Los Angeles Dodgers Extend Clayton Kershaw

NLDSThe Los Angeles Dodgers signed ace pitcher Clayton Kershaw to a seven year extension worth $215 million, reports Ramona Shelbourne of ESPN. Kershaw’s contract includes an out clause that can be exercised after five years, which would allow him to hit free agency at 30.

The deal constitutes the highest average annual salary in baseball history. Also, it surpasses the extensions granted to Felix Hernandez and Justin Verlander as the most money guaranteed to a pitcher.

Kershaw, who won’t turn 26 until March, was one year away from free agency. He’s already thrown six seasons in the major leagues, over which he has managed a stingy 2.60 ERA. In the last three years he’s been even better, pitching to a 2.21 ERA, with strikeout and walk rates of 26.1 percent and 6.2 percent, respectively. The southpaw has won the CY Young award in two of those three seasons, and he finished second in 2012.

Here’s a list of pitchers from the last 50 years that Kershaw might reasonably be compared to based on their workload and success through their age-25 season.

Rk Player ERA+ BB/9 SO/9 IP Age
1 Felix Hernandez 128 2.75 8.19 1388.1 19-25
2 Bret Saberhagen 128 1.75 5.89 1329.0 20-25
3 Bert Blyleven 132 2.28 7.29 1909.0 19-25
4 Pedro Martinez 140 3.02 9.57 912.1 20-25
5 Roger Clemens 141 2.43 8.60 1031.1 21-25
6 Tom Seaver 141 2.40 7.13 1093.0 22-25
7 Kevin Appier 141 2.88 6.59 862.0 21-25
8 Clayton Kershaw 146 3.00 9.20 1180.0 20-25
Provided by Baseball-Reference.com: View Play Index Tool Used
Generated 1/15/2014.

As you can see, this is elite company. Saberhagen and Appier represent the downside that accompanies any pitcher, namely injuries. Still, they continued to be very good pitchers when they could stay healthy. The remaining hurlers are some of the best in the history of the game.

After seeing the Hernandez and Verlander deals that were signed last offseason, it was apparent that the younger and better Kershaw would command the biggest deal ever for a pitcher. This deal recognizes that Kershaw is the best pitcher in the game, yet it also allows him to reach free agency at a time when he should have several good years left.

Ultimately, Kershaw sacrificed some in annual salary for the opportunity to test the market five years from now. Given his expected value over the duration of the contract, this looks like a long-term contract that works out well for both sides.

Finally, it remains to be seen whether the Kershaw signing will remove the Dodgers from the Masahiro Tanaka sweepstakes. With their lucrative TV deal, I would expect them to have money left over if they decide to pursue Tanaka. If that happens, a staff that already features Kershaw along with Zack GreinkeHyun-jin Ryu and Dan Haren will vie with the Detroit Tigers and the Washington Nationals for the best rotation in the major leagues.

 

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3 Responses

  1. […] appears he will begin 2014 with Tampa Bay, one need only to look at the mega-deal Clayton Kershaw signed yesterday with the Los Angeles Dodgers to gauge what the market is willing to pay for Cy Young […]

  2. […] the corner, it’s that time of the year when teams start negotiating contract extensions. Clayton Kershaw started off the extension season with a deal that guarantees him $215 million, and the Atlanta […]

  3. […] price of pitching is costly. Clayton Kershaw ($215 million, seven years), Masahiro Tanaka ($155 million, plus $20 million posting fee), Homer Bailey ($105 million, six […]

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