Evan Longoria is now in his seventh season with the Rays which means he would have been a free agent after the season if he had not signed a long-term contract six days into his big league career or the subsequent extension added on later.
Over at Business Insider, I took a look at how that decision to grab some security early in his career cost Longoria over $100 million.
That is actually the conservative estimate.
I spoke with Tim Dierkes of MLBTradeRumors.com who knows baseball contracts as well as anybody. Dierkes said that if he was Longoria’s agent heading to free agency, he would probably seek a 10-year, $300 million, which would be bigger than the record $275 million contract signed by Alex Rodriguez.
The reasoning is that Longoria would have been a relatively young free agent (29) with potentially six “elite seasons” on his resume. That puts Longo ahead of Robinson Cano, who was 31 and a lesser player when he signed a 10-year, $240 million contract with the Mariners.
If Longoria would have received a 10-year, $240 million contract this winter, he would have eventually earned $262 million in his career by the time he was 39. That number goes up to $322 million if he were able to land a $300 million contract.
Instead, Longoria will get $151.5 million by the time he is 38 under his current contract.
Longo got security. But he also lost $100-150 million.