Contract extensions are a rare thing in Yankee-land. Despite that, we heard a very vague rumor about the Yankees looking into extending catcher Russell Martin. Since I’m generally a wimp and like to test the waters first, I asked people on Twitter last night to give their opinions on what they’d offer Martin in a contract. Here are the results. The order is that in which I received replies from various places on the Internet.
3 years, $26M + a club option/$2M buyout
3 years, $18-20M
2 years, $20M; $3M Buyout
3 years, $22M; mutual fourth year option, $800K buyout
2 years, $11.5M; $6.5M team option, $500K buyout
2 years, $20M
2 years, $13M
3 years, $24M (at least three people suggested this)
2 years, $18M
2 years, $12M w/incentives
3 years, $18M w/incentives
3 years, $30M; $9M option
4 years, $28M; club option
Average: 2.61 years, $20.12M
After all that, let’s weigh the pros and cons of extending Martin.
–Cost isn’t out of control. Even the highest projections here have him making no more than $10M.
–He’s still a good hitting catcher, even if he’s not a tremendous hitter compared to the rest of the league.
–He adds defensive value. This is two-fold, as it would allow the potential negative defensive impact from Jesus Montero to be minimized.
Well, there’s really only one, and it’s big: He’s a catcher and catchers tend to break easily. We’ve already seen Martin have dips in production and health after catching a lot in L.A. and that could very easily repeat itself in 2012 and beyond.
Would I offer Martin a contract extension? Probably not, but it wouldn’t be the worst thing in the world. If I were in the mood to offer him a contract extension now (I’m not; I’d rather just pay his arbitration raise this year and reevaluate at this time in 2012), I’d go with a 2 year deal worth $13.5M ($6.75M AAV) with a team option for a third year valued at $7M with a $950K buyout. What say you, commenters?
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