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

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6 minutes ago, Orlando said:

People will still think that Al’s and Portillos are fake. They were nails on this stuff. I’ll keep letting you believe posters from ages ago who pop up with some cryptic stuff and are wrong most of the time. I know who I’ll follow for inside info. Haven’t been wrong yet ?‍♂ 

Portillos was spot on with the AAV and years. One or both have sources.

Edited by maloney.adam

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  • Me - I had to seperate this into a new thread. Didn't need 80 pages of historical garbage. Lets get the big news in its own thread.  

  • Holes in my Sox
    Holes in my Sox

    Hello everyone!  I just found the board a couple of weeks ago and this is my first post.  I'm from Southern Illinois and I am primarily a St. Louis Cardinals fan, but I've always liked the White Sox a

  • Actually, you are. But you didn’t answer my question. 

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1 minute ago, chw42 said:

I think it's because the 4th year is an option yet he's still guaranteed 54 million that technically makes this a $18 million AAV deal. 

Is it basically an AAV of either $18M or $13.5, depending on whether the option is picked up?  Is that how AAV is calculated in a deal like this?

Just now, aeichhor said:

 

Club option for 15 dollars? solid.

1 minute ago, fathom said:

2006

I think the starting pitching on the 90s team is better. Plus you have one of the greatest hitters of all time in their prime. 

28 minutes ago, Wisebri224 said:

3 inning eaters as starters.  One more starter.  With this much bullpen depth they seriously could have #4 and 5 go 5 and just leaving it to the pen

 They'll do  it. All in now.

2 minutes ago, SoxBlanco said:

Is it basically an AAV of either $18M or $13.5, depending on whether the option is picked up?  Is that how AAV is calculated in a deal like this?

I'd imagine AAV is guaranteed dollars/guaranteed years. In which case, it's 54/3 for this. 

Win-win for both sides honestly. Hendriks and his agent gets to claim that he's the highest paid reliever and the White Sox get financial flexibility. 

Edited by chw42

This should essentially be seen as 4/54 but if he’s so bad aftert third year that the Sox want to cut him and eat the contract, they get to defer the money to make it hurt less. 

2 minutes ago, SoxBlanco said:

Is it basically an AAV of either $18M or $13.5, depending on whether the option is picked up?  Is that how AAV is calculated in a deal like this?

For luxury tax, its just a straight 4/54 (so $14 mill AAV a season).

Just now, chw42 said:

I'd imagine AAV is guaranteed dollars/guaranteed years. In which case, it's 54/3 for this. 

But if we pick up the 4th year option, there's no way you can call that $18M AAV.

  • Chisoxfn changed the title to Sox sign Hendriks: 3/$39M - 4th year optional with $15M buyout
  • Chisoxfn pinned this topic
3 minutes ago, chw42 said:

I'd imagine AAV is guaranteed dollars/guaranteed years. In which case, it's 54/3 for this. 

Win-win for both sides honestly. Hendriks and his agent gets to claim that he's the highest paid reliever and the White Sox get financial flexibility. 

Then what would be the hit if they pick up the option? I gotta think it's 54/4.

Edited by manbearpuig

Just now, Eminor3rd said:

This should essentially be seen as 4/54 but if he’s so bad aftert third year that the Sox want to cut him and eat the contract, they get to defer the money to make it hurt less. 

I like it, signals JR is ready to roll as long as the window is open, even if it means rolling over the roster that year at the expense of some cash.

Who keeps botching this thread? 

I'm honestly disappointed because I feel Hendriks wasn't a big need and the money needs to be spent more wisely.

And yet, can't help but have some excitement that we signed a big name.

Edited by RagahRagah

2 minutes ago, chitownsportsfan said:

I like it, signals JR is ready to roll as long as the window is open, even if it means rolling over the roster that year at the expense of some cash.

It’s the first time the FO has successfully found a creative way to win a hotly contested free agent despite JR miserly ways. They should definitely be commended, and I hope it a a sign of good things to come, because we need it to be. 

2 minutes ago, RagahRagah said:

H

I'm honestly disappointed because I feel Hendriks wasn't a big need and the money needs to be spent more wisely.

And yet, can't help but have some excitement that we signed a big name.

It's the best statistical closer in the game. Smile and be happy for once. Good lord. It's not your fucking money

6 minutes ago, manbearpuig said:

For luxury tax, its just a straight 4/54 (so $14 mill AAV a season).

You sure?  How would a waived player count against luxury tax?  This is kind of an unprecedented deal to say so definitively that this is the way it would work.   

 

Not that we're going to reach LT, but still interesting to understand.

5 minutes ago, ron883 said:

Who keeps botching this thread? 

Me - I had to seperate this into a new thread. Didn't need 80 pages of historical garbage. Lets get the big news in its own thread.  

1 minute ago, EloyJenkins said:

It's the best statistical closer in the game. Smile and be happy for once. Good lord. It's not your fucking money

Some people are just love being an Eeyore. 

I will say I am lukewarm on this move. I just don't like the use of salary resources on a closer. I like Liam and he makes the team better, I jus think if the Sox are as payroll limited as I assume they will be, there were probably better uses of the funds, however, I hope Liam crushes it for next 4 years and also hope I'm wrong and JR goes deeper in his pockets than I expect over next handful of years.  

Just now, Chisoxfn said:

Me - I had to seperate this into a new thread. Didn't need 80 pages of historical garbage. Lets get the big news in its own thread.  

Been nice knowing you @ron883

12 minutes ago, maloney.adam said:

Portillos was spot on with the AAV and years. One or both have sources.

OK Portillos. What's next?

Just now, Chisoxfn said:

I will say I am lukewarm on this move. I just don't like the use of salary resources on a closer. I like Liam and he makes the team better, I jus think if the Sox are as payroll limited as I assume they will be, there were probably better uses of the funds, however, I hope Liam crushes it for next 4 years and also hope I'm wrong and JR goes deeper in his pockets than I expect over next handful of years.  

Really what tells me how good this move was is when they show us what starters they bring in.

9 minutes ago, manbearpuig said:

For luxury tax, its just a straight 4/54 (so $14 mill AAV a season).

I didn’t think club options counted as guaranteed years.  Technically I think it should be an $18M AAV, but this contract is basically unprecedented so who the fuck knows.

Just now, Chisoxfn said:

I will say I am lukewarm on this move. I just don't like the use of salary resources on a closer. I like Liam and he makes the team better, I jus think if the Sox are as payroll limited as I assume they will be, there were probably better uses of the funds, however, I hope Liam crushes it for next 4 years and also hope I'm wrong and JR goes deeper in his pockets than I expect over next handful of years.  

Where would you like them to allocate those resources? Honest question. 

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