Extending Prospects

[Colby]

That adds some more money into the deal... I'm with you Dan.

[Colby]

Adam Lind just signed a deal that wasn't $15.5m/year... more proof to our pudding.

[Colby]

Here is my suggestion for prospect extensions... 

Prospect Extension
Any player who is currently under a prospect contract may be signed to a regular contract extension, but they may also be signed to a prospect extension.  Such an extension must be a 5-year deal where the annual salary is 50% of their market value, but no more than $8.5m and no less than $4m.

[Colby]

Here is my suggestion for prospect extensions... 

Prospect Extension
Any player who is currently under a prospect contract may be signed to a regular contract extension, but they may also be signed to a prospect extension.  Such an extension must be a 5-year deal where the annual salary is 50% of their market value, but no more than $8.5m and no less than $4m.

We could always add to this by putting a dependency on the year of the prospect contract.  For the 2010 season, the following percentages would be used per prospect status.

2010 - 60%
2011 - 50%
2012 - 40%
2013, n/a - 30%

This is more in line with what Dan originally brought up.

[Dan Wood]

I like it. I think it should go into effect next year if it get passed.

[Canada8999]

I like it. I think it should go into effect next year if it get passed.

I'll agree with this, and continue to suggest we do this as much as possible for new rules...

[Colby]

I'll agree with this, and continue to suggest we do this as much as possible for new rules...

Two votes so far... once this is passed, I will put the final ruling along with the salary cap structure into a new post under League Rules called "Effective in 2011".

[Daniel]

If I may say something here, the only reason the Longoria deal was so low is because it was agreed upon before he proved himself in the majors. I don't think there's a need to cap maximum amount of dollars, that should be determined by the players production. Using the percentages of their real market value the cap will be self-imposed depending on which year they are giving the contract.
What I'm thinking here is that under the proposed set of rules it's very advantageous to hold on to all quality prospects (like Lincecum, Lind or Upton) until his contract year and then offer the 5 year 8.5m extension. This guarantees that the player will spend more years with the team at a very cheap price. The earlier a prospect is extended, the riskier it is. The gain should be bigger as well. By capping at 8.5m it is the same in virtue of percentages to shell out the bucks for Lincecum after one great season than after two or three.

[Colby]

Great point Daniel... you like the percentages, but not the maximums, correct?

[lp815]

I believe I'll side with Daniel on this...