ESPN: New York Mets seals deal ahead of five teams including Phillies for Giant’s star in a $60 million acquisition……
More than just Luis Severino’s baseball skills were taken into consideration when the Oakland Athletics made the decision to sign him to a record-breaking contract.
The A’s reached an agreement with Severino last week to sign him to a contract for $67 million over three years.
Although the pact appears to be relatively modest in comparison to the one that Juan Soto received from the New York Mets, the guarantee that was included in Severino’s deal was really the greatest in the history of the A’s franchise.
In his most recent season with the Mets, Severino had a successful comeback season. However, his 3.91 earned run average and 1.24 WHIP across 31 starts do not appear to be figures that any team would be willing to pay a lot of money for.
According to reports, the A’s purposefully increased their budget by paying the 30-year-old pitcher more than he was worth. According to Evan Drellich and Ken Rosenthal of The Athletic, the A’s did so in order to save themselves from the possibility of being the target of a complaint from the Major League Baseball Players Association (MLBPA).
MLB teams are obligated to spend more than 1.5 times the amount of money they get from revenue sharing with their respective local governments. To fulfill the MLPBA’s revenue-sharing obligations, the A’s were required to increase their annual compensation by around fifty million dollars before they could enter free agency.
Severino’s contract, which provides him with an annual salary of $22.3 million, brings the A’s to around half of their goal. Due to the fact that the A’s had the lowest attendance of any team in the major leagues, it is anticipated that the team would receive one of the highest revenue-sharing cheques, which is estimated to be somewhere around $70 million.
In spite of the fact that Severino is on the roster, the team’s planned payroll for the upcoming season is believed to be somewhere around $78 million.
This figure is around $27 million lower than the sum that was anticipated. MLB players who are free agents and are searching for a higher salary know who to call.
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