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Indians Extend Carlos Carrasco through 2022

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Offline  Indians Extend Carlos Carrasco through 2022
#1

Posted: December 06, 2018, 12:58 PM Post
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The Indians inked Carlos Carrasco to an extension. His $10.25M option for 2020 is guaranteed, and he gets a two-year extension for for 2020-21, plus a with vesting option for 2023. The extension covers Carrasco’s age 34 and 35 seasons. The vesting option is for his age 36 campaign.

Carrasco has quietly been a very good - and consistent - pitcher for Cleveland. Over the last five years, he's averaged 4.0+ WAR a season - never lower than 3.1 WAR.

I'm guessing that if Cleveland is serious about trading a starter, Carrasco is probably not the guy they will move.

https://twitter.com/Ken_Rosenthal/statu ... 6284365824

Reported numbers:

2019: $9.75M
2020: $10.25M
2021: $12M
2022: $12M
2023: $14M club option or a $3M buyout

https://twitter.com/ZackMeisel/status/1 ... 4185768960


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Online  Re: Indians Extend Carlos Carrasco through 2022
#2

Posted: December 06, 2018, 1:01 PM Post
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reillymcshane said:
The Indians inked Carlos Carrasco to an extension. His $10.25M option for 2020 is guaranteed, and he gets a two-year extension for for 2020-21, plus a with vesting option for 2023. The extension covers Carrasco’s age 34 and 35 seasons. The vesting option is for his age 36 campaign.

I'm guessing that if Cleveland is serious about trading a starter, Carrasco is probably not the guy they will move.

https://twitter.com/Ken_Rosenthal/statu ... 6284365824


I kinda figured that his affordability in relation to his results already made him the least likely to be moved. I get the feeling that this increases the likelihood that either Kluber or Bauer is moved, though.


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Online  Re: Indians Extend Carlos Carrasco through 2022
#3

Posted: December 06, 2018, 1:17 PM Post
Posts: 3621
Location: New Berlin, WI
These can't be the numbers can they? That's a seriously wild hometown discount...wow!

https://twitter.com/ZackMeisel/status/1 ... 4185768960


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Online  Re: Indians Extend Carlos Carrasco through 2022
#4

Posted: December 06, 2018, 1:18 PM Post
Posts: 3621
Location: New Berlin, WI
I agree it probably isn't Carrasco with that extension. Probably Bauer or Kluber if it happens.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#5

Posted: December 06, 2018, 1:18 PM Post
Posts: 972
Location: Ohio
Today is a happy day for me as I really like watching Cookie pitch in Cleveland.

When word leaked about the Tribe might deal a starter I fully expected Kluber or Bauer to be the guy getting dealt.
The effectiveness of Cookie along with his reasonable cost made him too important for the Tribe to consider dealing him and why I thought of the 3 it would cost the most to get Cookie in a trade.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#6

Posted: December 06, 2018, 1:21 PM Post
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Very nice deal for the Tribe. Cookie is an awful nickname as well.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#7

Posted: December 06, 2018, 1:24 PM Post
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Location: Ohio
KeithStone53151 said:
These can't be the numbers can they? That's a seriously wild hometown discount...wow!

https://twitter.com/ZackMeisel/status/1 ... 4185768960


Remember that 2019 & 2020 had been option years on the previous deal. Those salary's had been LESS before the performance ecalator (for the 2017 Cy Young finish) moved up the amount.

The 2023 option is rather interesting right now. Saw it listed as a VESTING option (which is a HUGE concession for the Tribe) as it would be tied to some performance measurables and ZackM is reporting it as a CLUB option with a $3M buyout..

Not sure how a buyout would work with a vesting option


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Offline  Re: Indians Extend Carlos Carrasco through 2022
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Posted: December 06, 2018, 1:27 PM Post
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Reported numbers:

2019: $9.75M
2020: $10.25M
2021: $12M
2022: $12M
2023: $14M club option or a $3M buyout

https://twitter.com/ZackMeisel/status/1 ... 4185768960

If true, that's a really good deal for the Indians.


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Online  Re: Indians Extend Carlos Carrasco through 2022
#9

Posted: December 06, 2018, 1:28 PM Post
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Location: New Berlin, WI
Patrick Corbin did in 1 year what Carrasco has done in the AL for 4 straight years. The only major difference is age. I guess I can understand Carrasco taking the guarantee at this point considering those 2 extra plus vesting option years will be 34-36. Still a generally good deal for the Indians if production holds up.


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Online  Re: Indians Extend Carlos Carrasco through 2022
#10

Posted: December 06, 2018, 1:38 PM Post
Posts: 3621
Location: New Berlin, WI
https://twitter.com/JeffPassan/status/1 ... 3325706241

For those being relatively impatient, sounds like quite a few people are expecting a ton of movement in the coming days on the SP market.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#11

Posted: December 06, 2018, 6:15 PM Post
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Wow, Carrasco should fire his agent!


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#12

Posted: December 06, 2018, 6:26 PM Post
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wallus said:
Very nice deal for the Tribe. Cookie is an awful nickname as well.

Agreed and agreed.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#13

Posted: December 06, 2018, 7:46 PM Post
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Tough to turn down that much money and security..... but yeah, he could have gotten more.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#14

Posted: December 07, 2018, 2:26 PM Post
Posts: 252
SRB said:
Wow, Carrasco should fire his agent!


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#15

Posted: December 07, 2018, 2:52 PM Post
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rickh150 said:
Tough to turn down that much money and security..... but yeah, he could have gotten more.

If he was on the market now, yes. However Cleveland had all the leverage. To get more money he would have to have been healthy and effective enough over the next two years to get, at 34 a better than 2/27 or 3/38 contract. That might have been possible, but there would have been a lot of risks, and money for older players has been drying up a bit. Charlie Morton is projected to get a 2 /16 deal, so it's not an unreasonable for Carrasco to not break the bank two years from now.


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Offline  Re: Indians Extend Carlos Carrasco through 2022
#16

Posted: December 07, 2018, 5:07 PM Post
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Here's an interesting analysis of the Carrasco signing.

https://www.fangraphs.com/blogs/clevela ... e-clearer/

Carrasco will be 32 in March. He was already under contract through two more seasons (both club options). Those options are now guaranteed with the new deal - netting him $20M from 2019-20. And the then there is the extension - which is for his age 34-36 years - guaranteeing him an additional $27M (or $38M if his 2022 option vests). That's a minimum of $47M and a maximum of $58M.

Without the next contract, those age 34-36 years are not guaranteed money (heck, even the 2019 and 2020 contracts aren't guaranteed as they are club options). We can't forget that pitchers can falter pretty quickly in those years.

Yes, Carrasco could have waited two more years and hit free agency at age 34. If he continued to pitch well, he would have netted a lot more than $38M over the next three years. But again, there's no guarantee.

Also, Carrasco wants to pitch in Cleveland. This keeps him there for a long time, which appears to be exactly what he wanted. He did not want to get traded or be forced to seek work elsewhere.

In the end, it doesn't look like a great deal for Carrasco, but considering the years it covers - and some other factors, he seems to be happy with it.


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