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EvilJester99

Sox sign Hendriks: 3/$39M - 4th year optional with $15M buyout

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5 minutes ago, TheFutureIsNear said:

Lynn, Hendricks, Eaton...not a bad offseason at all but let’s hope there’s still a cherry on top to come

Yes, now go get the starting pitcher, reliever and backup catcher.

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1 minute ago, Chicago White Sox said:

What does this mean for luxury tax purposes?

Does it matter really if they’re never close to it?

  • Fire 4

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It’s an odd structure on the option/buyout but whatever, lower AAV makes me like it all the more. 

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4th year is probably a burn year, uncle Jerry just didn’t want to shell out $15M all at once. Probably $5m over 3y or $1M over 15y, the new Bobby Bonilla!

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Very interesting...so basically it’s 4 years 54 mil, but the Sox built in a “parachute clause” to be able to cut ties and payout the last $15M over time if things go bad. 

Edited by TheFutureIsNear

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2 minutes ago, Tnetennba said:

 

So $15 million as a buy out over time to go away or $15 million to stay. Creative.

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2 minutes ago, fathom said:

Is the time finally now that Heuer gets traded :)

I hope not! If he's the 6th or 7th inning guy. Holy bullpen.  

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15 minutes ago, SoxAce said:

HOLY SHIT!!!

This

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Just now, fathom said:

Does it matter really if they’re never close to it?

Just wasn’t sure why they structured it this way and my post was before they mentioned the deferred element of the buyout.

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Just now, Soxnfins said:

4th year is probably a burn year, uncle Jerry just didn’t want to shell out $15M all at once. Probably $5m over 3y or $1M over 15y, the new Bobby Bonilla!

Jerry probably doesn’t think he will care much in 4 years

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Just now, Harold's Leg Lift said:

I think they sign a starter. 

I like it. Sign a SP, maybe add one more bat like LaStella, call it an off-season. 

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Imagining that 1-2-3 punch of Crochet, Bummer, and Hendriks. Very nice to think about

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Just now, fathom said:

Jerry probably doesn’t think he will care much in 4 years

Then go sign Bauer dammit.......

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1 minute ago, Chicago White Sox said:

What does this mean for luxury tax purposes?

It’s not in Sox vocabulary so they haven’t thought of that.

In all seriousness, since it’s still treated as a 4 year contract, I think the AAV is still the same.

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2 hours ago, YourWhatHurts said:

I remember people here were crapping on some Score show host or whatever who said that the Sox never planned on spending big money or giving out long-term deals or signing top-tier FAs this offseason.  Some people took shots at him saying he had no sources while slurping up the food guys.  Well, who was really right?  By my estimation, "no source" Score is correct and the food frauds are still frauds.

Aged like a fine wine. Thanks for getting this deal done.

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9 minutes ago, YoYoIsMyHero said:

 

That is indeed fascinating.

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jesus thats a lot for a closer, but the money is being spent. Theres that. This bullpen is NAILS

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LET'S GOOOOO!  Love it.  Didn't think the Sox would do it.

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Rick Hahn certainly knows how to structure contracts.

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