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The details of the Holliday deal

Jan 6, 2010, 8:30 AM EDT

In the excitement of the announcement of the Matt Holliday deal, the Randy Johnson retirement announcement and what was probably one of the least inspiring BCS bowl matchups in recent years, I neglected to break down the details of the Holliday contract, but they’re as follows:

  • Holliday will receive $17 million for each season from 2010-2016;
  • If he finishes in the top-10 in MVP
    balloting in 2016, a $17 million option vests for 2017. There is a $1 million buyout if the option does not vest;
  • Calling it an “option” however, may be a misnomer. There is no club discretion here: if he finishes 10th or better in the MVP voting, he gets it. I guess it could be a player option, but those of you who think that a 37 year-old Matt Holliday will be in a position to decline a check for $17 million probably need to get some professional help;
  • He
    has full no-trade protection.

All in all, it’s a guaranteed value of $120 million,  with a potential
value of $136 million. 

Personally, I would love to hear how this negotiation went.  If, say, the Cardinals had offered him six years and $90 million, what would Holliday have done?  What other team would have come in with that money?  Did they even try? We never really know how these sorts of things go, but unless we learn that some other team was really and truly bidding on Holliday — and to date we’ve had no credible reports of a competitor for his services — I’m forced to believe that the Cardinals bid against themselves. 

No matter the case, nice deal Boras. You got your guy the contract not many people thought he’d ever get. 

  1. Fast Eddy - Jan 6, 2010 at 9:39 AM

    Craig, I have one question for you. If no one thought he would be worth the 17 mil, how do you suppose Bay is worth the 16+ Mil. he got? Do you really believe Bay is worth as much as Holliday? If Cinti had a chance to sign him at that money, I think ole Jockerty would have done it.
    Fast Eddy

  2. Jason @ IIATMS - Jan 6, 2010 at 10:06 AM

    I continue to be impressed with Boras and his ability to land his biggest fish the biggest contract, bigger than the market would have otherwise dictated.
    He got the Cards to bid against themselves in Mets-like fashion and boosted the offer.
    No, it’s not Teix-like money, but it’s damn good in this economy! What collusion?!?

  3. J Ray - Jan 6, 2010 at 10:43 AM

    Word is that there is alot of deferred money in the contract and the most the Cards will pay him is $16 mil a year. If that is true then the cardinals pulled off a great deal in light of the upcoming Pujols contract.

  4. APBA Guy - Jan 6, 2010 at 12:25 PM

    Boras did what he gets paid to do. What’s amazing is the number of years and the full no-trade protection.
    What’s also amazing is that the Jason Bay AAV of $16.5, set in New York, was the baseline for the Holliday price.
    Now Boras has two months to find Damon a home. I wouldn’t bet against him.

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