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    The Red Sox Have Begun Extension Talks With Garrett Crochet


    Davy Andrews

    With the arbitration deadline looming, the two sides seem to be thinking long-term.

    Image courtesy of © Paul Rutherford-Imagn Images

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    The Red Sox gave up a haul of prospects for Garrett Crochet, headlined by catcher Kyle Teel, who could be playing for the White Sox as early as this season. They didn’t necessarily make that sacrifice because they thought that the last two years of Crochet’s arbitration period were worth it on their own. They were also paying for the chance to sign the 25-year-old left-hander to a long-term contract extension. On Wednesday night, MassLive’s Chris Cotillo reported that preliminary dialog about an extension has begun between the Red Sox and Crochet’s representatives at agency CAA. At the moment, however, the main focus is on agreeing on a contract value for this year, as the arbitration deadline is today.

    That could actually matter a great deal in terms of getting an extension done. Arbitration is an unpleasant experience, with the player’s representatives making a pitch for why their client should be paid a higher amount and the team’s making a pitch for why the player should be paid a lower amount. An independent arbitrator then chooses one of those numbers. Because of the adversarial nature, and because the amounts in question are miles below what the player is actually worth on the open market, it can get ugly. In extreme cases, the team’s presentation – in which they basically lay out a detailed case for why the player is worthless, sometimes to save as little as a few hundred thousand dollars – can have ugly side effects. Josh Hader said publicly that the process poisoned his relationship with the Brewers.

    MLB Trade Rumors predicted that Crochet would end up with $2.9 million during the 2025 season, a fraction of what he’s worth. Avoiding arbitration could help build some goodwill and avoid acrimony going into serious extension negotiations, even if it means paying Crochet more right now. Besides, if Crochet does sign an extension, it will buy out his arbitration years for much more than even the highest possible figure he could make in arbitration, preempting the deal that the sides are currently working on. Right now, the name of the game is demonstrating that the team is serious.

    That’s not to say that negotiations will be easy. Craig Breslow has yet to negotiate a big contract during his time leading the Red Sox. These negotiations could have a big effect on the future of the team and his legacy. Crochet’s future as a starter has some real concerns. He was a reliever coming up and missed the entire 2022 season due to Tommy John surgery. All 32 of his big-league starts came in 2024. He threw just 146 innings and pitched into the seventh just three times all season. He’s pitched like an ace, but the risk created by his short track record and injury history will limit his value. The two sides will have to balance that risk with his tremendous upside. By all indications, Crochet is acutely aware of this dynamic. That’s why he made it clear at the trade deadline that he intended to take care of his arm. He planned to pitch during the playoffs only if the team that traded for him agreed to an extension beforehand, which ended up killing interest in a midseason move. It’s hard to fault Crochet for protecting his future that way, considering that until 2024, the highest innings total of his career was 65, and it came when he was a 20-year-old sophomore at Tennessee in 2019.

    There’s no guarantee that an extension will actually happen. Cotillo has said it’s “unclear if the sides have gotten close yet.” but for now, these are all good indications.  

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    1 minute ago, notin said:

    How many for Yamamoto? 
     

    I don’t see Yamamoto as a comparison at all.  Glasnow was 2 years older when he extended, but that was too different.  Crochet will be two years older than Yamamoto but he’s the benchmark?

    I think too many are hoping the Sox avoid Lester 2.0 by overbidding massively…

    Yamamoto missed 3 months last year with a shoulder injury, Before then? IDK. Maybe this is a recurring issue for him while Crochet stays healthy? Hard to say. 

    9 minutes ago, notin said:

    How many for Yamamoto? 
     

    I don’t see Yamamoto as a comparison at all.  Glasnow was 2 years older when he extended, but that was too different.  Crochet will be two years older than Yamamoto but he’s the benchmark?

    I think too many are hoping the Sox avoid Lester 2.0 by overbidding massively…

    What would a fair extension offer for Crochet?

    1 hour ago, Bellhorn04 said:

    My proposal was 4 additional years, so 6 total 2025-2030, with an opt out after 2029.

    Since he might get $20M in arbs for 2025+2026, you are really giving him about a $150M/4 extension. That is extremely high. I was thinking $150M/6 starting in 2027, and add the $20M for 2025-2026 arb buy outs, and it would be $170M/8. I'd go up to $180 or maybe even 190M/8 starting in 2025- knowing full well it is a huge risk and unprecedented for anyone close to his current profile. That basically comes to $180M/6 or $25-$28M a year for the after arb years.

    I can see how that looks way too high to many of you, and it looks close to full FA value for a proven SP'er, but his contract would end at around age 30-32 and not be starting there.

    1 hour ago, notin said:

    How many for Yamamoto? 
     

    I don’t see Yamamoto as a comparison at all.  Glasnow was 2 years older when he extended, but that was too different.  Crochet will be two years older than Yamamoto but he’s the benchmark?

    I think too many are hoping the Sox avoid Lester 2.0 by overbidding massively…

    The lack of MLB experience makes Yamo sort of a comp, but he does have way more IP. The age is closer for Yamo than some others.

    Nobody is saying Crochet should get $324M/12, so we realize the comp is not equal, but it can be used as a scale to try and better figure out about how much Crochet should get.

    No matter where you look for a comp, some sort of adjustment has to be made, for age, more or less arb years remaining, recent success and IP numbers and more. No match comes close, so maybe trying to use the comp method is not the way to go.

    2 hours ago, moonslav59 said:

    The lack of MLB experience makes Yamo sort of a comp, but he does have way more IP. The age is closer for Yamo than some others.

    Nobody is saying Crochet should get $324M/12, so we realize the comp is not equal, but it can be used as a scale to try and better figure out about how much Crochet should get.

    No matter where you look for a comp, some sort of adjustment has to be made, for age, more or less arb years remaining, recent success and IP numbers and more. No match comes close, so maybe trying to use the comp method is not the way to go.

    I’m sticking with Alcantara as a good comp.  Same age.  Similar careers to date.  Same salary for the age 26 season.  
     

    I do think 5 yrs $55mill is light, but it’s probably a closer starting point than many think.  I’m thinking a 4 yr $80 mill extension.  Crochet gets security and had a chance to test free agency before it’s too late…

    1 hour ago, notin said:

    I’m sticking with Alcantara as a good comp.  Same age.  Similar careers to date.  Same salary for the age 26 season.  
     

    I do think 5 yrs $55mill is light, but it’s probably a closer starting point than many think.  I’m thinking a 4 yr $80 mill extension.  Crochet gets security and had a chance to test free agency before it’s too late…

    Alcantara might be the closest comp. He was 25 when he signed. He had some success and under 500 IP, before signing.

    The differences: He was facing the first of 3 arb seasons and added 2 years of control. That's not a big difference, but going for 4 or more years after team control runs out is a pretty big step and should cost much more than the 2 years Alcantara got. The two years were at $17.3M, each. Would it have been a higher AAV had he got 4 years. What would be the "adjustment" for that?

    Now, take that adjusted number and index for inflation. Is $20M too low? Is $28M too high? Is about $25M about right? If you multiply Alcantara's $17.3 x 4, it would be about $70M- no adjustments. I'm not thinking $80M/4 is a proper adjusted number.

    There is a reason most arb players who extend only add 1-2 years, not 4-6. That is what really makes our suggested offers unique.

    55 minutes ago, moonslav59 said:

    Alcantara might be the closest comp. He was 25 when he signed. He had some success and under 500 IP, before signing.

    The differences: He was facing the first of 3 arb seasons and added 2 years of control. That's not a big difference, but going for 4 or more years after team control runs out is a pretty big step and should cost much more than the 2 years Alcantara got. The two years were at $17.3M, each. Would it have been a higher AAV had he got 4 years. What would be the "adjustment" for that?

    Now, take that adjusted number and index for inflation. Is $20M too low? Is $28M too high? Is about $25M about right? If you multiply Alcantara's $17.3 x 4, it would be about $70M- no adjustments. I'm not thinking $80M/4 is a proper adjusted number.

    There is a reason most arb players who extend only add 1-2 years, not 4-6. That is what really makes our suggested offers unique.

    Many take shorter offers or have opt outs because they do want to try free agency.  That’s why I’m thinking he goes 3-5 years tops.  Hit free agency at 31 and he could still get PAID.  

    3 minutes ago, notin said:

    Many take shorter offers or have opt outs because they do want to try free agency.  That’s why I’m thinking he goes 3-5 years tops.  Hit free agency at 31 and he could still get PAID.  

    But how do you comp a guy who gets just 2 years of "FA market" type money vs one who gets 5?




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