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+--- Thread: Cubs interested in Chapman... (/thread-5992.html)
Cubs interested in Chapman... - Rappster - 01-10-2010
<!--quoteo(post=75269:date=Jan 10 2010, 08:04 PM:name=Runnys)-->QUOTE (Runnys @ Jan 10 2010, 08:04 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75266:date=Jan 10 2010, 07:53 PM:name=Kid)--><div class='quotetop'>QUOTE (Kid @ Jan 10 2010, 07:53 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75261:date=Jan 10 2010, 08:31 PM:name=Butcher)--><div class='quotetop'>QUOTE (Butcher @ Jan 10 2010, 08:31 PM) <{POST_SNAPBACK}><!--quotec-->5/30 doesn't really seem like that much. If he even comes close to living up to the hype, it's a steal.<!--QuoteEnd--><!--QuoteEEnd-->
All expectations are that he will spend most, if not all, of this year in the minors. So that's 20% of the contract for a minor leaguer.
<!--QuoteEnd--></div><!--QuoteEEnd-->
We paid close to 20% of Shark's contract for him to be in the minors...didn't we?
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Honestly, Runs...I've wanted to see you naked for a long time.
Cubs interested in Chapman... - Runnys - 01-11-2010
<!--quoteo(post=75274:date=Jan 10 2010, 08:42 PM:name=Rappster)-->QUOTE (Rappster @ Jan 10 2010, 08:42 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75269:date=Jan 10 2010, 08:04 PM:name=Runnys)--><div class='quotetop'>QUOTE (Runnys @ Jan 10 2010, 08:04 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75266:date=Jan 10 2010, 07:53 PM:name=Kid)--><div class='quotetop'>QUOTE (Kid @ Jan 10 2010, 07:53 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75261:date=Jan 10 2010, 08:31 PM:name=Butcher)--><div class='quotetop'>QUOTE (Butcher @ Jan 10 2010, 08:31 PM) <{POST_SNAPBACK}><!--quotec-->5/30 doesn't really seem like that much. If he even comes close to living up to the hype, it's a steal.<!--QuoteEnd--><!--QuoteEEnd-->
All expectations are that he will spend most, if not all, of this year in the minors. So that's 20% of the contract for a minor leaguer.
<!--QuoteEnd--></div><!--QuoteEEnd-->
We paid close to 20% of Shark's contract for him to be in the minors...didn't we?
<!--QuoteEnd--></div><!--QuoteEEnd-->
Honestly, Runs...I've wanted to see you naked for a long time.
<!--QuoteEnd--></div><!--QuoteEEnd-->
Will I have to shave my back?
Cubs interested in Chapman... - rok - 01-11-2010
http://mlb.mlb.com/news/article.jsp?ymd=20...rtnerId=rss_mlb
If it is only 25 mil + an option year, then it isn't too bad actually. It will still be a waste as long as Dusty is around though.
Cubs interested in Chapman... - BT - 01-11-2010
<!--quoteo(post=75269:date=Jan 10 2010, 08:04 PM:name=Runnys)-->QUOTE (Runnys @ Jan 10 2010, 08:04 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75266:date=Jan 10 2010, 07:53 PM:name=Kid)--><div class='quotetop'>QUOTE (Kid @ Jan 10 2010, 07:53 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75261:date=Jan 10 2010, 08:31 PM:name=Butcher)--><div class='quotetop'>QUOTE (Butcher @ Jan 10 2010, 08:31 PM) <{POST_SNAPBACK}><!--quotec-->5/30 doesn't really seem like that much. If he even comes close to living up to the hype, it's a steal.<!--QuoteEnd--><!--QuoteEEnd-->
All expectations are that he will spend most, if not all, of this year in the minors. So that's 20% of the contract for a minor leaguer.
<!--QuoteEnd--></div><!--QuoteEEnd-->
We paid close to 20% of Shark's contract for him to be in the minors...didn't we?
<!--QuoteEnd--></div><!--QuoteEEnd-->
And you are using this as an example that it's a GOOD contract for Cincinnati?
Cubs interested in Chapman... - Dave - 01-11-2010
Dusty is going to let him throw 140 pitches in his first ST start, I just know it.
Cubs interested in Chapman... - bz - 01-11-2010
Well, he just made more than probably everyone in his home town combined.
Cubs interested in Chapman... - Auz - 01-11-2010
<!--quoteo(post=75318:date=Jan 11 2010, 06:30 PM:name=bz)-->QUOTE (bz @ Jan 11 2010, 06:30 PM) <{POST_SNAPBACK}><!--quotec-->Well, he just made more than probably everyone in his home town combined.<!--QuoteEnd--><!--QuoteEEnd-->
He is probably earning more than the entire economy of Cuba
Cubs interested in Chapman... - 1060Ivy - 01-11-2010
http://news.cincinnati.com/article/2010011...n+Cuban+pitcher
The deal is 5 years for $25 mm but the money is spread out over many years beyond the length of the contract.
According to the article,
"But the money will be spread out over time, probably as long as 10 years.
Chapman’s salary for this season will be in the $1 million range.
In fact, the contract won’t be much of a burden on the big league payroll initially. until 2014."
Chapman is expected to start the year in the minors in high A or AA ball. It will be interesting to see if he is rushed into the majors this year.
Cubs interested in Chapman... - Kid - 01-11-2010
As annoying as it can be to backload a contract, I'm not sure if there's dumber ideas to spread it out beyond the actual length of the contract.
Cubs interested in Chapman... - Coldneck - 01-11-2010
<!--quoteo(post=75341:date=Jan 11 2010, 09:37 AM:name=Kid)-->QUOTE (Kid @ Jan 11 2010, 09:37 AM) <{POST_SNAPBACK}><!--quotec-->As annoying as it can be to backload a contract, I'm not sure if there's dumber ideas to spread it out beyond the actual length of the contract.<!--QuoteEnd--><!--QuoteEEnd-->
The overall cost of the contract is decreased if you do it that way. That said, most teams find themselves in regret when they are still paying someone while he's retired or on another squad.
Cubs interested in Chapman... - rok - 01-11-2010
<!--quoteo(post=75343:date=Jan 11 2010, 09:05 AM:name=Coldneck)-->QUOTE (Coldneck @ Jan 11 2010, 09:05 AM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75341:date=Jan 11 2010, 09:37 AM:name=Kid)--><div class='quotetop'>QUOTE (Kid @ Jan 11 2010, 09:37 AM) <{POST_SNAPBACK}><!--quotec-->As annoying as it can be to backload a contract, I'm not sure if there's dumber ideas to spread it out beyond the actual length of the contract.<!--QuoteEnd--><!--QuoteEEnd-->
The overall cost of the contract is decreased if you do it that way. That said, most teams find themselves in regret when they are still paying someone while he's retired or on another squad.
<!--QuoteEnd--></div><!--QuoteEEnd-->
The present $ value of the contract is minimized, but the total $ value is still higher when you factor all the payments in. Personally, I think it is always stupid to have to pay someone for years beyond their service time, unless we're talking pensions and things of that nature. Opportunity costs are a bitch.
Cubs interested in Chapman... - jstraw - 01-11-2010
I'm no accountant but doesn't this reduce the opportunity costs? If I have to give you 20 million today, it costs me 20 million...but if I have to pay you a million a year for 20 years, it saves me a ton. I can buy an instrument that will do that for way less than 20 million.
Right?
Cubs interested in Chapman... - Coldneck - 01-11-2010
<!--quoteo(post=75351:date=Jan 11 2010, 11:07 AM:name=jstraw)-->QUOTE (jstraw @ Jan 11 2010, 11:07 AM) <{POST_SNAPBACK}><!--quotec-->I'm no accountant but doesn't this reduce the opportunity costs? If I have to give you 20 million today, it costs me 20 million...but if I have to pay you a million a year for 20 years, it saves me a ton. I can buy an instrument that will do that for way less than 20 million.
Right?<!--QuoteEnd--><!--QuoteEEnd-->
Yes. But you are assuming the Reds buy the instrument this year. The Reds have been rumored to be in bad financial shape. My guess is that they don't buy the instrument and end up paying on the dates the contract specifies. This in turn would limit their felxibility in future years. Basically they are putting Chapman's salary on an interest free credit card, which can be a good thing, if planned correctly. But can also be a real bad thing if it is not.
Cubs interested in Chapman... - dvdastud - 01-11-2010
Chapman is the most Cuban sounding name I've ever heard in my life.
Cubs interested in Chapman... - Runnys - 01-11-2010
<!--quoteo(post=75307:date=Jan 10 2010, 11:07 PM:name=BT)-->QUOTE (BT @ Jan 10 2010, 11:07 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75269:date=Jan 10 2010, 08:04 PM:name=Runnys)--><div class='quotetop'>QUOTE (Runnys @ Jan 10 2010, 08:04 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75266:date=Jan 10 2010, 07:53 PM:name=Kid)--><div class='quotetop'>QUOTE (Kid @ Jan 10 2010, 07:53 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=75261:date=Jan 10 2010, 08:31 PM:name=Butcher)--><div class='quotetop'>QUOTE (Butcher @ Jan 10 2010, 08:31 PM) <{POST_SNAPBACK}><!--quotec-->5/30 doesn't really seem like that much. If he even comes close to living up to the hype, it's a steal.<!--QuoteEnd--><!--QuoteEEnd-->
All expectations are that he will spend most, if not all, of this year in the minors. So that's 20% of the contract for a minor leaguer.
<!--QuoteEnd--></div><!--QuoteEEnd-->
We paid close to 20% of Shark's contract for him to be in the minors...didn't we?
<!--QuoteEnd--></div><!--QuoteEEnd-->
And you are using this as an example that it's a GOOD contract for Cincinnati?
<!--QuoteEnd--></div><!--QuoteEEnd-->
No, not at all. I was just using it to show that it isn't unheard of for a guy that signs a major league contract to spend a decent portion of that contract in the minors. That is all.