Team Option Deadline Day in SoxProspects Discussion Forum

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Team Option Deadline Day

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soxprospects	Team Option Deadline Day		Lead	[-]
Posts: 7146 11/09/09 12:02 PM Mike Andrews Editor-in-Chief SoxProspects.com	Tags : None Today is the deadline for the Sox to exercise thir team options on 2010 contracts (five days after the World Series). Going into September, Boston had seven players with team options for 2010: Josh Beckett: Team option automatically vested on September 7. Alex Gonzalez: The Sox declined his option yesterday. According to this report by Alex Speier of WEEI.com, A-Gon has a mutual option and now has two days to decide if he wants to come back on a $6-million annual salary for 2010. Nobody else in the media seems to be talking about this as a possibility. Interesting. The two sides could be negotiating a restructured deal right now. Victor Martinez - $7-million team option. No brainer. Takashi Saito - Option declined, outrighted on October 19. Jason Varitek - $5-million club option likely to be declined. Varitek then would have five days to exercise $3-million player option Billy Wagner - option declined per agreement. Wagner filed for free agency on Thursday. Tim Wakefield - $4-million team option. Likely to be exercised. Last Edited By: soxprospects 11/09/09 12:05 PM. Edited 1 time.
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Nexus		#1	[url]	[-]
Veteran Member Posts: 281 11/09/09 12:41 PM	soxprospects wrote: Alex Gonzalez: The Sox declined his option yesterday. According to this report by Alex Speier of WEEI.com, A-Gon has a mutual option and now has two days to decide if he wants to come back on a $6-million annual salary for 2010. Nobody else in the media seems to be talking about this as a possibility. Interesting. The two sides could be negotiating a restructured deal right now. This is the first report I have seen with a mutual option. Cot's has it listed as a club option. Edit: figured out second part of my post... Last Edited By: Nexus 11/09/09 12:44 PM. Edited 2 times.
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Sibby Sisti	Tim Wakefield-$4mil option	#2	[url]	[-]
Veteran Member Posts: 270 11/09/09 12:51 PM	Suppose the Sox do nothing today on Tim to give them more time to assess the medical reports on his back surgery? Of course that gives another team a shot at picking him up as a FA. But is this realistic? The Sox, if satisfied that he would return to his pre-injury status, could then negotiate a new one year contract, one perhaps built around incentives.
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Yirmiyahu		#3	[url]	[-]
Posts: 581 11/09/09 12:53 PM Forum Moderator	Nexus wrote: This is the first report I have seen with a mutual option. Cot's has it listed as a club option. I'm confused by this too. If both options were $6 million, what's the point of the $500,000 buyout? If that were the case, the team might as well exercise its option rather than throwing $500,000 out the window.
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Nexus		#4	[url]	[-]
Veteran Member Posts: 282 11/09/09 1:08 PM	Yirmiyahu wrote: I'm confused by this too. If both options were $6 million, what's the point of the $500,000 buyout? If that were the case, the team might as well exercise its option rather than throwing $500,000 out the window. This was my original question before re-reading Speier's explanation again: The club has until five days after the World Series to make a decision about whether to exercise its $6 million option for next year. If it declines the option, it must pay a $500,000 buyout. Since it is a mutual option, if the Sox do pick up the option, Gonzalez would then have two days to decide whether to accept or decline the chance to return to Boston on that one-year, $6 million deal. If he declines the option, he also voids the buyout. The buyout becomes void if the Sox had picked up the option and, in that two day window, Gonzo decided to decline. Otherwise, if both he and the Sox decline, he's still eligible for the $500K buyout.
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amfox1		#5	[url]	[-]
Posts: 6322 11/09/09 2:40 PM Senior Forum Moderator	VMart's option was exercised today. Yawn.
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soxprospects		#6	[url]	[-]
Posts: 7148 11/09/09 3:39 PM Mike Andrews Editor-in-Chief SoxProspects.com	Wakefield, Sox renegotiating by Tony Massarotti (Extra Bases) In the wake of a back injury that required Tim Wakefield to have offseason surgery, the pitcher and the Red Sox are close to finalizing a two-year deal that would give Wakefield the chance to become the club's all-time leader in victories. According to a baseball source, the Red Sox and Wakefield are discussing the two-year arrangement because the club had some concerns about exercising the regenerating, $4 million option on the player's contract in the wake of surgery to remove disc fragments from the player's back.
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terry180123		#7	[url]	[-]
Veteran Member Posts: 79 11/09/09 3:42 PM	The Red Sox declined Varitek's option. He has 5 days to pick up his $3 million option.
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jsinger121		#8	[url]	[-]
Posts: 15550 11/09/09 3:42 PM Jonathan Singer Digital Correspondent SoxProspects.com	Done deal on Wake. Done deal: 2 years, $5 million for Wakefield - $3.5 in '10, $1.5 in '11 -with more incentives in second year than the first. http://twitter.com/bradfo Twitter: @Jonathan_Singer/@Soxprospects
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jsinger121		#9	[url]	[-]
Posts: 15551 11/09/09 3:43 PM Jonathan Singer Digital Correspondent SoxProspects.com	Red Sox will not pick up Jason Varitek's $5 million team option. http://twitter.com/bradfo Twitter: @Jonathan_Singer/@Soxprospects
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kjs4562		#10	[url]	[-]
Veteran Member Posts: 128 11/09/09 4:17 PM Catching Stats Guru	Nexus wrote: Yirmiyahu wrote: I'm confused by this too. If both options were $6 million, what's the point of the $500,000 buyout? If that were the case, the team might as well exercise its option rather than throwing $500,000 out the window. This was my original question before re-reading Speier's explanation again: The club has until five days after the World Series to make a decision about whether to exercise its $6 million option for next year. If it declines the option, it must pay a $500,000 buyout. Since it is a mutual option, if the Sox do pick up the option, Gonzalez would then have two days to decide whether to accept or decline the chance to return to Boston on that one-year, $6 million deal. If he declines the option, he also voids the buyout. The buyout becomes void if the Sox had picked up the option and, in that two day window, Gonzo decided to decline. Otherwise, if both he and the Sox decline, he's still eligible for the $500K buyout. The way I'm reading that, Gonzalez has an option only if the Red Sox exercise their option. (I added the bold.) Since they did not exercise their option, they must pay the $500,000 buyout, but Gonzalez has no other option. So there really is no difference between this and what has generally been reported in the media, although there would have been a technical difference if the Sox had exercised their option - Gonzalez would have had the option to accept it, or not.
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soxprospects		#11	[url]	[-]
Posts: 7149 11/09/09 4:19 PM Mike Andrews Editor-in-Chief SoxProspects.com	That actually makes sense kjs. I should have picked that up.
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Soxfn24		#12	[url]	[-]
Veteran Member Posts: 2027 11/09/09 6:35 PM	BOSTON -- The Red Sox officially took care of the main part of their catching solution for 2010, exercising All-Star Victor Martinez's $7.1 million club option on Monday. But veteran Jason Varitek, who has caught more games than any player in Red Sox history, remains in limbo. Boston declined the $5 million club option it held for Varitek, but the veteran has until Saturday to notify the team if he will exercise his $3 million player option. If Varitek declines his option, he will be a free agent for the second consecutive offseason. Redsox.com BOSTON -- Knuckleballer Tim Wakefield will not only be back for a 16th season with the Red Sox, but likely a 17th. Facing a Monday deadline to pick up Wakefield's $4 million club option, the Red Sox instead agreed to a two-year pact with the veteran right-hander. While the Red Sox, as is their club policy, did not reveal terms of the deal, WEEI.com reported that it was worth a guaranteed $7 million. Wakefield will reportedly make $3.5 million in 2010 and $1.5 million in '11, with incentives giving the righty a chance to bring the total value of the contract to $7 million. Redsox.com
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WillyCoPapi3		#13	[url]	[-]
Veteran Member Posts: 3907 11/09/09 6:37 PM Veteran Member	2 more years of Wake? Ick. Why would we ever PH for Varitek? I mean, what if we PH for him, and it goes to extras, and vic martinez gets eaten by dinosaurs? We'd have to use the emergency catcher. -FenwayTheHardWay
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Yirmiyahu		#14	[url]	[-]
Posts: 585 11/09/09 6:45 PM Forum Moderator	kjs4562 wrote: The way I'm reading that, Gonzalez has an option only if the Red Sox exercise their option. (I added the bold.) Since they did not exercise their option, they must pay the $500,000 buyout, but Gonzalez has no other option. So there really is no difference between this and what has generally been reported in the media, although there would have been a technical difference if the Sox had exercised their option - Gonzalez would have had the option to accept it, or not. This makes tons more sense than any other interpretation. Thanks.
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