Rays & DeJesus Come To Terms | The Process Report

Rays & DeJesus Come To Terms

Update The DeJesus extension was made official by the club this morning. The two sides have agreed to a two-year contract covering 2014 and 2015 with a one-year club option for 2016. The extension, worth a guaranteed $10.5 million, replaces the 2014 club option that was exercised by the Rays on Sunday. DeJesus will make $4.25 million in 2014, $5 million in 2015 with a $5 million club option for 2016 or a $1 million buyout. There is also a signing bonus valued at $250k.

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November 5 In a somewhat puzzling move, the Rays exercised their $6.5 million option on David DeJesus this weekend. It was even more curious when it was rumored that the team and player were nearing a multi-year extension. We now have some numbers via Ken Rosenthal that clear things up a bit.

According to Rosenthal, the Rays and DeJesus have agreed to a two-year extension worth $10.5 million with an option. The deal is not yet official and the value of the option not yet revealed. That said, the important piece is the guarantee which represents a more Rays-like figure.

The going rate on a win above replacement level varies depending on the source, but it seems to be somewhere in between $5-7 million publicly and perhaps more to some teams internally. At just over $5 million per season, the Rays should get adequate value from DeJesus even if the deal is a bit closer to market than we are used to seeing. It may also say something about where the Rays’ front office sees the market going.

Earlier today, Jon Heyman posted his annual free agent ranking with estimates on contracts from Heyman, an agent and a general manager. Earlier this month we rattled off some DeJesus’ alternatives including David Murphy and Nate McLouth. Heyman’s list has Murphy making between $5-6 million a year with McLouth estimated to make between $4-6 million. Of course this is conjecture, but the three men polled likely have a better feel for the pulse of the market than most.

If reality plays out similar to the guesses, the Rays — with first-hand knowledge of DeJesus as a player and teammate — will have retained a solid piece of the puzzle at a fair price (or better) without the added hassle and worry of outside interference.



One Comment

  1. tbs wrote:

    umm, it’s Nate McLouth

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