Robinson Cano has agreed to a 10-year, $240 million contract with the Seattle Mariners. On the surface it might seem like this means they have less money to spend on David Price, but in reality this means it is more likely that they will trade for the Rays’ ace.
Yesterday we heard that the Mariners were one of several teams that are targeting Price and believe that they have the pieces to get a deal done. But while Price is only projected to make $13 million in 2014, it only makes sense to trade for Price if you also think you can sign him to a long-term contract.
But can the Mariners afford $24 million for Cano and at least $25 million for Price? The short answer is, yes.
The new national television deals mean that all teams have an extra $25 million in revenue to spend this year. On top of that, the Mariners recently signed a new local television contract worth $2 billion over the next 17 years. With an average annual value of $118 million, that is an increase of $73 million over their previous local TV deal.
In total, the Mariners have an extra $98 million in television revenue, every year.
The Mariners also need more than just Cano to be a contender and if they don’t add other pieces, his contract would turn out to be a waste of money. In other words, Seattle needs to add a player like Price to justify their deal with Cano.
The Mariners have made it clear that they are going all-in by signing Cano. But that also means they are not done and Price is probably going to be next.