credit card transfer offers unauthorized credit card charges police report chase prepaid card build credit what to know when applying for credit card bank of america terms and conditions for credit cards us bank credit card processing 0 financing credit card balance transfers instant online cash loans eliminate credit card debt new payday loan direct lenders 2012 credit card interest rate per month calculator same day cash loans for unemployed compare credit card machines apply for credit card online instant decision different types of credit cards in us iphone credit card processing comparison secured credit cards for bad credit with rewards lost visa card uk first horizon credit card bad credit payday loans online direct lenders free mastercard credit card number jcpenney credit card account phone number what is the best prepaid credit card for online use capital 1 credit card ppi claims cash out prepaid visa card black credit card no limit hyatt credit card authorisation form how to pay hdfc credit card payment options merchant credit card rate comparison mastercard securecode uk how can we pay lic premium using credit cards same day payday loans online direct lenders online credit card services natwest how to use natwest credit card points business credit card no cash advance fee bank of america credit card international fees president choice credit card lost can you get cashback with a capital one credit card amazon credit card payment phone number best zero percent credit cards 2013 chase credit cards for students icici credit card reward points mint natwest online credit card payments how to get a credit card with no credit history yahoo answers accept credit cards everyday rewards cards au credit card payment approval form direct payday lenders no third party bad credit what is the best credit card for rewards points test credit card numbers for testing free black card nandos 70 000 mile american express delta credit card dubai first credit card offers prepaid credit card reviews canada santander credit card 0 purchases online visa card generator citibank business credit card offers chase credit card visa southwest portable credit card machine hire what is the best credit card deal at the moment apply for hsbc platinum credit card online pay as you go credit card visa canada loans you can pay back weekly cash loans with bad credit history can you pay household bills with a credit card new uk resident credit card ebay credit card payment problems visa credit card insurance uk how to use fake credit card information discover credit card reviews 2013 how to get your first credit card with no credit standard chartered credit card login uae compare credit cards rewards travel good first credit card for students capital one credit cards for no credit history rbs 18 month interest free credit card can i get a credit card with bad credit and no job credit cards for new business owners unsecured credit card bad credit no deposit required can you link prepaid credit card paypal virgin credit card uk gnc gold card discount best credit card for business travel low interest payday loans no credit check prepaid credit cards with overdraft what is the security code on your credit card 6 months interest free credit card australia free no annual fee credit cards credit card charge approval form online credit card prepaid find pre approved credit card offers online application for credit card sbi bank icici credit card apply online in coimbatore best business credit card credit card number validation using javascript credit card merchant credit card calculator spreadsheet template aaa bank of america credit card login apply for credit card bad credit history wells fargo mobile credit card processing small business loans for veterans with bad credit cheap credit cards for bad credit history ipad credit card app australia get a credit card quickly black card credit score requirements american express delta credit card td canada trust student visa application direct payday loan lenders uk credit cards for small business with bad credit paypal credit card verification not working chase credit card no balance transfer fee vodafone to airtel balance transfer code what to look out for when applying for a credit card hbc mastercard benefits what are the best credit cards for students in canada secured personal loans with bad credit best credit cards to have with fair credit citibank credit card singapore business loans with bad credit rating black cardigan women;s cheap best payday cash advance loans closing low limit credit cards check credit history free without credit card platinum card concierge review bank of america international credit card charges can prepaid credit cards be used abroad td canada trust credit card car rental citibank credit card apply online in india average credit card apr chase credit card terminal app review barclays platinum credit card balance transfer cibc credit card lost or stolen best buy credit card account login cash back business credit card offers hdfc credit card instant payment online costco credit card merchant processing citibank credit cards australia transfer credit card balance to current account credit cards accepted at walmart canada tips for getting a first credit card student credit cards instant approval gap credit card services phone pay my first premier bank credit card bill united airlines credit card offer uk credit card protection insurance uk credit card number location manual credit card machine best us airways credit card offer 2013 diy iphone credit card stand chase united credit card foreign transaction fee whats an easy credit card to get with bad credit short term loans online south africa visa credit card application online usaa credit card score requirements hdfc bank toll free customer care number credit cards how to lower credit card interest rate apply for student credit card discover credits cards capital 1 lost or stolen credit card spg amex best credit card multiple credit card payoff calculator excel credit card apps for iphone best credit cards with rewards consumer report 0 interest credit cards offers 0 financing credit card offers best small business credit card cancel halifax credit card application quick payday loans for bad credit in south africa marriott rewards credit cards in uk best app for accepting credit cards ford motor company credit card application how much does it cost to accept credit card payments online hdfc credit card offer on goibibo credit card balance transfers 0 interest instant cash loans no brokers how does credit card interest work in india small business credit card transaction fees icici instant credit card charges how to know my icici credit card status list of real credit card numbers that work disney rewards credit card phone number marriott rewards credit card login uk fake us credit card number generator how to calculate your credit card interest payment does sams club accept credit cards visa horizon unsecured credit card reviews is it best to pay off high interest credit cards first hdfc credit cards payment online how do i apply for a reward zone mastercard walmart credit card cash back rules what credit card will accept me chase southwest rapid rewards credit card metlife monthly recurring credit card authorization form citibank platinum credit card review india best air travel rewards credit cards visa card canada td government travel credit card citi verifone credit card machine instructions activate td visa card online citibank credit card online banking premium credit cards credit card minimum payment calculator uk what is the best credit card for bad credit credit card rates ireland compare how do i sign up for itunes without a credit card can online payday lenders sue list of payday loan lenders uk no credit check prepaid creditcard nederland mastercard walmart credit card status check barclays credit card eligibility in india compare bank of america credit cards credit card 0 apr first 12 months credit card verification form korean air new york and company credit card payment number hello kitty credit card uk credit card interest rate calculator compare rcbc credit card online application philippines guaranteed credit card uk shell gas credit card find the best credit card for me canada i need a fake credit card number and security code should i pay off my student loans or invest sears credit card lower interest rate lost everyday rewards cards free online loan quote moneysavingexpert best cashback cards does applying for a credit card hurt your credit rating credit card acquiring bank definition cash same day payday loans visa black card benefits how to apply for a hsbc credit card in the philippines capital one secured credit card $3000 limit td canada trust visa debit security code sallie mae cash back visa 5 how to get a bad credit loan personal loan private black credit card natwest best 0 interest credit cards on purchases us airways mastercard natwest student credit card minimum payment zero balance transfer credit cards australia disney visa card application status cash back visa credit card canada visa card exchange rates currency do i need a credit card to rent a car in the uk pay my national city credit card online best no annual fee credit cards canada credit card prepaid to build credit top 50 credit card companies cash converters payday advance loans what is an immediate cash advance on a credit card ed sheeran nandos black card first american cash advance payday loan best credit card for travel rewards no annual fee how to get credit card in sbi bank household credit card application anz platinum card travel insurance terms and conditions best credit cards for balance transfers no fee online credit card security system rbc best visa card chase opt out of credit card offers citibank balance transfer credit card best credit card reward programme uk amazon visa rewards card application status art van ge credit card login pc richards ge capital credit card longest 0 interest credit card visa credit card details free test credit card numbers wikipedia how to remove halo reach credit limit compare 0 interest credit cards cash loans to your door uk list of online loan sharks stolen credit card numbers free 2013 platinum card american express travel credit cards instant approval good credit prepaid visa gift card td canada trust citibank australia credit card travel insurance best visa card for travel british airways credit card points cash advance lenders direct 0 credit card offers for good credit top credit card issuers in canada what;s the difference between secured and unsecured credit cards chase mastercard credit card best reward credit cards for students generate random credit card number federal grants for credit card debt relief halifax 0 interest credit card best lifetime free credit cards in india online cash loans for bad credit best credit card app for ipad 2 hdfc bank credit cards payment hbc mastercard best payday online loan companies cash loans online fast review marriott rewards chase credit card online union bank online application for credit card pay walmart credit card credit card verification process india who has the best credit card processing rates buy virtual credit cards bank of america credit card login mastercard petro canada credit card login top 5 credit card companies us canada business credit card comparison axis bank gold credit card online apply credit card with bonus miles offer singapore airlines credit card verification form bank of india credit card apply online in india is there any way to get a credit card under 18 credit card 0 interest rate credit card authorization form word template credit card offers for 600 credit score does virginia dmv accept credit cards credit card reader app for iphone uk how long before wells fargo secured credit card is unsecured credit card offers $500 cash back how do i calculate credit card interest pay best buy credit card online compare commonwealth bank credit cards bad credit loans no credit check online payday loan direct lenders reviews best credit card after bankruptcy 2009 visa credit card number hack suze orman credit card advice diners club international credit card switzerland us bank secured credit card application status phone number is an amazon credit card a good idea apply for barclays credit card online india average credit card interest rate united states hsbc gold credit card promo how to get a 30000 credit card limit new horizon credit card reviews lowest interest credit cards uk where to mail amazon credit card payments online loans in south africa no paperwork guaranteed unsecured credit cards for poor credit grocery store rewards cards mbna credit card offers uk halifax credit card ppi claim rejected credit cards for bad credit no processing fee how do i pay icici credit card bill online citi corporate credit card india how to get otp in hdfc credit card all unsecured credit cards bad credit get a credit card with no credit check very poor credit credit cards best buy reward credit card review wells fargo credit card cash advance apply for credit card online canada ppt on credit card fraud detection methods victorias secret credit card number location citi aadvantage credit card review how do i get my starbucks gold card mastercard credit card number example visa reward cards comparison what is a cash advance fee wells fargo what happened to fixed rate credit cards aventura credit card cibc cibc visa lost credit card how long does a bank of america credit card application take sear credit card offers mastercard careers sydney td low interest rate credit card how to get a cash advance on a visa credit card low rate credit cards uk counter offer credit card settlement file bankruptcy credit cards only sign up for chase freedom credit card virgin credit card uk postal address sbi credit card offers on flight booking 2013 the best credit card to have now discover credit card payment due date do all credit cards have ppi money magazine credit card ratings 2012 citibank platinum credit cards india where do i mail my walmart credit card payment black card magazine usa direct payday advance loans credit card interest free cash withdrawals fake credit card numbers with security code for itunes petro canada credit card application prepaid visa credit cards india o percent balance transfers credit card tata sbi credit card online payment black cardboard boxes nz cancel virgin credit card online is it good to have 2 credit cards credit card limit calculator australia free prepaid credit card generator credit card protection insurance india best credit card for a college student with no credit interest free credit cards for 18 months on purchases bmo secured credit card canada best uk credit card for overseas travel best uk credit card balance transfer how to get an itunes account without a credit card in uk payday loan lenders direct bad credit standard chartered credit card payment gateway best 0 balance transfer credit cards uk business credit cards for poor credit what is credit card issue number mastercard easy approval credit cards canada delta airlines credit card review how do interest free credit cards work types of online credit card fraud wells fargo secured credit card cash advance instant unsecured bad credit loans secured credit card in canada virgin mbna credit card minimum payment instant cash advance online australia hdfc credit card settlement india virgin credit card uk contact number black cardigan coat bank rakyat credit card application form visa credit card merchant fees buy prepaid credit card ireland unsecured bad credit personal loans instant decision discovery platinum credit card benefits sears application for credit card halifax credit card transfer deals square credit card reader android uk magnum cash advance reviews total us credit card debt what happens to your credit score when you cancel a credit card hsbc credit card dining offers cash advance payday loans online credit card balance transfer fee calculator credit card online application south africa where can i apply for credit cards with bad credit bad credit card offers unsecured easy approval credit cards unsecured costco credit card machine can you transfer from credit card to bank account credit card virtual terminal no monthly fee do you need a credit card to rent a car from avis business credit cards with bad personal credit credit card offers 0 purchases can you apply for an ikea credit card payday loan bad credit direct lenders only capital one credit card login to pay bill comenity pay lane bryant credit card best cash rewards credit card canada 2013 credit card visa number + security code sbi credit card offers 2013 bank of america student credit card bad credit credit cards unsecured instant approval uk bad credit cards instant approval barclay credit card contact number hsbc apply for credit card new credit card rules singapore prepaid credit card visa canada amazon uk credit card application reducing credit card debt credit score manhattan standard chartered credit card helpline hudson bay company credit card best credit cards 2013 canada best credit card cashback bonus best visa credit card for business who has the best cash rewards credit card what is the average minimum payment on a credit card capital one compare all credit cards how do i opt out of credit card applications virgin barclays credit card login credit union credit cards canada credit card issuers list wiki direct lender payday loans online no credit check mastercard credit card rental insurance citibank credit card application status singapore chase credit card visa customer service visa debit card application form pdf no foreign transaction fee credit card points guy best credit cards for small business owners unsecured instant approval credit cards gold card south west trains benefits wells fargo credit card services online visa prepaid credit card activation how does paying with a credit card work online usaa credit card cash advance limit amazon credit card payments instant unsecured credit card approval for poor credit capital one visa secured credit card bad credit bank accounts master credit card number generator best credit cards no interest 12 months how to apply maybank credit card machine high limit credit cards with low interest rates citibank credit card payment singapore best first credit card company the best credit cards 2013 malaysia best credit cards 2010 natwest credit card online banking ge capital credit card application virgin credit cards ppi best buy credit card apr how to get a 5 000 loan with bad credit axis bank credit card apply procedure what is one disadvantage of using a credit card to get a cash advance best credit card students no credit nhs cashback black card
Home Jordan Kobritz Kobritz: What is Cliff Lee Worth?

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 1028 guests online

Atom RSS

Kobritz: What is Cliff Lee Worth? PDF Print E-mail
User Rating: / 2
Jordan Kobritz Article Archive
Written by Jordan Kobritz   
Sunday, 31 October 2010 11:34
Cliff Lee
Will Cliff Lee become the highest-paid
pitcher in all of baseball?

One of the principles of business is you never overpay for quality; it’s the high cost of mediocrity that you soon regret. Sports business is no different.

That’s why we should prepare ourselves for what may be the largest contract ever awarded a pitcher in Major League Baseball history. The recipient of that honor will be Cliff Lee of the Texas Rangers. If the ultimate goal for a MLB team is to win the World Series, it’s obvious the best way to accomplish that is to have Lee in your rotation.

Lee has been a member of two different playoff teams in each of the past two years and all he’s done is lead them both to the World Series. Lee’s team, the Phillies, lost to the Yankees last year and he didn’t exactly fool the Giants in Game 1 of this year’s World Series. But in five playoff series prior to Wednesday night’s stinko, Lee’s line looked like this: Seven victories in eight playoff starts with a gaudy 1.26 ERA. Those numbers are historic.

Sabermetricians are fond of arguing – in some cases successfully – that wins can be an overrated stat. That may be true over the course of a season, but in the playoffs, wins are the only stat that matters. Lee has proven to be one of the most successful big-game pitchers of all-time and he is about to be paid accordingly.

The largest contract, in both total and average salary, ever awarded a pitcher is the seven-year, $161 million deal the Yankees bestowed on C. C. Sabathia in 2008. By any standard of measurement, Sabathia has been worth the investment. The same can’t be said of Barry Zito and his seven-year, $126 million contract from the Giants. Ditto for Mike Hampton and his 8-year, $121 million contract with the Rockies. At 32, Lee is four years older than Sabathia was when he signed with the Yankees, so it’s unlikely he will match Sabathia in contract years. But Lee is almost certain to exceed Sabathia in average annual salary.

We know of at least two clubs that are prepared to open the vault for Lee, the Rangers and the Yankees. Rangers’ principal owner Chuck Greenberg told the New York Daily News in reference to the expected bidding war with the Yankees over Lee, “We aren’t going into this with a pea-shooter.” He’s right. The Dallas metropolitan area is the largest single-team market in MLB and has been a sleeping giant for years. Until the Greenberg-Nolan Ryan group purchased the team out of the bankrupt estate of Tom Hicks last August, in business parlance the Rangers have been an under-performing asset. Those days are gone.

The Rangers recently signed an extension of their TV deal with Fox that some reports peg at $1.6 billion over 20 years, beginning after the 2014 season. That’s $80 million per year, or four times what the team is estimated to be earning now. The Greenberg-Ryan group includes a number of local heavyweights who are well-connected in the Dallas community. And they’re unlikely to over-leverage their assets to the extent that brought down Hicks’ deck of cards.

With a young, exciting team, above average pitching, and a well-stocked Minor League system, the Rangers should be competitive in the AL West Division for years to come, which will translate to increased revenue. Having Lee in their rotation will solidify them as a legitimate World Series contender for the foreseeable future.

There are other teams besides the Yankees and the Rangers who will kick the tires on Lee. The Red Sox are certain to show interest if for no other reason than to up the ante for the Yankees. But a number of clubs who can afford to enter the bidding will pass because even with Lee in their rotation, they won’t have the horses to make the playoffs.

Lee over a 162-game season doesn’t have the same impact as he does in a five or seven game series. As Pittsburgh Pirates General Manager Branch Rickey famously replied to Ralph Kiner when the slugger protested a pay cut after the 1952 season in which he led the NL in home runs but the team finished with the worst record in MLB, “We can finish last without you.”

With Darek Braunecker as his agent, Lee is unlikely to leave any money on the table. It’s not difficult to visualize a 6-year contract at an average of $25-30 million per year. After all, you never overpay for quality.

Jordan Kobritz is a staff member of the Business of Sports Network. He is a former attorney, CPA, and Minor League Baseball team owner. He is an Assistant Professor of Sport Management at Eastern New Mexico University and teaches the Business of Sports at the University of Wyoming. He looks forward to your comments and can be contracted, here.

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook



Should MLB Force Jeffery Loria to Sell the Marlins?