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Sunday, November 19, 2006

Report: Cubs Sign Soriano For 8 Years/$136M

The AP is relaying a report from ESPN 1000 in Chicago that Alfonso Soriano has signed an 8 year/$136M deal with the Cubs.

I'm relieved for the Angels that they didn't make this big a mistake, and saddened for the Cubs, who have one heck of a mistake contract on their hands if this is true. Reaction at BCB seems to be fairly negative.

Update: Now being reported by the Chicago Tribune and MLB.com. BTF snark is here.


Comments:
as a Halo fan, i'm thrilled!! what's your better half's feeling about this, Rob?
 
I have nothing but love for the Cubs, and hope to god this one works out.

basically though, he's going to have to repeatedly put up numbers like this year, and you can't REALLY see him doing that for 8 years?

But at least, the Cubs are finally spending some money on a premier free agent.
 
Yeah, this is the perfect example of two sides to a coin. Mostly I'm glad, 'cause I do think that this will significantly improve the Cubs, who need significant improvement, but also because it shows that management is serious about putting a better team on the field.

I will acknowledge that this contract is likely to be despised in four or five years. However, this is a team that got out from under Sammy Sosa at $18M per year, so I have some faith that they might get out from under this one if necessary.

I think it's important to note that the Cubs are different from any other team in this one, small way: They are on the verge of celebrating the 100th anniversary of their last World Series championship. This sort of thing leads to interesting offseasons.

It is also interesting to watch your team negotiate salaries that the current ownership knows it won't have to pay. (i.e. Buyer beware.)
 
At least this is a contract the Angels couldn't have matched even if they wanted to: under California law, no personal services contract may exceed 7 years in length. I've never understood why baseball allows contracts longer than 7 years (there's a 7-year limit on NBA deals), since not every team could offer such a contract no matter what the finances are.
 

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