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Home MLB News Free Agency and Trades Rockies, Carlos Gonzalez Poised to Strike a 7-yr, $80 Million Deal

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Rockies, Carlos Gonzalez Poised to Strike a 7-yr, $80 Million Deal PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Joe Tetreault   
Monday, 03 January 2011 18:51

Troy Renck of the Denver Post hears from multiple sources that the Rockies deal with Carlos Gonzalez will be finalized shortly and lock him up through the 2017 season and that it will include a $3.5 million bonus. Gonzalez enjoyed a break out season in 2010 and is regarded among the best young outfielders in Major League Baseball.
Gonzalez turned 25 in October and has played one full season and just over half of two others.  He would not have been eligible for salary arbitration until the 2012-13 offseason.  The deal when finalized will buy out one season of full team contract control, all three arbitration seasons and three years of free agency.
Though terms have not been announced, the deal is rumored to be worth $80 million and represents another sizable investment by the Rockies this offseason.  Previously, Colorado shelled out big bucks to keep Troy Tulowitzki signed through 2020 on a deal worth $157.75 million. In addition they brought back Jorge de la Rosa with a two-year deal worth $21.5 million.  Rockies GM Dan O'Dowd is certainly making a statement that the bad deals of the club's past, like the massive deal he lavished on Mike Hampton that proved to be an utter bust, and the nine-year deal that Todd Helton signed in 2001 that will pay him $19.6 million in 2011. That statement is that the club is intent on holding onto the core of talent, despite the poor results of those prior deals.
Any long term deal holds inherent risk. Gonzalez with just one year of superstar production at the big-league level prompts the immediate question: can he repeat it?  Gonzalez' minor league career suggests that he is only just coming into his abilities.  And Colorado is wisely betting on a young and talented player, on a deal that will carry him through his age 31 season.  If he is able to build on 2010, a year that saw him hit .336/.376/.598 and lead the National League in batting average, then he will prove to be a very wise signing.

Joe TetreaultJoe Tetreault is Managing Editor 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 can be contacted here through The Biz of Baseball

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