kamagra king uk kamagra gel srbija kamagra 100 efectos kamagra womens kamagra boltok kamagra lagligt kamagra essen buy kamagra 25mg kamagra vafameg kamagra kopen legaal kamagra ervaringen deutsche kamagra cumpar kamagra bucuresti buy kamagra budapest kamagra halbe kamagra sales melbourne kamagra sol kamagra 200 ceny kamagra eczanede var kamagra 100 nebenwirkung super kamagra original kamagra waar bestellen soft chewable kamagra kamagra jel yorumlar fake kamagra bangkok kamagra plus weekender mixing kamagra alcohol kamagra 50gr kamagra kgr 100 wikipedia kamagra forum hrvat super kamagra rezeptfrei kamagra ile przed anyone bought kamagra carrying kamagra abroad kamagra paypal nl chem. kamagra cesky viagra vs kamagra 2013 kamagra och cannabis kamagra fizz kamagra 100 mg etkisi test kamagra jelly kamagra legale kamagra fonctionne pas kamagra ajanta pordorimi i kamagra kamagra pills ireland qiuck kamagra uk kamagra compresse kamagra ceneo kamagra 100mg berichte kamagra dawki google payment kamagra kamagra shops manchester free kamagra sample ebay kamagra polo kamagra rode ogen kamagra ohlasy official kamagra website pharmacy 365 kamagra sleep store kamagra kamagra najszybciej kamagra gold 100 key kamagra acheter kamagra 100 teilen gen kamagra 150 mg kamagra em portugal kamagra prices mumbai kamagra bremen kamagra gel erekcija kamagra aus uk kamagra doping jeli kamagra stetna levitra kamagra uk kamagra manila kamagra plus tadalafil kamagra jelly flavours kamagra navod kamagra in manchester forum on kamagra liquid viagra kamagra kamagra rzeszow kamagra thailand illegal kamagra overdose kamagra police kamagra on paypal kamagra temoignage kamagra zulassung symptoms kamagra sildenafil kamagra liquid kamagra ebay.de apteka internetowa kamagra kamagra jelly test kamagra cipla uk kamagra soho uk kamagra 4 me the kamagra kamagra chat kamagra online paypal 20 exact pharma kamagra kamagra fizz chennai kamagra bestellen schweiz speed and kamagra acheter kamagra paris kamagra gel stockists gdje ima kamagra kamagra dead kamagra singapur kamagra 600 kamagra seeshell flomax kamagra together kamagra silverd srbija kamagra bhp posologie du kamagra kamagra mit paypal kamagra tablete iskustva info om kamagra girls kamagra kamagra strip craigslist kamagra hapi tadacip vs kamagra originele kamagra pillen kamagra jelly price kamagra tania opinie acheter kamagra kamagra cheap supplier forum kamagra 2011 kamagra dosage 300 mg kamagra australia review kamagra betablocker kamagra kautabletten forum price comparison kamagra kamagra nebenwirkungen herz kamagra malaysia dealer kamagra berlin kaufen e20 kamagra kamagra z hologramem kamagra ile kosztuje brighton kamagra kamagra or women kamagra df kamagra testrapport uitwerking kamagra ta med kamagra kamagra wien kaufen ajanta kamagra uk kamagra bez receptu wholesale super kamagra kamagra jelly malaysia kamagra abgelaufen just kt kamagra kamagra jelly 100 cola kamagra us legal freedom kamagra kamagra fast . com shops selling kamagra kamagra bestellen wo viagra kamagra cheap kamagra com paypal kamagra am billigsten amar pharmaceuticals kamagra super kamagra dosis funda ticaret kamagra kamagra into bali max dose kamagra kamagra saturday delivery msh for kamagra kamagra jell greece cialis kamagra kombinieren kamagra oral vendre du kamagra generic kamagra palace kamagra 247.co.uk kamagra ideal cialis vs kamagra kamagra slaskie kamagra with paypal kamagra for men kamagra jelly shots kamagra chewable 100 kaufen kamagra gold tablet vand kamagra 100 kamagra 100 gold australia kamagra dostawa kamagra kaufen phuket kamagra 247 uk kamagra allegro kamagra gel slike kamagra jel avis wszystko o kamagra potenzmittel kamagra erfahrung kamagra sales online overnight kamagra tania kamagra 100mg kamagra proefpakket buy gel kamagra article kamagra kamagra dijabetes elke dag kamagra kamagra kopen eindhoven kamagra wanneer innemen hoofdpijn van kamagra kamagra index kamagra europe bestellen kamagra single kamagra stetna dejstva kamagra 100 pills kamagra through customs site kamagra doctissimo kamagra kako koristiti kamagra overnight kamagra met drank kamagra tablete cena kamagra wechselwirkungen kamagra primjena kamagra st kamagra 7 flavor kamagra in store kamagra aus berlin kamagra dlugosc dzialania kamagra uk fast kamagra ile dziala kamagra uk stockists alcohol and kamagra super kamagra eu paypal kamagra jelly kamagra biz kamagra gel info cheap kamagra australia kamagra fast review kamagra gel uk super kamagra tablets kamagra dosaggio kamagra super kaufen kamagra huisarts kamagra 100mg informatie kamagra pzn kamagra thailand gel viagra kamagra unterschied kamagra porto kamagra 150 mg uk kamagra affect women vijagra kamagra san francisco kamagra using kamagra forum kamagra woman effects thailand pharmacy kamagra kamagra viagra generika viagra kamagra kamagra testosteron kamagra jeden tag kamagra users kamagra 100 dauer kamagra bomboni kamagra consultation uk kamagra with lisinopril cheapest kamagra csv kamagra gegenmittel kamagra gel woman kamagra skin super kamagra jelly kamagra 100mg ajanta kamagra viagra preis kamagra vartojimas side effects kamagra kamagra sprawdzony sklep buying kamagra pilule kamagra sedefil kamagra till sverige kamagra gel beograd kamagra mort buy blue kamagra kamagra no effect kamagra oral venezuela kamagra now closed kamagra legal kamagra nederlands kamagra apotheke holland kamagra bielsko kamagra uk 247 kamagra in copenhagen kamagra jelly erfahrungsbericht kamagra jelly pris kamagra gel org kamagra banane kamagra and go kamagra gel predaj kamagra sildenafil 100mg vanzare kamagra kamagra sites uk kamagra on uk kamagra reviews super kamagra packungsbeilage kamagra import australia kamagra in spanje kamagra in houston kamagra bestellen rembours kamagra sage pay kamagra predaj nitra wanneer kamagra innemen kamagra 100mg montreal bericht super kamagra kamagra i spanien kamagra angeles city kamagra gel better kamagra usa sales buy kamagra nz avis sur kamagra comprar super kamagra kamagra gel koristenje kamagra vragen ajanta kamagra 100 chewable kamagra amlodopine ramapril commander kamagra 100mg fakta om kamagra kamagra girls kamagra 100 djelovanja kamagra jelly tablet india super kamagra kamagra red opinions kamagra 100 kamagra 100 mg tablets kamagra directions use kamagra distributors kamagra gold diskusia kamagra sildenafil jelly kamagra jelly single ebay kamagra forsale jelly kamagra thailand kamagra gel uso kamagra women uk kamagra sicher einkaufen kamagra doesnt work kamagra for females kamagra 100 7 tabs uk kamagra in dubai kamagra pro poland kamagra results intimax or kamagra anwendung von kamagra kamagra.nl recensie kamagra ucuz kamagra avec paypal kamagra tabletki opinie kamagra preisvergleich verschil kamagra viagra kauwbare kamagra kamagra verschreiben lassen kamagra pill splitter kamagra advarsel kamagra 4er kamagra gel zagreb kamagrafast kamagra plus kamagra pharma limited kamagra stockists uk cheapest kamagra 100mg kamagra tablete hrvatska ebay kamagra jelly kamagra sites gone kamagra oral sly replika kamagra kamagra onde comprar kamagra 100mg belfast kamagra for sell kamagra prodaja beograd kamagra recension kamagra tablet nedir kamagra ingredienten super kamagra predaj czy kamagra uzaleznia kamagra taken guaranteed cheapest kamagra ceneo kamagra kamagra alcohol heartburn cheap kamagra pills american kamagra low cost kamagra kamagra in hannover levitra vs. kamagra kamagra viagra callis buy levitra kamagra kamagra verkopen kamagra diazepam kamagra wholesale usa super kamagra tabletten kamagra tea kamagra gel paypal cialis und kamagra ervaring kamagra bestellen kamagra 100mgoral jelly uk kamagra cialis low price kamagra wirkung super kamagra kamagra tablets dosage liquid kamagra discount kamagra uk paypal uk kamagra kamagra beograd kamagra zeit cialis v kamagra vendita kamagra italia kamagra a hong kamagra in aberdeen was macht kamagra kamagra over nettet kamagra jellys uk kamagra wirkungseintritt kamagra en zwangerschap kamagra for girl kamagra uk spain free kamagra jelly forocoches kamagra kamagra 100 sale bg kamagra cheap kamagra china kamagra bringt nichts kamagra polo tablets kamagra cadiz kamagra bestellen betrouwbaar super kamagra online kamagra for fun affiliate program kamagra kamagra thailand passagen acquisto kamagra italia kamagra ede chiang mai kamagra kamagra wanted kamagra paypal ch is kamagra safe kamagra to buy kamagra weekender uk kamagra jaune kamagra 4 er paypal kamagra ksr 100 kamagra okazii kamagra kroatien kamagra liege kamagra now sibutramine apcalis oral kamagra kamagra xxl kamagra jelly billig kamagra descripcion kamagra pharmacyy kamagra low price kamagra indonesia find kamagra nigeria kamagra jel english kamagra sklad chemiczny kamagra xlpharmacy forum kamagra kamagra gold bula kamagra shop tallinn kamagra 4 cialis kamagra 100 mg sobres kamagra for women kamagra jelly vrouw kamagra preise kamagra valor panvel kamagra cipla reviews kamagra significado lloyds pharmacy kamagra kamagra packung kamagra apoteke sarajevo kamagra medicament kamagra 50 gel oral spot fake kamagra buy kamagra australia female kamagra 100mg cheap fast kamagra kamagra jelly nebenwirkungen kamagra ebay kamagra. fast kamagra venlo kamagra guardian malaysia cialis czy kamagra ajanta kamagra kamagra neben kamagra 50 gold cheap kamagra forum dangers du kamagra kamagra kopen nijmegen kamagra kosten kamagra stockists glasgow kamagra creams dr kamagra kamagra birmingham uk kamagra afhalen rotterdam kamagra kaufen berlin kamagra leeds uk kamagra czech republic kamagra turquoise kamagra generic uk buy kamagra spain kamagra a levitra kamagra schweiz zoll cena kamagra kamagra heart attack kamagra es kamagra pirkti kamagra london 247 upustvo kamagra gel
Home Lance Gurewitz Wrapping Up Young Talent, The Rays Do it Again with Wade Davis

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 1058 guests online

Atom RSS

Wrapping Up Young Talent, The Rays Do it Again with Wade Davis PDF Print E-mail
User Rating: / 3
PoorBest 
Lance Gurewitz Article Archive
Written by Lance Gurewitz   
Sunday, 03 April 2011 23:32
Wade Davis
Evan Longoria II? The Rays wrap up
Wade Davis to a six-year, $17.5M deal
that while risky, could pay big dividends

It is no secret that, in recent years, MLB teams have taken to signing their elite young players to discounted extensions long before they reach free agency. Zack Greinke, Dustin Pedroia, Ryan Braun, and Troy Tulowitzki (the first time) are just a few of the stars who have agreed to such contracts. Perhaps none epitomizes the phenomenon, though, quite like the six-year, $17.5 million deal that Evan Longoria signed just six days into his MLB career, turning over an additional three years and $42 million in club options in the process. The abruptness of the Longoria deal surprised many, but it has since turned Longoria into perhaps the desirable asset in the league. On Thursday, the Rays and young starting pitcher Wade Davis entered into a similar four-year, $12.6 million deal with three club options worth up to an additional $25 million. This contract is another instance of the Rays’ brilliantly executed strategy of inexpensively locking up high-upside young talent.

What makes this contract so advantageous for the Rays is the monumental difference between the value Davis’ contract demands and the value he is likely to provide. The average annual value of the guaranteed portion of the contract is $3.15 million, which is already worth less than one win above replacement (WAR). Notably, Davis struggled last season, posting only 0.8 WAR in 168 innings in 2010, so he has not yet proven that he is easily worth that salary. Still, given his 36.3-inning, 1.1-WAR debut in 2009 and that Baseball America rated him the Rays’ third-best prospect before that season, he seems destined to improve dramatically on last year’s performance. The brilliance of the contract, though, extends beyond the first four years. The club options for 2015, 2016, and 2017, are worth a mere $7.5 million on average. Assuming a conservative 5% rate of player salary growth and accounting for small buyouts associated with the option years, Davis would only need about 1.1 WAR in each of those seasons to justify his contract. For a pitcher with Davis’ upside, that expectation is more than reasonable, but the Rays are not even committed to those years of the deal. If Davis does not reach that level in the next four years, the Rays can simply decline the option and pay $2.5 million (if before 2015), $500,000 (if before 2016), or $250,000 (if before 2017). Thus, the Rays have secured the rights to Davis’ first two years of free agency at a discount and without taking on significant risk.

If this deal benefits the team so greatly, though, why would Davis agree to it? The answer is security. As his contract stands, he would make approximately $400,000 in each of the next two seasons before three years of arbitration eligibility. Through that process, it is quite likely that he would have made or exceeded the $12.6 million he has now been promised. However, that possibility comes with the risk of ineffectiveness or injury reducing his value below that point or even, in the most disastrous case, ruining his career. What Davis receives in exchange for his discounted salary is peace of mind that the arbitration process does not provide. The Rays’ timing on approaching Davis about this deal may turn out to be another stroke of genius, as Davis’ concern with security would be likely to decrease as he continues to establish himself as a major league pitcher. For example, if Davis were to have a breakout 2011 season and post something like 2.5 WAR, his confidence and reputation would improve, and his willingness to play for a discount would decrease. The Rays seemingly consider such a scenario likely since they decided to approach Davis now. From Davis’ perspective, he went from a guarantee of nothing but his 2010 salary of $434,100 to earning between $14.1 million (if the first option year is bought out) and $35.1 million (if all the options are picked up). The Rays identified the point in Davis’ career when they believed he would most appreciate that financial security, and they seem to have done so correctly.

In essence, this is a risk-free contract for the Rays. Even if Davis somehow does not pan out, the couple million dollars of sunk cost will have been a small price to pay for the expected value over contract the Rays received. It seems clear that even if Davis were to fail to live up to this contract, the Rays would not be deterred from similar contracts in the future, as in the long run, deals like this will turn out great for the team much more often than not.


SPECIAL BUSINESS OF SPORTS NETWORK REPORTS:
The Labor Battle in the NFL. See BizOfFootball.com for details

Welcome to the 2011 Business of Sports Network Autism Challenge

Donate
Click to donate
to Autism Speaks


Lance Gurewitz is currently a freshman at the Wharton School of Business at the University of Pennsylvania. He also serves as the MLB Trade Rumors Florida Marlins Team Coordinator. You can read and discuss his baseball analysis and other sports musings in 140 characters or less by following @LanceWG42 on Twitter

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?