Angels Extension

[Brent]

The Angels will extend Josh Hamilton.

Current Contract
OF Hamilton, Josh, $18m (2015)

Ranks:
2014 #84 OF
2015 #158 OF

Extension Value:
OF-84 $2m (Tabata, Jose)
Contract Rule:
$1.5m - $5m, 3 years

New Contract:
OF Hamilton, Josh, $2m (2018)

[Flash]

The Angels will extend Josh Hamilton.

Current Contract
OF Hamilton, Josh, $18m (2015)

Ranks:
2014 #84 OF
2015 #158 OF

Extension Value:
OF-84 $2m (Tabata, Jose)
Contract Rule:
$1.5m - $5m, 3 years

New Contract:
OF Hamilton, Josh, $2m (2018)

You probably forgot, but a player's extension must be at least 70% of his current salary.  For Josh Hamilton, an extension would have to be $13.0m (since 70% of $18.0m is actually $12.6m and cannot be rounded down because it would be less than 70%).

Here's the rule regarding this extension:

A player may be given an extension that is less than their current salary.  However, such an extension has three restrictions.
1) The eligibility period for granting a player an extension below their current salary is only in the last year of their contract.
2) On top of the minimum and maximum years for contracts, the longest this type of extension can be is two years.
3) New salary may be no less than 70% of previous salary. Therefore, a player with market value of $2.5m, current one-year deal of $5m, can have an extension for two years equal to $3.5m (0.7 * 5 = 3.5).

Please let us know what you want to do.

[Brent]

I won't extend him.

Also, I suggest this rule gets looked at.  IMO, a 34 y/o player who can't stay healthy doesn't deserved a 70% extension on a contract that was put in place during his prime.

[Flash]

I won't extend him.

Also, I suggest this rule gets looked at.  IMO, a 34 y/o player who can't stay healthy doesn't deserved a 70% extension on a contract that was put in place during his prime.

I believe the factors you are citing will come into play during free agency and I would think that he would be signed to a more "cap friendly" contract during the off-season.

[BHows]

I believe the factors you are citing will come into play during free agency and I would think that he would be signed to a more "cap friendly" contract during the off-season.

Agreed. Between extensions and free agency we have the means to handle these situations.
Case in point is M. Cabrerra's extension. He, at 33 y/o at the start of next season, is still scoring 30+ppg and has earned an extension. Hamilton will go into free agency and earn what the market will bear.

[Brent]

Agreed. Between extensions and free agency we have the means to handle these situations.
Case in point is M. Cabrerra's extension. He, at 33 y/o at the start of next season, is still scoring 30+ppg and has earned an extension. Hamilton will go into free agency and earn what the market will bear.

You just validated my argument.  Cabrera is earning his extension while Hamilton is not.  If it was a true extension on market value the he would be at $2M/yr, but the 70% rule is keeping his value artificially inflated due to a contract from when he was 27 y/o and in his prime.  They are two different situations, but are being lumped into one.

[BHows]

You just validated my argument.  Cabrera is earning his extension while Hamilton is not.  If it was a true extension on market value the he would be at $2M/yr, but the 70% rule is keeping his value artificially inflated due to a contract from when he was 27 y/o and in his prime.  They are two different situations, but are being lumped into one.

Line 8,Item VI B-2.0 Rules Committee Protocol in the proposed rules change (if it passes) provides a way to bring a referendum before the body for discussion/vote. Unfortunately, a change can't be made for this season but you can bid on Hamilton during free agency should you decide not to resign him before 9/30/15. I'm afraid it's the only recourse we have at the time.

[Brent]

Line 8,Item VI B-2.0 Rules Committee Protocol in the proposed rules change (if it passes) provides a way to bring a referendum before the body for discussion/vote. Unfortunately, a change can't be made for this season but you can bid on Hamilton during free agency should you decide not to resign him before 9/30/15. I'm afraid it's the only recourse we have at the time.

Cool, thanks.  I'll bring it up for the rule committee.  I know it won't change now, but Hamilton won't be the only guy who isn't earning his 70% in the twilight of his career so maybe it can help teams in the future.

[BHows]

Cool, thanks.  I'll bring it up for the rule committee.  I know it won't change now, but Hamilton won't be the only guy who isn't earning his 70% in the twilight of his career so maybe it can help teams in the future.

Personally, and I'm pretty sure I can speak for Ernie, I would welcome such participation. We'll see what we can do.
As for Hamilton, a point of reference for me would be Carl Crawford. Not quite the same caliber as Hamilton but I was able to acquire him this past off season for $3.5M/3 yrs.

[Brent]

Personally, and I'm pretty sure I can speak for Ernie, I would welcome such participation. We'll see what we can do.
As for Hamilton, a point of reference for me would be Carl Crawford. Not quite the same caliber as Hamilton but I was able to acquire him this past off season for $3.5M/3 yrs.

Right, but shouldn't his current team have that option before he gets out on the open market?  The auction concept is flawed because there are people on this site who bid up players just to bid them up and increase their contract for whoever gets the player.