CC Contract Spreadsheet
Play around with this, critique it all you want, tell me what it's missing. Do what you want, rip it to shreds, what do I care, it's what I do instead of working.
Biggest factor affecting the PVs is the PV of the NEXT contract CC will sign, and when he'll sign it. The built in assumptions are that he stays healthy, and will be able to sign a bigger deal (in terms of PV) in 5 years than he will in 6 years.
http://spreadsheets.google.com/ccc?key=piOl0m1moh_9sSdNpeelZQw
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pitcher for the Padres
Jake PV.
"I will agree that the attitude [at BCB] is ridiculous and they have done so much to instigate animosity and then block us from responding. Real mature!"
by roguejim on
Nov 19, 2008 2:06 AM CST
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Present Value
The Bambi's Bombers won because they played the game like kids! Let's do that again!!!
by 80badger on
Nov 19, 2008 8:29 AM CST
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good job
Unfortunately, there’s no way they care about that though.
I’ve often wondered why MLB doesn’t front load contracts, the present value would be much higher with a front loaded contract. Since the contracts are guaranteed, I’m not sure why no one does that. Additionally, with inflation sure to rise over the life of whatever contract he signs, it would seem prudent for the player to get a front loaded contract.
by KDean75 on
Nov 19, 2008 9:15 AM CST
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Good stab
Good shot at it but what’s missing is the incremental non-contractual income that CC can just rake in from appearances, endorsements, etc.
Plus, no Yanks live on Long Island. They are up in Westchester, Northern NJ or NYC. No real difference in costs, but just being factually correct!
by jnr98 on
Nov 20, 2008 12:18 PM CST
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but...
JLo lives on Long Island…
(and, technically, so do I. and why wouldn’t CC want to be my neighbor?)
Also, cheese.
by Jeff Sackmann on
Nov 20, 2008 3:58 PM CST
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You'd probably keep him up all night
with all that blogging.
"I will agree that the attitude [at BCB] is ridiculous and they have done so much to instigate animosity and then block us from responding. Real mature!"
by roguejim on
Nov 21, 2008 7:01 AM CST
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Right, but there’s a litany of assumptions that need to be added for this to be an exhaustive model. For example, it wouldn’t be hard to research pitchers similar to CC and their injury patterns given his age to set up a probability based simulation of his health over the next 6 years and attempt to quantify a risk load that’d need to be added in order to entice him to take a shorter contract.
Obviously the COL changes over time, as do interest rates, as do major league salaries. Also missing are any potential options added, any incentives that might be built into the contracts.
It’s obviously not an exhaustive model, like the one I hope is used by agents, if not, I need to start mailing out business cards. It’s meant to illustrate that there’s other factors than years and dollar amounts that need to be considered when comparing contracts.
by Mykenk on
Nov 20, 2008 9:10 PM CST
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sounds like you did that
Its difficult for me to understand the spreadsheet, but I’ll accept that as my limitation. The general idea got across though and it is a good discussion.
I know I’ve heard that Boras presents potential FA suitors with a binder that sounds long and comprehensive in descriptions.
I wonder if the Brewers still have the one for Eric Gagne. Chapter I – don’t pitch to Corey Patterson or Paul Bako.
by ol Pete on
Nov 20, 2008 9:35 PM CST
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