The Rays today announced that Wade Davis has signed a seven-year extension that could be worth as much as $35.1 million. The first four years of the deal are guaranteed and will pay $12.6 million. Beyond that, there are three team options that would keep Davis with the Rays through 2017.
Here is the full breakdown…
- 2011: $1.0 million
- 2012: $1.5 million
- 2013: $2.8 million
- 2014: $4.8 million
- 2015: $7.0 million (or $2.5 million buyout)
- 2016: $8.0 million (or $2.5 million buyout)
- 2017: $10.0 million (or $2.5 million buyout)
So once again, the Rays are able to lock up one of their young players to a team-friendly long-term deal. The most important aspect is that the deal gives the Rays cost-certainty through Davis’ arbitration years. The guaranteed portion of the contract takes care of his first two arbitration years and the first option would have been Davis’ third (and final) arbitration season.
Barring injury, the Rays will pick up the options. However, there is a good chance that Davis never sees the end of the deal as a member of the Rays. Just like James Shields, who is in the fourth year of his seven-year, $39.3 million deal, Davis will most likely become trade bait as the options get more expensive and younger pitchers become ready for the big leagues.
Still, the Rays now have another commodity that they control for a very long time. What happens to that commodity is now completely up to them.