Just a few odds and ends from today’s Matt Holliday deal…
* It’s likely that the deal will officially be announced, with a formal news conference, on Thursday rather than tomorrow. The Hall of Fame election announcement is on Wednesday, and they likely will try not to steal any of the spotlight from that.
* I laid out the terms in the story on the site, but here they are in a nutshell just in case. Holliday will receive $17 million for each season from 2010-2016. He has full no-trade protection. If he finishes in the top-10 in MVP balloting in 2016, a $17 million option vests for 2017. According to AP, there is a $1 million buyout if the option does not vest. I was told it is not a club option in any way, simply a vest or no-vest situation. That would make the guaranteed value $120 million (at minimum, $119 million plus the $1 million buyout) with a potential value of $136 million.
* My personal take: I’m fine with the AAV. $17 million per year is pretty reasonable for a player of Holliday’s caliber. I am not at all sold on the combination of seven years and complete no-trade protection. That could definitely put the club in a precarious spot over the final few years of the contract. I think Holliday and Scott Boras got a very good deal.
* By my estimation, the club still has approximately $6-7 million left to spend this winter.
More blogging coming soon, including my top-10 albums of 2009.