for display only
Big Blue Interactive The Corner Forum  
Back to the Corner

Archived Thread

NFT: Yankees sign Luis Severino to Mult-Year Deal

Dave in Hoboken : 2/15/2019 11:41 am
From Joel Sherman's Twitter:

Joel Sherman
& #8207;
Verified account

@Joelsherman1

Hear #Yankees and Luis Severino avoided an arbitration hearing by reaching agreement on a multi-year deal pending a physical

Great news!
Link - ( New Window )
Pages: 1 2 <<Prev | Show All |
.  
Danny Kanell : 2/15/2019 11:51 am : link
Great deal for the Yankees.
Absolute Steal.  
BigBlue2112 : 2/15/2019 11:51 am : link
Think about what Corbin got this year: 6 yrs 140 mil. Sevy is a superior arm to Corbin.
Passan with more details on his Twitter.  
Ace718 : 2/15/2019 11:52 am : link
From Passan:

Breakdown of Luis Severino's deal, per source:

2019: $4M+$2M bonus
2020: $10M
2021: $10.25M
2022: $11M
2023 (club option): $15M with $2.75M buyout

Interesting part of that: higher salaries in '20 and '21, lower than usual in '22. Why? Protection against a work stoppage.
Fantastic!  
yatqb : 2/15/2019 11:53 am : link
.
More from Passan  
Ace718 : 2/15/2019 11:56 am : link
Luis Severino's deal can max out at $52.25 million over five years. He gives up only one year of free agency -- one fewer than Aaron Nola did. If the Yankees exercise the $15 million option, Severino will hit the open market at 29 years old.
.  
arcarsenal : 2/15/2019 11:57 am : link
Wow. What a steal.

Awesome.
Having Sevy for the next 5 years at about $10 million a year  
Ace718 : 2/15/2019 11:59 am : link
definitely is a steal. He gave up one year of free agency for a guaranteed $50 million.
That's a good deal for both sides...  
Dunedin81 : 2/15/2019 12:05 pm : link
he gets the insurance against injury and they get cost certainty and a low AAV.
Also makes sense...  
Dunedin81 : 2/15/2019 12:13 pm : link
that they don't want to take Sevy to trial considering what followed the Betances hearing.
RE: Also makes sense...  
Ace718 : 2/15/2019 12:15 pm : link
In comment 14297455 Dunedin81 said:
Quote:
that they don't want to take Sevy to trial considering what followed the Betances hearing.


That was just Levine running his mouth. He seems to have been sidelined now. Don't hear much out of him.
Hurt feelings with a homegrown relief stud...  
Dunedin81 : 2/15/2019 12:19 pm : link
a year from free agency are bad. Hurt feelings with Sevy for another four would have been worse.
How many more years of arbitration did Sevy have?  
figgy2989 : 2/15/2019 12:23 pm : link
.
This is awesome  
Kyle in NY : 2/15/2019 12:24 pm : link
I was a bit concerned about another ugly arbitration hearing and if Severino returns to his first half form this season he'd eventually get much more than that $10 million in his future arbitration years. Great job

Hope we consider something similar with Judge when the time comes.
RE: How many more years of arbitration did Sevy have?  
Ace718 : 2/15/2019 12:24 pm : link
In comment 14297478 figgy2989 said:
Quote:
.

Four including this year. So he gave up just one year of free agency. Assuming Yankees pick up the 5th year option, he will become a free agent at 29.
Hopefully this means Levine isn't calling the shots  
Jay in Toronto : 2/15/2019 12:24 pm : link
Love locking up our home-grown talent
RE: How many more years of arbitration did Sevy have?  
Kyle in NY : 2/15/2019 12:27 pm : link
In comment 14297478 figgy2989 said:
Quote:
.


Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Kyle  
figgy2989 : 2/15/2019 12:28 pm : link
Thank you.
Boras  
moaltch : 2/15/2019 12:30 pm : link
Is going to go berserk about this deal.
RE: RE: How many more years of arbitration did Sevy have?  
Ace718 : 2/15/2019 12:36 pm : link
In comment 14297492 Kyle in NY said:
Quote:
In comment 14297478 figgy2989 said:


Quote:


.



Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.


Sevy was a super 2 player so had 4 years or arbitration not 3.
RE: RE: RE: How many more years of arbitration did Sevy have?  
Kyle in NY : 2/15/2019 12:41 pm : link
In comment 14297511 Ace718 said:
Quote:
In comment 14297492 Kyle in NY said:


Quote:


In comment 14297478 figgy2989 said:


Quote:


.



Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.



Sevy was a super 2 player so had 4 years or arbitration not 3.


Ah ok, so three years remaining. Yankees bought out remaining arb years plus his first free agency year should they exercise the option in 2023
Does this help or hurt with our pursuit of Manny or Harper?  
The_Boss : 2/15/2019 12:46 pm : link
I jest....
I think this deal is very one sided  
johnnyb : 2/15/2019 1:02 pm : link
True he is guarding against injury, but I think he, or his agent, left a lot on the table. deGromm scored $17 Million in arbitration. Salaries are moving higher, not lower. $10 Million average and $15 Million five years from now is a bargain. Good for the Yankees to pull this off.
DeGrom had this year and one more of arb...  
Dunedin81 : 2/15/2019 1:05 pm : link
Severino has four. I fervently hope he throws 180 IP all four, but that's unlikely. And he'd have to take significant steps forward to be in DeGrom's territory for money, at least in terms of consistency. The Nola deal was a solid benchmark, and Nola surrendered two years of FA, Sevy just one.
RE: That's a good deal for both sides...  
yatqb : 2/15/2019 1:23 pm : link
In comment 14297446 Dunedin81 said:
Quote:
he gets the insurance against injury and they get cost certainty and a low AAV.


Bingo! Exactly.
Assuming Severino stays healthy  
johnnyb : 2/15/2019 1:25 pm : link
and pitches well, the $15 Million five years from now will be below the average salary for a starting pitcher. Today, 2019, $10 Million goes to someone who can keep their ERA below 5.00. The 5th year option makes this contract one sided IMO.
What was he due to make this year?  
NoGainDayne : 2/15/2019 1:30 pm : link
If we are saving money on this it could mean we have another move in mind.
This is awesome for the Yanks.  
Mike from SI : 2/15/2019 1:34 pm : link
And while Sev could have maybe held out for a little more, he is now set for life.
RE: What was he due to make this year?  
Ace718 : 2/15/2019 1:45 pm : link
In comment 14297582 NoGainDayne said:
Quote:
If we are saving money on this it could mean we have another move in mind.


He would have gotten around $5 million in arbitration. Yankees aren't saving money because the AAV counts when it comes to luxury tax. It'll be around a $10 million hit on the payroll. More than what it would have been.
Great deal for the Yankees  
Greg from LI : 2/15/2019 2:02 pm : link
A potential ace at below-market price.
if he was arb eligible 2019-2222  
PaulBlakeTSU : 2/15/2019 3:28 pm : link
then about what would have made made in those years if he won arbitration?

How much above the $40 million that he'll get in those years did he leave on the table? He also left some money on the table likely by foregoing a year of free agency for $15mm.

I'm just curious how much he potentially (or realistically) left on the table to get the guaranteed payout now.
If Severino in 2019 is like the Severino in...  
M.S. : 2/15/2019 3:44 pm : link

...the first half of 2018, then the Yanks got an amazing deal.

If Severino turns out to be the pitcher of the second half of 2018, well, maybe then it's not such a great deal.

Will the real Luis Severino please standup. Please stand up.
Next up  
dune69 : 2/15/2019 3:46 pm : link
Judge
Judge is likely a year away but I hope he's next,  
yatqb : 2/15/2019 4:03 pm : link
and that Sanchez has a comeback that makes him a priority too.
RE: If Severino in 2019 is like the Severino in...  
Mike from SI : 2/15/2019 4:05 pm : link
In comment 14297732 M.S. said:
Quote:

...the first half of 2018, then the Yanks got an amazing deal.

If Severino turns out to be the pitcher of the second half of 2018, well, maybe then it's not such a great deal.

Will the real Luis Severino please standup. Please stand up.


Well if he's a mixture, it's still a good deal. I think probability wise, we got a good deal.
.  
arcarsenal : 2/15/2019 5:25 pm : link
Passan still saying the Yanks are in on Machado - and there's a rumor that Harper has chosen a team. Not sure if any of this is true... but hey, why not keep going with these 2!
RE: .  
Strahan91 : 2/15/2019 6:03 pm : link
In comment 14297795 arcarsenal said:
Quote:
Passan still saying the Yanks are in on Machado - and there's a rumor that Harper has chosen a team. Not sure if any of this is true... but hey, why not keep going with these 2!

Got a link? His column earlier listed the Yankees amongst the teams that have expressed interest but he didn't say how recently unless I misread.
If this were several years ago, back in different market conditions  
Anando : 2/15/2019 6:13 pm : link
I feel like Sevy would've been commanding $15-18M / year

Def a great deal
players need a new CBA  
RasputinPrime : 2/15/2019 6:37 pm : link
where they get properly compensated for their prime years. This shit is just awful.
RE: RE: .  
arcarsenal : 2/15/2019 6:41 pm : link
In comment 14297810 Strahan91 said:
Quote:
In comment 14297795 arcarsenal said:


Quote:


Passan still saying the Yanks are in on Machado - and there's a rumor that Harper has chosen a team. Not sure if any of this is true... but hey, why not keep going with these 2!


Got a link? His column earlier listed the Yankees amongst the teams that have expressed interest but he didn't say how recently unless I misread.


I may have read what you did - I thought somewhere in there or in the headline I grabbed it from that he said NYY were still checking in and are still in the mix. Not too newsworthy, but it does seem like the Yanks continue to be linked to Machado especially and I am thinking the longer this continues to go on, the better the odds are for us to come away with one of these guys.

I definitely don't feel like the Yanks need either of them - but if the contract demands change a bit or present an opportunity for us to swoop in and get a Machado on some sort of lesser-term, high AAV deal with option(s), I'm obviously hard-pressed to find any reason to be opposed.
RE: players need a new CBA  
BigBlueShock : 2/15/2019 6:42 pm : link
In comment 14297832 RasputinPrime said:
Quote:
where they get properly compensated for their prime years. This shit is just awful.

Why the hell do they need 10 year contracts to be considered “properly compensated”? If they’d come back to earth and accept more reasonable number of years there is no doubt they’d be getting that proper compensation annually. Why should teams be forced to hand out $30M of guaranteed money for the next decade for it to be considered proper compensation? That’s ludicrous
.  
arcarsenal : 2/15/2019 6:48 pm : link
It's the arb years that are the issue - guys like Jacob deGrom are stuck peaking and unable to get their cut in the open market because the Mets can continue to play the arbitration game until he's like 32 years old and then just kick him to the curb without ever giving him long term money.

It winds up putting many players in a position where they are essentially slaves to their teams and their arb rulings/agreements.

It took deGrom a historic, Cy Young year to bump his number up to 17M for this year. Which is still significantly less than the best pitchers in the game on LT deals are making (i.e.. Scherzer/Verlander)

Matt Harvey is a cautionary tale for a lot of players.
RE: .  
Mike from SI : 2/15/2019 6:50 pm : link
In comment 14297840 arcarsenal said:
Quote:
It's the arb years that are the issue - guys like Jacob deGrom are stuck peaking and unable to get their cut in the open market because the Mets can continue to play the arbitration game until he's like 32 years old and then just kick him to the curb without ever giving him long term money.

It winds up putting many players in a position where they are essentially slaves to their teams and their arb rulings/agreements.

It took deGrom a historic, Cy Young year to bump his number up to 17M for this year. Which is still significantly less than the best pitchers in the game on LT deals are making (i.e.. Scherzer/Verlander)

Matt Harvey is a cautionary tale for a lot of players.


Thanks, I was just going to post this. In the past, the players were more ok with the arb years because teams were handing out dumb long-term contracts that (partially) paid for past performance. The teams wizened up and aren't doing that any more, which is smart, and their right. But now the players will want fewer arb years so that they can get paid for exceptional performance. I'm hopeful the sides can reach an agreement.
RE: RE: players need a new CBA  
RasputinPrime : 2/15/2019 6:55 pm : link
In comment 14297837 BigBlueShock said:
Quote:
In comment 14297832 RasputinPrime said:


Quote:


where they get properly compensated for their prime years. This shit is just awful.


Why the hell do they need 10 year contracts to be considered “properly compensated”? If they’d come back to earth and accept more reasonable number of years there is no doubt they’d be getting that proper compensation annually. Why should teams be forced to hand out $30M of guaranteed money for the next decade for it to be considered proper compensation? That’s ludicrous


Who said anything about 10 year contracts?

Since owners are no longer allowed to look the other way with PEDs, the prime years are between 24-31. the MLBPA better be fighting hard to ensure the next CBA makes sure owners are getting those years for a song. What Severino is making through age 30 is far below market value should he merely sustain his current level.

If advanced stats are all the craze then how about franchises paying in relation to the player's WAR?
RE: RE: players need a new CBA  
rich in DC : 2/15/2019 6:57 pm : link
In comment 14297837 BigBlueShock said:
Quote:
In comment 14297832 RasputinPrime said:


Quote:


where they get properly compensated for their prime years. This shit is just awful.


Why the hell do they need 10 year contracts to be considered “properly compensated”? If they’d come back to earth and accept more reasonable number of years there is no doubt they’d be getting that proper compensation annually. Why should teams be forced to hand out $30M of guaranteed money for the next decade for it to be considered proper compensation? That’s ludicrous


People forget that they are not 9-5 workers- they are entertainers- and entertainers who are not replaceable. As such, they ARE the product. No one is paying money to see the Yanks front office take the field- they are there to see the best baseball players in the world.

To make it even more simple- no star players, no fans. The owners tried that once with the scab players- fans were not willing to pay ML money for guys who were not ML quality.

Since the players make owners the money, owners need to share the money with them. After all, if front office brilliance was what fans cared about, the Rays would lead the league in attendance. No, fans pay a TON to see the Yanks because the Yanks spend the money to get the best players they can get (though not getting Machado seems strange- not going after Harper I can understand- his ego wouldn't make it through the clubhouse door).

Remember that most owners don't do anything to make extra $$$- they let TV revenues pour in, negotiate sweetheart deals with Regional Sports Networks (who don't care about the cost because they get the cable companies to pay for it in fees- don't believe me, look at your cable bill) and by fans going to the game.

Players make that money because fans and TV won't pay for non-MLB players. Thus, they have as much, if not more right to the majority of that money than the owners do.

The Yanks and Red Sox get a small pass because they do spend a lot on payroll- in contrast to about 15 teams that just live off the other 15 teams.

For Harper, Machado and the other big FA, THEY make the money for their teams. Fans come to see the STARS. It is a crime that owners are hoarding the money they make on the players when most owners haven't done a thing to earn it.

That is why not giving Harper and Machado $30M+ over 10 years is wrong- those contracts pay for themselves for many teams- not sure it is right with the Yanks and Red Sox- they have many stars and one more big name probably doesn't move the needle much there. But in Chicago, Philly, etc- there is no reason not to give it to them.
Great move  
JPinstripes : 2/15/2019 8:17 pm : link
to lock up Severino.

As for the other noise in this thread, I honestly don't care at all where the unsigned FA Megastars sign and how much they sign for.

This years Yankee team will be a strong contender for a championship as currently constructed.
rich, no problem with Harper  
section125 : 2/15/2019 8:33 pm : link
or Machado getting $30-$35 mill per. They are worth it. You are correct the players, especially the stars are what the fans come to the park for. When I was a kid, we'd get my mother to take us on a school night to see Reggie Jackson and Vida Blue.
But I just cannot go for the 10 years. 6-8 yrs, no problem. Even a higher AAV than $35 mill for that 6-8 years.
To piggyback on Rich...  
Dunedin81 : 2/16/2019 8:57 am : link
What the teams are doing isn't capitalism, it's a state-sanctioned (often subsidized) cartel. Downside risk is minimal. To my knowledge, when you factor in capital appreciation no team in the four major sports has lost money over a five year period in twenty years. Revenue distribution to players in the 48-52% range would be consistent with the other major sports. Now it's tricky to value because the teams themselves often seem minimally profitable. But the entities that control them, which can include RSNs, concessionaires, and other revenue streams, virtually always are.
Do many NHL, NBA or NFL players receiver 10 year deals?  
xman : 2/16/2019 7:07 pm : link
MLB owners have plenty of risks and costs. There is no guarantee for them. Maybe fan interest takes a dive. Revenue goes south. Various costs spiral from lodging to insurance.Its tough running a biz

Owners employ lots both players and non-players Does the NBA, NFL and the NHL have the cost of an extensive minor league ??

Owners are doing what the players do; make as much as possible. But owners employ lots and lots of people. Owners contribute and reinvest in the team.

RE: Do many NHL, NBA or NFL players receiver 10 year deals?  
rich in DC : 2/16/2019 7:25 pm : link
In comment 14298501 xman said:
Quote:
MLB owners have plenty of risks and costs. There is no guarantee for them. Maybe fan interest takes a dive. Revenue goes south. Various costs spiral from lodging to insurance.Its tough running a biz

Owners employ lots both players and non-players Does the NBA, NFL and the NHL have the cost of an extensive minor league ??

Owners are doing what the players do; make as much as possible. But owners employ lots and lots of people. Owners contribute and reinvest in the team.


If this were true, you would have a small point.

However, the reality is that most minor league teams are independently owned. The Yanks and a handful of other larger market teams have purchased affiliates.

Furthermore, you undermine your own case by citing to the minor leagues. The minor leagues are currently in the middle of a class action lawsuit alleging that the players do not earn a living wage and in fact, make less than minimum wage for the time they spend doing team activities.

In other words, the people the fans pay to see- the players- are once again getting taken advantage of by the owners.

There are costs to running a team- but there are NO unprofitable teams. In fact, TV revenue has spiked massively in the past decade, while most team payrolls have not matched the rise. Some teams have built stadiums (and have mortgage and interest payments), but many stadiums were built with a heavy does of public funding.

Teams like the Red Sox, nats and Yanks spend heavily to try and win. They invest in star players- but the short-sightedness of the small market owners- who demanded luxury tax limits and IFA/draft hard spending caps- do not spend on those players and often let them go in FA.

Finally, the team owners are generally independently wealthy and do not rely on the team for income. Ironically, the Yanks are one of the few teams that the family owning the team make most of their money from the team.

The Pollads (billionaires) own the Twins. The Ricketts (outside family business) own the Cubs. Even the Royals are owned by a former WalMart CEO (who bought the team for $96M). The Marlins may have Jeter as the face of the franchise, but the owner who put the real money into the team is a billionaire money management company owner.

The Yanks happily run a $200M+ payroll without much effort. They spend on stars because that's what fans pay the big money for.

Teams like the Twins and Marlins rarely exceed $100M with payroll, and even if you add in the additional costs to run a team, still turn a profit before you even consider the revenue sharing and TV/licensing money they get from MLB.

That money should go to the players, not the hangers-on making a living off other people's work.

If the players go on strike, even if the owners wanted to run scabs out there, people would not pay ML to see them. People don't want to see the front office on the field. They want the best players and a winning team. Pay the players and they will come.
Let the players start their own league if the owners are a net zero  
xman : 2/16/2019 8:40 pm : link
Its not that simple.
Pages: 1 2 <<Prev | Show All |
Back to the Corner