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.

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9 Comments

  1. don says:

    THey didn't take advantage of the big DUD did they.....Bet Scott Boras is NOT his agent.......

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  2. rayray says:

    Way to go Wade, staying home in Fla, now pitch light out and help us defend our AL East Div Championship....

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  3. brett says:

    Hey Cork, do you have any insight as to how MLB players get paid? I've always wondered about this when I see "player x will make 1 million dollars in 2011". Does that mean he gets a check for $38,461.54 every two weeks (minus taxes of course) for the entire year? Or do they only get paychecks during the season? I like to equate it to biweekly paychecks because that really puts it in perspective and makes it easier to understand just how much money they are pulling down.

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    • Cork Gaines says:

      Players are only paid during the regular season and it is typically twice a month. However, I'm sure some players have contracts that stipulate something different.

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      • Sarah says:

        Would that include Spring Training?

        I always wondered as well about the non roster invitees who come to camp - whether they get paid for their time, or have to eat the cost of trying to make the team.

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        • Cork Gaines says:

          Paychecks don't start until the regular season. Players in camp get room and board. There is probably also a per diem. But again, veterans may get their contracts worded a little differently.

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      • brett says:

        Interesting. So Wade gets a check for about 83k twice a month for 6 months out of the year. Not too shabby.

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  4. Joe says:

    I love this deal. Wish we could afford Price but nice to have a young arm around for a while. Speaking of, any doubt that Hellickson would be ready are officialy gone, he went 6 innings today. Let's get this started.

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