By Ross Sutton
Late last night, news broke that the Padres had signed Eric Hosmer. The contract is reportedly for 8 years and worth $144M with an opt out after the fifth season. This is big news all around the league as now I would guess that the Royals will likely shift their focus on re-signing Mike Moustakas who has not gotten much interest this offseason. This also means that the market for other players such as Logan Morrison, Lucas Duda and Mike Napoli will become much more concentrated and they will likely sign with a team sooner rather than later. Most importantly though, this is a big acquisition by the Padres as they now have two proven veterans in Will Myers and Eric Hosmer that can lead their team for the foreseeable future.
My initial reaction to this news was that the Padres got a pretty good bargain for a player as good as Hosmer. Over the length of the contract, the average annual value is $18M, which seems like a fair price. Then, as more details about the contract came out, we learned that the average annual value of the contract over the first five seasons will be $21M and then about $13M over the last three. This makes it seem like there is a good chance that Hosmer will decide to opt out after the fifth year if the team’s window to win a World Series has shut, or he feels that he can receive a better contract in free agency. However, I think this is a great move by the Padres even if Hosmer decides to opt out after five years because the team is projected to be contenders in 2020 and that gives them three years of Hosmer while the team is trying to contend before he can opt out. Overall, it seems that the stove is finally hot around the league and hopefully the dominoes continue to fall.
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