Nationals and Boras came close to a draw on the deal for Stephen Strasburg based on the particulars of the three-year deal. If Strasburg is the star he is supposed to be, the cost for his contract could be offset relatively quickly. As of now, it appears that won’t occur until Spring of 2010 as Strasburg is being ramped up slowly after not pitching since late May.

Finally, the Nationals will wind up spending more by not wrapping up Strasburg through part or all of his salary arbitration eligibility years. That could be where they get bit the hardest if Stephen Strasburg is as great as he is projected to be.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on Twitter Twitter

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?