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I thought it would be interesting to look back and see how some of the bigger contracts signed a few years ago have worked out for the respective teams involved. I looked at all the contracts signed prior to the 2007 and 2008 MLB seasons, since these deals are now all finished, or almost finished (except for one), and we have a pretty good idea how each worked out. In total there were 14 big contracts signed over the time period selected. Of those contracts, only two seem to have worked out favorably for the team who signed the player (Chase Utley and Miguel Cabrera), of course these two contracts bought out years of team control, so they likely came at a cheaper rate, then the contracts on this list that came through free agency. Furthermore, there are four contracts where the team got fair production from the player (Aramis Ramirez, Ichiro, Torii Hunter, and Justin Morneau), and in the remaining eight contracts, the team grossly overpaid considering player performance.
To keep the analysis simple, I used Fangraphs War, and valued each win at 5 million.
To keep the analysis simple, I used Fangraphs War, and valued each win at 5 million.
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