Josh Beckett extending his tenure in Boston

After getting rocked by New York on Sunday night, Josh Beckett officially signed a 4 year, $68mil extension with Boston.

I’ll keep this post short and sweet. It’s a good bargain for Boston. Josh Beckett has been one of the best pitchers in baseball the past few seasons, with a WAR of 6.5, 5.0, and 5.3 in the past three seasons respectively. The fact he did so pitching in the AL East is even more impressive.

Going forward, the next four seasons should be no different. He is still on the top of his game, and will just be turning thirty in May. He should average 5 WAR per season over the length of the contract, but to be conservative, lets say he averages 4 WAR per season. That means his market value would be at least $16mil per season. Boston will be paying just over $15mil per. Then add in the fact Beckett is more valuable to a contending team like Boston who needs every win they can get in a tough division, and the contract is a thumbs up from Boston’s standpoint.

As for Beckett, I wonder why he didn’t hold out for the fifth year he wanted. Sure, $68mil is still a lot and maybe he just wants security so it doesn’t loom over him during the season. But considering the contract Lackey got and considering the contracts other pitchers got this off-season, it just makes you believe Beckett could have gotten more. I’m sure the Union won’t be too happy with this discount.

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