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UPDATE: Justin Masterson wants $40-60 million over three or four years

Mar 4, 2014, 11:30 PM EST

Justin Masterson Getty AP

UPDATE: Paul Hoynes of the Cleveland Plain Dealer reports that Masterson and his agent have made a three-to-four-year proposal to the Indians which is believed to be in the $40-60 million range. They are currently waiting to hear back from the team, but the request sounds pretty reasonable.

8:51 p.m. ET: Justin Masterson can become a free agent after this season, but he expressed optimism over the weekend about agreeing to a contract extension with the Indians. This report from CBS Sports’ Jon Heyman is another hint that things are moving in the right direction:

Indians star pitcher Justin Masterson named his price in contract discussions with the team over the weekend, and word is, he could be amenable to a shorter-term deal than the free-agent market would likely warrant, perhaps even as little as three years, depending on the price.

Masterson’s agent, Randy Rowley, suggested a figure in talks Saturday with the Indians, and while that number isn’t known, and there’s work to do, there is said to be a decent feeling among Indians people that they may be able to work something out with the right-hander, if not immediately then perhaps by the end of spring. Indians GM Chris Antonetti declined comment.

There was some speculation that Masterson would look for a deal similar in structure to Homer Bailey‘s recent six-year, $105 million extension with the Reds, so this is a very positive development for the Indians. Rowley told Heyman that Masterson is motivated to stay with Cleveland because of his admiration for Terry Francona and his teammates as well as his family situation. However, while they might see eye to eye as far as years, the price remains a question.

Masterson, who turns 29 later this month, recently avoided arbitration with the Indians by agreeing to a $9.7625 million contract. He’s coming off a 3.45 ERA and 195/76 K/BB ratio over 193 innings last year.

  1. ryanprzy - Mar 5, 2014 at 2:24 AM

    wut

  2. haytammy - Mar 5, 2014 at 2:25 AM

    Hilarious.

  3. whmiv21 - Mar 5, 2014 at 2:50 AM

    Awesome. At that price, the Indians should get this thing done.

  4. uyf1950 - Mar 5, 2014 at 7:13 AM

    The Indians are crazy if they don’t jump all over this offer for Masterson. Homer Bailey signed for an AAV of $17.5MM per on a 6 year deal with a huge 7th year option. Anything around $17.5MM per for Masterson for either a 3 or 4 year deal is an unbelievable bargain. Three years at $52MM total or even 4 years at $65 to $70MM total is a steal for the Indians. Simply put Masterson is a better pitcher and worth more than Bailey so I say again if the Indians let this opportunity pass they are crazy.

  5. chargrz - Mar 5, 2014 at 7:21 AM

    Like the song says ” Hit the Road Jack”.

  6. janessa31888 - Mar 5, 2014 at 7:31 AM

    If the Indians don’t get this done, well, I will be furious. I am tired of the rich owners acting like they have no money and dumping good starting pitching. Without Justin, we have an average to dreadful rotation. I am not pinning my hopes on Salazar yet. Don’t care for Bauer (not reliable) or Carrasco (unless he learns to control himself and be professional instead of headhunting.

  7. thetooloftools - Mar 5, 2014 at 11:21 AM

    He’ll be pitching to an empty house again. The Indians have announced the return of “Dynamic Pricing” which means if you walk up to see a ball game they won’t sell you anything less then a $22.50 ticket. It’s a total rip off. Teams that finish in the bottom 95% of attendance cannot afford to have 1/2 the stadium empty because people who can’t afford it, go to way fewer games and thus spend overall way less money.

    • janessa31888 - Mar 5, 2014 at 1:17 PM

      I hear that gripe a lot. What’s wrong with ordering in advance?

  8. campcouch - Mar 5, 2014 at 7:47 PM

    Sounds reasonable.

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