Will Price’s Venture into Arbitration Facilitate a Rays Countermeasure?
Southpaw starting pitcher David Price easily can be considered the most important cog to retain in the Tampa Bay Rays surging competitive machine. His potential is limited only by his own tinkering and shifting in his pitching grips. His confidence and abilities might have taken a direct hit in 2011, but his first season as a Rays “ace” definitely showed he has huge potential and “up-side” to grow into the role and Price is eager to embrace these challenges.
As his abilities have grown, so will his seasonal salary, with Price garnering a sustainable $1.25 million for 2011, Price definitely will see his bank account expand in the coming seasons. Some people among the Rays Republic were shocked when Price opted out of his original 6-year $8.5 million dollar payday recently with the Rays. After achieving Super Two status this past season, Price was in a position to not throw a curveball into the Rays 2012 plans, but possibly offer a bit of salary stability if the Rays would talk about an extended foundation in the Rays fold. Price was set to earn $ 1.5 million for 2012, plus garner the last deferred installment payment of his $ 5.6 million signing bonus from his original Rays contract signed on August 15, 2007.
Some have said publicly that Price executing his right to refuse his 2012 option of $ 2.433 million was a formality, possibly a venue for the Rays and Price to discuss another deal for the long haul. But his decision to exercise his right to refuse his option might put a few of the Rays “wishes” for offensive help on the back burner for a bit possibly putting handcuffs on the Rays front office from getting that needed offensive firepower to stay competitive.
Then again, the move by Price could be a calculated risk with Price knowing he could bring a sense of salary stability with an extended deal instead of the financial darkness that always overshadows the arbitration process. The Rays currently have club control over Price until 2015. But with Price’s decline of his 2012 set salary, his suspected 2012 salary jumps tremendously from the $ 2.4 million figure to between $ 7-8 million dollars just for 2012.
Price could go instantly this off-season from a true Rays payroll value to potentially being the top dog (sorry Astro) within the Rays salary hierarchy. This off-season both Price and arbitration eligible CF B J Upton could both possibly take between $14-16 million of the Rays payroll between themselves. That is why a long-term understanding between the Rays and Price should be on the table this Winter.
Price’s decision definitely puts the Rays front office behind the 8-ball this Winter to either sign Price to a team friendly extension, or face the reality that his escalating arbitration salaries after 2012 might make Price more of a liability financially as his abilities escalate upwards. You wonder if the Rays will stand by patiently watching as Price’s salary escalates yearly finally seeing the Rays faced with another Scott Kazmir or Carl Crawford situation as his worth exceeds the Rays fiscal abilities.
This move by Price could transition into a finely packaged extended stay with the Rays for the southpaw, or be the first indicator of his own exit visa being stamped with a potential 2015 date. possibly shipped out before that expiration date. Rays payrolls for the next few seasons might not venture even close to the previous high of $72+ million dollar threshold back in 2008.
SP Jame Shields has a bevy of club option salaries of $ 9 million ($1.5 million buy-out) for 2013 and $ 12 million for 2014 on the immediate horizon, and these high dollar figures will make him instantly expendable as early as July 2012. Current Rays offensive spark plug 3B Evan Longoria will see his 2011 salary double from $ 2 million to $4.5 million in 2012 with club options on the horizon that balloon to $7.5 million (2014) to $11.5 million in 2016. Even 2B/OF Ben Zobrist will see his coffers increase from $4.5 million in 2012 to a possible $ 7.5+ million club option in 2015. Suddenly this Rays cohesive core has an impending high salary expiration date.
This whole Price situation can go a multitude of directions. The two sides could sit down, iron out an extended stay with the club with team friendly terms. Or the Rays could venture into the unknown void of the arbitration process that will surely see Price’s value escalate skyward on a yearly basis until Price is a high dollar risk and an instant trade commodity.
This fiscal nightmare has been on the horizon for some time. With extended deals signed prior by Zobrist, Shields,Longoria and last season with SP Wade Davis. The Rays financial nightmare scenario might have been set into motion by Price’s option out of his low-ball 2012 salary. Other members of the Rays young core will soon reach salary arbitration for the first time and financial decisions will have to be made as to the breaking point nears for this Rays expanding young nucleus.
That is the fiscal reality of the Rays. They are a franchise that is currently treading water in a deepening financial MLB ocean as salaries push them under and they gasp for needed financial relief. There is the potential for salvation, or the realistic drowning financially of this franchise. Either way, the Rays player movements this Winter will definitely define their direction and their commitment towards their young core. Within the next few years with a few budding stars pushed out by their impending financial burdens, not their talents.
The final rendering of their movements with Price will either send out shock tremors, or sighs of relief. Price is the keystone to this movement. The first to walk through this fragile threshold, and he will definitely not be the last. Price is wandering into the impending darkness not knowing his final destination, but hopefully the Rays will illuminate the path with their trademark sunburst and make the whole journey pleasant for both sides. Price is betting his Rays future on it.