Thursday, November 19, 2009
I think we all have heard that Vernon Wells has a bloated contract and that he is incredibly un-tradeable. This morning I decided to take a look at just how bad the remainder of Vernon Wells contract is, and well its really really really bad.
Vernon Wells signed a 7 year 126 million dollar extension in December 2006. That sounds bad doesn't it? Eighteen Million a year for Vernon Wells, ugh. But it's actually way worse than just Eighteen Million. See the Blue Jays backloaded basically the entire deal except for a signing bonus. In 2008 Wells made just .5$ million plus 1/3 of his 25.5$ million dollar signing bonus. In 2009 he made 1.5$ million plus 1/3 of the signing bonus. Therefore if you do a quick calculation through 2/7 of his contract he has been paid just 18.5 of the 126 million dollar deal. In 10 each of the next five years he will make more than 20 million dollars. UGH.
Just a reminder, Vernon Wells hit .260 last year and only hit 15 home runs. Wow that's a bad contract.
H/t Cot's Contracts