CC Contract Spreadsheet

by Mykenk on Nov 18, 2008 10:27 PM CST Comment 10 comments

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

3 recs | Comment 10 comments

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stupid first question

What is PV?

by ol Pete on Nov 18, 2008 10:54 PM CST reply actions 0 recs

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 up reply actions 0 recs

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 up reply actions 0 recs

cough nominal cough

by HRF on Nov 20, 2008 12:41 AM CST up reply actions 0 recs

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 reply actions 0 recs

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 reply actions 0 recs

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 up reply actions 0 recs

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 up reply actions 0 recs

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 up reply actions 0 recs

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 up reply actions 0 recs

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