Jan 18, 2012, 5:03 PM EDT
With the 30-day negotiating window set to expire this afternoon Yu Darvish and the Rangers have agreed to a six-year contract that will bring the Japanese phenom to Texas, with Jeff Passan of Yahoo! Sports reporting that the deal is worth $60 million with an additional $10 million in potential incentives.
Last month the Rangers bid $51,703,411 for exclusive negotiating rights to Darvish, who at age 25 has won two Pacific League MVP awards and is 93-38 with a 1.99 ERA in seven seasons.
That posting fee goes to Darvish’s old team, the Nippon-Ham Fighters. Had the two sides not reached an agreement on a contract the Rangers would have been refunded the entire amount and Darvish would have remained in Japan for this season.
With a total investment of nearly $112 million the Rangers are paying about 10 percent more for Darvish than the Red Sox did for Daisuke Matsuzaka in 2006, when they spent $51,111,111 on the posting fee and signed him to a six-year, $52 million contract. Matsuzaka has been a disappointment in Boston with a 4.25 ERA in 105 starts while struggling with injuries and control, but Darvish is generally considered a better, higher-upside pitcher than Matsuzaka was in 2006.
Darvish essentially replaces C.J. Wilson in the Rangers’ rotation for about $34 million more, although with Neftali Feliz expected to become a starter after two years as Texas’ closer one of Alexi Ogando, Matt Harrison, or Derek Holland is bullpen bound. Ogando, who spent his rookie season as a full-time reliever before having success as a starter last year, has already said he’d be willing to move back to the bullpen to make room for Darvish.
- The Cubs to announce the hiring of Joe Maddon on Monday 9
- Cubs fire manager Rick Renteria, clear way for Joe Maddon 48
- HardballTalk’s Top 150 Free Agents for 2015 22
- Joe Maddon’s pursuit of the Cubs job called “a classless act” by some in the game 112
- Kevin Youkilis opts for retirement at age 35 30
- 10 nominees for Hall of Fame’s Veterans Committee announced 106
- Bochy’s championship resume ranks among game’s best 19
- Alex Gordon would have been a dead duck had he tried to score 82
- A veteran says enough is enough when it comes to tributes for the soldiers (281)
- Jose Canseco shot his middle finger off (148)
- Shocker! Joe Maddon to opt out of his contract and leave the Rays (142)
- Oscar Taveras dies after car accident in the Dominican Republic (140)
- Joe Maddon’s pursuit of the Cubs job called “a classless act” by some in the game (112)