Wednesday, January 18, 2012
This article is about the Rangers trying to sign Yu Darvish. The Rangers had to pay 53 million in order to negotiate with him. This was an opportunity cost that the Rangers had to take in order to get the team ready to make another run at the World Series. Even though the Rangers are hopeful to sign him and they are missing out on other free agents at this time. If the rangers are unable to sign him they possible could miss out on Prince Fielder or extending Josh Hamilton's contract. Yu Darvish is a special pitcher though. He is 6'6" and can throw 9 pitches. It is scarce to find a pitcher like Yu because of the kind of pitches he throws and the velocity with those pitches. Nolan Ryan believes that his fastball and curveball are good enough to compete in the MLB. Now in order to sign Darvish comes down the the contract and money. The Rangers should be able to meet Darvish's standards so he can sign. The Rangers want a long term contract while Yu wants a shorter contract. The price doesn't seem to be the issue but it will come down to the wire on Wednesday.
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3 comments:
Your article is a great example of opportunity cost. My question is do we (the Rangers’ fans) want to extend Josh Hamilton’s contract? Do we want to employee an “accountability coach”? Since we did sign Yu, do you think their chances of taking the Fall Classic improve that significantly? If we did win the whole thing how do you see that impacting the local economy?
This really puts opportunity cost and the “paradox of value” into perspective for me. The Rangers are spending loads of money on Darvish that they could be spending on Hamilton or even on acquiring free agent Home Run Derby competitor, Prince Fielder. Fielder (who had 38 home runs in 2011) would be a huge pick up for the Rangers, who are lacking in the first basemen position. But then again, Yu Darvish could help out a lot, considering we lost our “ace”, CJ Wilson, to our division rivals, the Los Angeles Angels of Anaheim. And then on the third point of this “paradox of value” triangle is hometown hero Josh Hamilton, who’s contract we have to extend to guarantee a big hitting outfielder in the lineup. So who do we value most in his situation? According to an article I read from Sports Illustrated, we can have all three of them without sacrificing one or the other. All that’s needed is some tinkering with the salary cap, and big time negotiations with Fielder. So maybe it is possible to have both the diamond and the water.
According to some articles on ESPN Dallas analyst believe that keeping Josh Hamilton by extending his contract is better off for the Rangers. Even though Josh has helped the Rangers reach the world series twice and has been providing both in the field and at bat, he has not played more than 155 games in a single season. Now since the Rangers have a chance to sign Prince Fielder who is younger and produces the same kind of numbers at the plate. Prince will also fill a hole what the Rangers have at first base while he will start 155 games a year. Now on to Yu if he shows up and performs like we think he will he can help the Rangers reach the World series for a third year in a row but if he doesn't the Rangers would have wasted 120 million dollars and ruined the chance of having both Prince Fielder and Josh Hamilton. I also think that if Yu delivers like he should he would increase attendance for each games he pitches. The sale of jerseys would help the Rangers crest more revenue and maybe help the future of the ball club.
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