Photo: AP Images
Yesterday, Joey Votto and the Cincinnati Reds agreed to a 10-year, $225 million contract, joining Alex Rodriguez (two times), Albert Pujols, and Prince Fielder as the only players to sign $200 million contracts in Major League Baseball. It is also the largest deal ever for a player that had yet to reach free agency.But while this deal seems like the exception, it may soon become the norm thanks to the recent surge in the size of television contracts.
Take a look at some of the recent television deals struck by baseball teams…
- Texas Rangers: 20 years, $1.6 billion ($80 million/year)
- Los Angeles Angels: 20 years, $3 billion ($150 million/year)
And some deals that are in the works…
- San Diego Padres: $40 million per year.
- Los Angeles Dodgers: 15-20 years, as much as $4 billion
And of course, the Reds are reportedly working on a new deal.
For teams, this is just additional revenue without even lifting a finger. And for most teams, the extra income will translate into larger payrolls. And larger payrolls across the board will mean more players making $15 or $20 or even $25 million per year.
And maybe in a few years, Votto’s deal won’t seem so crazy.
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