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Appearing on the Max Kellerman Show, ESPN 1050’s Andrew Marchand said he was told the Mets will likely be unable to insure 
Johan Santana’s contract against injury because of the length and amount of money given to a pitcher.
…well, this should not be a surprise…if you recall, i had been saying the cut off would likely be five years…santana is guaranteed six…so, there you go…
Speaking of Santana’s contract, according to Ken Rosenthal in an article for FOXSports.com, the present-day value of his deal is $123.1 million, not $137.5 million.
Lastly, in a report for SI.com, Tom Verducci explains that at 4:55 pm, five minutes before the deadline for a deal, Santana nearly walked away from the negotiations.
Scary that it was that close to falling apart.
but it didnt thank god
guess we were right to be a bit panicky
I know it doesn’t matter because it got done, but the fact that this deal almost fell apart over $5 million is astounding, considering what they’ve spent $5 million on in recent years…
whatever. verducci’s the same guy who chose Rollins as mvp because Holliday plays in a hitter’s park.
HAHAHA….I love that reasoning. Citizen’s bank park is not a hitters park…wow thats news to me.
Imagine our offensive numbers in that place…wow
But also imagine last year’s pitching in that place..yea dont want.
Verducci’s full of crap. Santana was just trying to make it to Mama’s of Corona before they closed at 5. ;)
Regarding the insurance, I’m terribly uneducated as to how this works. Is it really all or nothing? Meaning, it isn’t possible to get up to a certain amount of years insured, leaving 1-2 uninsured years?
That’s what I was thinking. If the maximum that they will insure would be 5 years, they would at least insure the first 5. Of course, he won’t be making the same amount each year, so there could be a problem about what dollar amount to insure. But still…there has to be a middle ground somewhere.
I would think that at minimum, the Mets could sit on the contract for a year or two and then be able to shop for insurance on the remainder of the contract. Who knows, maybe there’s language in the current contract that allows it to be re-written a year or two down the road under the exact same conditions so that it is insurable. Although I can’t imagine what the difference is between that and insuring part of a contract. I do know that in unusual situations like this these contracts can get awfully complicated in a hurry.
Regardless, Santana’s a Met. And I can’t wait for the four most beautiful words in the English language: “Pitchers and catchers report”…
Thats is exactly what I was thinking…why can’t you take out insurance on years 1 thur 5 (assuming he actually passed his physical clean) then leave yourself exposed for yr 6…once you get to yr 5 take out a yr policy at probably a higher rate considering his age.
If anyone actually knows the possible insurance options out there I’d be very curious as to how it works. The all or nothing scenario that keeps getting painted doesnt seem realistic.
Ahhh Mama’s, that place is fantastic.
I had a feeling it was close.
“No disrespect to you,” Santana said. “But I deserve it. I’ll just go back and pitch and I’ll get it later. Alex Rodriguez is the highest paid player in the game. I’m the best pitcher. I’m not even asking for that [Rodriguez] kind of money.”
Santana was about to walk out of the room when Wilpon and Greenberg agreed to ask Major League Baseball to extend their negotiating window by two hours. The two sides eventually agreed to split the $5 million difference, settling at $137.5 million. The deal also includes Cy Young Award bonuses that could trigger an option year. One of the sources said Santana told Minaya, “You get my clause, I’ll get my Cy Young.”
Santana really does seem like a badass.
LOL, so does that screen name. I laugh out loud every time I see it….kudos!
Agreed…
Ohmy….OHMYHEAVENS!!!!…..OF ALL THE UNBELIEVABLE…..Roger Clemens…..OH MY GOD!!!…
I thought he reemerged from the dead…..
Very funny…..
I’m very flattered.
wowwwwwwww … just wow. Thank God they got that extention and got it done. 5 minutes and he was about to walk out. The guy has supreme confidence in himself … I LIKE that.
do i still get ripped for worrying and calling the wilpons coupons???……I know i was wrong but I knew it took to long for a reason
“Also, the present-day value of the deal is $123.1 million, not $137.5 million, according to the players’ union. The Mets will defer $5 million per season with 1.25 percent compounded interest, making the deal less expensive in current dollars”
1.25% interest. lol. santana was better off taking a a little less money without deferring any.
Exactly.
Wow, and who is the source for all of this supposed dialogue that went on between Santana and Wilpon?
I don’t think Santana was anywhere near walking away, just like I don’t think the Mets were about to let him walk. It’s a business negotiation, that’s all it was. The Mets had every intention of leaving that room with Santana in the fold.
It’s in the SI article.
I was surprised but thank god they got it done. I knew it was close.
I know it’s in the SI article, but he doesn’t even cite a source. I feel like I am reading a piece of fiction there. It makes for nice drama, but that’s all it is. According to him, there were 6 people in the room, so I wonder who is the big mouth if this article is true…
Yea I was wondering the same thing…I picture him on the outside of the door with a glass up to his ear…
none the less…I like santana’s attidue… He’s fiery.
totally agree
johan knew he had the mets in a tough situation, so he played that card to get what he wanted. its all part of negotiating! no big deal..it got done so.
Come on people, you never played hard to get?
It works every time.
In comparison to A-Rod, I just look at the signing like this:
Johan Santana will be far more valuable to the Mets than Alex Rodriguez will ever be for the Yankees.
Thus, he was justified in asking for whatever he wanted…
So true, just look at the impact that Beckett had on the Red Sox this year in the post season. An ace, sure fire #1 starter can change an entire season, and more importantly, dictate the outcome of a short series in the post season.
Only if you have something worth getting. :-)
And he seemed to be such a quiet, soft spoken guy at the press conference….!!
He probably is. So was Zorro, remember?
“Now, after a lunch made by the mother of Jose Reyes and a tour of the Mets’ soon-to-be-open, state-of-the-art Dominican academy, [Fred] Wilpon was hosting a dinner on Monday night in a Santo Domingo restaurant. His staff was there and so were Moises Alou and Pedro Martinez.”
reyes that party animal. having dinner with his family and fred wilpon. apparently reyes, pedro, alou all love santana as a person.
I don’t beleive it for a minute – it sound slike something I would write back in high school just to create a story
I can’t see Santana saying that or even coming close to just walking away – Verducci is just trying to make a story out of nothing because he has nothing to write about for another week.
Nice try Tom
Agreed….word for word dialogue. There’s no way unless someone was taping the conversation. Maybe Clemens was in on the conversation and had his tape player going so he could show what a greedy guy Santana is. Who cares if it almost fell through. The key is it didn’t. If the conversation did go like that, I’d only focus on the part where Santana told Minaya to get the clause and he’d get the Cy Young award. That’s all I care about as a Mets fan!
I find it difficult to believe that he was going to walk away from a 100+ million dollar deal to go back to minni. Getting up to leave the negotiation table is the ultimate bluff that Wilpon and company wouldn’t dare call.
I hope that conversation was real….that shows a lot of swagger on Santana’s part, and I love that. I WANT a pitcher who is a bad ass, who knows he’s the best, and goes out there every 5 days ready to prove it. You know Seaver wouldn’t have ever backed down from something like this.
Oh my god, I just read that and you guys are right. That is such bolgna!! He put the conversation in quotes meaning that is word for word what happened in those last 5 minutes. That is so ridiculous. I’m almost certain that it did not go down like that. Who would disclose that information?
I really don’t care what happened at this point, but I’m getting sick of the sports media constantly finding new ways to make the Mets look bad.
I am a bit puzzled by the insurance. Surely it would be more dependent on age and medical history of the pitcher.
Whats the difference between a 5 year contract and a 7 year one? Do pitchers suddenly stop at 36 or 37? How can a 40+ old pitcher be insured for 3 years?
25 year olds with poor actions probably get injured more often than 35 year olds with actions that are tried and tested over long seasons. I would seriously question the story.
I DIDN’T SAY ANY OF THAT, I WAS JUST CONCERNED WITH ERIC VALENT COMING BACK TO THE TEAM AND STEALING MY NUMBER!
One of the things that I like about the way the negotiations went down is that it destroys Buster Olney’s repeated claims that the Mets were in a terrible bargaining position, that they would have to give Santana whatever he asked for, etc. I think this is a fair contract for both sides (given the market), but the Mets did well in terms of maintaining their position in terms of years and dollars. There is simply no way you can look at this agreement after the fact and say the Mets simply rolled over — in fact, almost everybody thinks that this contract is *considerably* less lucrative than what Santana could have gotten on the market as a free agent after 2008. That Santana signed with the Mets, and is evidently happy with the agreement, suggests that he had something to lose as well and did not have all the bargaining power.
There is simply no way you can look at this agreement after the fact and say the Mets simply rolled over — in fact, almost everybody thinks that this contract is *considerably* less lucrative than what Santana could have gotten on the market as a free agent after 2008.
Sounds like that’s what you want to think, in your perfect world. Of course the Mets rolled over, just like the Yankees would have if the deal had fallen through and Santana walked away to sign with them. That’s a New York thing, by the way.
Get your insurance now on this guy. He had a dead arm half of last season and if you get 25 wins out of him over the length of the contract you will be doing well. Of course, if his arm dies out, you can play him in right field (where he’d hit as well as half the NL outfielders) until your “prize” untouchable 18 year old prospect is ready.
Am I the only one who thinks Santana is a greedy SOB?
Seriously, acting like a spoiled brat over 5 million out of a contract that huge?
I would have told him to go F himself. Guess you’re all glad I’m not the owner!
Is the entire contract un-insured?
Can’t they insure the first five years of it at least?
That is a massive financial gamble, thats like buying a space shuttle, finacing it over 6 years and getting no manufacturer’s warranty. Glad its not my money….