Halladay's Deal


halladay 1216.jpgRoy Halladay
signed a three-year, $60 million contract extension, which keeps him with the Phillies at least through 2013.

Here is how it looks:

2011: $20 million
2012: $20 million
2013: $20 million

Halladay has a $20 million vesting option in 2014. The option automatically vests if (A) he throws a combined 415 innings in 2012-13; (B) he throws 225 innings in 2013; and (C) he is not on the disabled list at the end of the 2013 season. Halladay has thrown more than 225 innings in each of the previous three seasons, and six times in the last eight seasons he has thrown at least 220 innings. In other words, the option vests if Halladay stays healthy and as productive as he has been. The Phillies certainly won’t mind paying Halladay another $20 million if he continues his dominance at 36.

Halladay receives a $100,000 bonus for winning MVP ($75,000 for second and $50,000 for third); a $100,000 bonus for winning Cy Young ($75,000 for second and $50,000 for third); a $100,000 bonus for winning World Series MVP honors; a $50,000 bonus for winning a Gold Glove; a $50,000 bonus for winning a Silver Slugger; and a $50,000 bonus for making the All-Star team.

Halladay also has a no-trade provision in his contract, although it’s unclear how many teams it includes.

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8 Comments

This gives me goosebumps:

http://baseballprospectus.com/article.php?articleid=9861

How far our Phillies have come in such a short time. I have so much love for Ed Wade, his staff, and Pat Gillick and his staff. They finally built a winner out of this franchise and now Ruben Amaro seems to be doing the right things to keep it that way. Opening Day can’t come fast enough.

zach58, thanks for the link, that is an awesome read. We are in a period of baseball elitism here in Philly and we should cherish it because, unfortunately, it probably won’t last forever.

The only thing that bums me out is that I am not so sure that Lee does not have the same feelings about Philly as Halladay does. I am sad to see him go (and I think he is too) and feel that he deserves better than baseball exile in Seattle. I know that you have to restock your farm system and you can’t throw all your eggs into one basket (or one season) but is there any fan out there that wouldn’t have loved to see a 1-2-3 punch of Halladay-Lee-Hamels for a year? You could be talking about a team that has the potential to be historically great. Two Cy’s and a WS MVP for 90 starts in a season!

Anyway, I hope Lee has a good 2010 and I hope to see the Mariners bounce the Yanks in the divisional round next year!

Zach58, thanks for the link.

Seattle is hardly baseball exile. The Mariners are pretty good and will probably be favorites to win the AL West with Lee and Felix Hernandez at the top of their rotation.

I am still no on board for this trade or the manner in which they shoved Lee out of the door. There was no reason for it now. Lee pitched his heart out in Philly, and he may be one of the main reasons the Phillies team even went so far last year. Cliff Lee did that, no one else.

On paper Halladay looks great, no disputing he is a great pitcher. If you look at the cumlative total of what the Phillies gave up to get him, you can probably realize that this may not have been such a great deal for the Phillies.

Right as of today, the starters are not completely set farther that Halladay, Hamels, Happ, and Blanton. The team doesn’t seem to have much faith in Happ as they didn’t even use him in the playoffs to start except one division series game when he started Game 3 vs. Colorado and pitched for 3 innings. The other appearences for Happ were relief appearances.

The Phillies bullpen is still far from ready to go either, so there is still so much for this team to accomplish in that department.

As to the Phillies signing him for ‘under’ market value. You can’t use Sabbathia’s salary as a reference, it’s off the charts, he was a true free agent and signed for 7 years. Less greedy? Halladay wants a chance to win a World Series championship, yes he did come here for 3 years, $60 million for 3 years is a lot of money, and he can bump that up to 4 years and $80 million if he doesn’t get injured and several other clauses are met. Last time I checked, that was still a very lot of cash to have to play baseball.

This deal can’t possibly be figured out for some time whether or not it was a good deal or a bad deal. If Halladay’s medical problems return, this could be a terrible deal for the Phillies. A pitcher who has thrown so many pitches over 12 seasons as Halladay has is bound to have problems, will they just start to surface as a Phillie?

I am happy Halladay is a Phillie, but not happy with everything that went on to bring him here. The Phillies got into the position they were in last year largely because Cliff Lee carried them on his back, you don’t treat a player like that especially a player that became a fan favorite like Lee did, he has every right to be mad and shocked at what happened. The Phillies could have given Lee a 6 millon dollar raise this season and stayed with him and kept the farm intact with their ‘untouchable’ status without having to worry about restocking. Lee would have pitched his heart out for the Phils in 2010 and become more attached to the Phillies over time. You can’t say he wouldn’t have signed with the Phillies for a multi-year deal in the future or at what price. He wasn’t given te opportunity to even approach the end of his contract properly by Amaro.

Wrong fightinphillies. Amaro made an offer to Lee and was apparently moved by the response to move ahead with this deal. Lee was great, but four-five years of Halladay is way better than one more of Lee, especially at what is a considerably below market value price, whether you agree with that assessment or not. Halladay could have easily waited till next offseason and gotten at least 5 years and 100 million, which is also what Lee can and probably will get. Halladay left a minimum of 20 million on the table, probably more.
I wish Lee luck. He was great but he would not have signed the contract that Halladay did. Halladay has already had a big payday and Lee hasn’t.

Yeah, I second the wrong fightinphillies proposal. I’m sorry but your analysis could not be farther from correct in every paragraph you wrote.

The contract extension is perfect but what happens after 2013 is still mysterious. The options placed on the contract paper for the extension of Halladay’s contract in 2014 is very tricky. What if he does not get the 415 innings in 2012-13 seasons? – Jordan

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