No, he doesn’t work for Goldman-Sachs, but Ryan Howard is still making a killing in the down economy. The Phillies star slugger signed a 5 year/$125 million dollar contract yesterday to stay in Philadelphia through 2016. The contract also includes a $23 million dollar club option for 2017 which would push the total value of the deal to nearly $150 million–making him the second highest paid player in baseball per season behind only Alex Rodriguez.
Though Howard got a late start to his career (he didn’t reach the majors until age 25 with Jim Thome at first in Philadelphia), the burly lefty has done nothing but hit since, averaging 49.5 home runs and 143 RBI’s over the past four seasons. Howard captured the NL MVP in 2006 on the strength of a .313-58 HR-149 campaign, and while his average has dipped since that year, he has proven to be one of the most consistent power producers in all of baseball.
The Phillies were eager to keep the face of their franchise in red pinstripes even though he wasn’t eligible for free agency until after the 2011 season, perhaps fueled by an offseason rumor that the team had considered trading Howard to the Cardinals for Albert Pujols. Both Philadelphia and St. Louis denied that any trade talks had occurred, but the Phillies needed to prove they were committed to Howard, and did so by making him a very rich man. Is the big first baseman worth $25 million a year?
Yes and no.
There’s no denying that Howard is one of the best run producers in the game, and the signing is a good PR move because he’s a fan favorite, but Howard is certainly not without his flaws in the field and at the plate. The 6-4, 255 lbs. Howard has worked hard to become a passable first baseman, but is still below average at the position and would be better suited as a designated hitter in the American League. There are also concerns that his weight will become an issue in the latter stage of the contract as Howard will be 36 when the deal runs out. He has worked hard to stay in game shape, including losing 25 pounds during the offseason, but historically players of his size and skill set don’t age well.
What the Phillies are really paying Howard for are his charismatic personality, moonshot home runs and clutch RBI’s—all of which mask some glaring weaknesses at the plate. Howard has averaged 191 strikeouts in his four full seasons and hasn’t posted an OPS over 1.000 since his MVP season of 2006. He is a .225 career hitter against left-handed pitchers and hasn’t shown the ability to improve in that area (only .200 so far in 2010). When the home runs stop flying off the bat, and they will, Howard’s contract will look like an albatross for Philadelphia.
Were the Phillies smart to sign Howard to a new contract? Yes. Were the Phillies smart to sign Howard to a five-year/$125 million dollar contract? No.
In other news, the St. Louis Cardinals are holding a combination bake and yard sale this weekend to help raise money for the ever-growing Albert Pujols free agent contract…
Filed under: Baseball, Free Agency/Trades, NL East | Tagged: albert pujols, Alex Rodriguez, C.C. Sabathia, goldman-sachs, joe mauer, NL East, philadelphia phillies, prince fielder, ryan howard, Subway |