Who wouldn't play baseball for $25 million a year!
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The Miami Marlins baseball team has persuaded Giancarlo Stanton to say yes to the most lucrative deal ever for an American athlete. He will be paid an average of $25 million per season for 13 years.
Stanton agreed to terms on a $325 million contract, team owner Jeffrey Loria said. "It's a landmark moment for the franchise and Giancarlo," according to the owner.
The Marlins star right fielder wasn't due to become eligible for free agency that's when a player can sign with any team until after the 2016 season. Signing him to a long-term deal was considered a long shot. The Marlins haven't reached the playoffs since 2003, and he was distrustful of the franchise's direction.
Miami's 2014 payroll of $52.3 million was the lowest in the majors. The last time they spent big was before the 2012 season, the first in their new ballpark. Then came a disastrous season and salary purge, intensifying fan animosity toward Loria.
That sell-off and subsequent roster rebuilding set the stage for the Stanton deal, Loria said.
"Unfortunately people didn't understand that two years ago, we had no choice," the owner said of getting rid of many of the club's best players. "I had to get to today."
Loria's frugal ways in the past made the franchise the butt of jokes. So given such thriftiness, the generosity toward Stanton becomes even more stunning.
His contract tops the $292 million, 10-year deal that Miguel Cabrera agreed to with the Detroit Tigers in March. Alex Rodriguez signed the largest previous deal. Before the 2008 season, Rodriguez signed a contract worth $275 million over 10 years with the New York Yankees.
Stanton, who turned 25 on Nov. 8, is perhaps the game's most feared slugger. He has 154 career homers, including 37 this year.
"Giancarlo Stanton has come of age, and he's going to be here a long time," Loria said. "It's wonderful to have a young man of this caliber, integrity and ability, and I'm very happy."
Stanton's 2014 season ended Sept. 11 when he was hit in the face by a pitch. He suffered fractures in his face and other injuries. Despite missing the final 17 games, he led the NL in homers and slugging for the Marlins, who went 77-85 but ended a three-year streak of last-place finishes in the NL East.
The Marlins have said they're not concerned Stanton's injuries will have lingering effects.
Critical thinking challenge: Why were fans angry with team owner Jeffrey Loria in 2012?