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Rangers sign Yu Darvish to six-year, $60 million deal, bringing total investment to $112 million

Jan 18, 2012, 5:03 PM EST

darvish getty japan team Getty Images

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.

  1. tcostant - Jan 19, 2012 at 8:19 AM

    Just want to point out since your talking about TOTAL money. The posting fee is NOT part of the calulation for the “tax” that goes to the lower level teams. Texas is right up agaist it or maybe even over it, so this real money saved vs. signing a CJ Wilson.

    • rexryanisablowhard - Jan 19, 2012 at 2:47 PM

      The luxury tax threshold for MLB teams in 2011 was $178M and the Rangers salary was just north of $92M, so unless they upped their obligations by $80M (not even close) this offseason, they are not even close to being right up against it.

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