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Monday, March 21, 2011
Longoria no longer the best deal in… (which year)?
The day Longoria signed his monster deal, which happened just days after he was put on the 25-man roster, which happened just days after he would not qualify for 172 days of service, I called that move by the Rays brilliant. That his future WAR will generate far more than the Rays are going to pay. And that was in 2008.
And since then, I have said that Longoria Properties has the highest net asset value (i.e., value of property minus mortgage value) in baseball. Three years later, he still has that tag.
At some point, this will no longer be true. And Dave asks when? Longoria still only has 40MM$ of payroll coming to him as of today.
Entering the 2014 season, he’ll have about 90MM$ of value, and it’ll still cost the Rays only 30MM$ for him. I think by then, someone will have overtaken Longoria for giving his team the biggest deal.
Three years later, and I’m still in shock. And three years from now, I’ll still be in shock. The deal was that good for the Rays.
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