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Rays Lock Up Matt Moore: MLB Rumors - MLBTradeRumors.com
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Great deal for both sides. Moore makes more money in the short term and the Rays save money in the longterm.
The Rays have authored another precedent-setting contract, locking up 22-year-old phenom Matt Moore for at least five years, according to ESPN’s Jerry Crasnick. Moore has just 17 days of big league service time (plus ten innings in the postseason), but the Rays committed $14MM for Moore’s next five seasons. The contract is reminiscent of the Rays’ April 2008 commitment to Evan Longoria, but is the first of its kind for a pitcher. Moore’s guarantee is easily a record for a pitcher with less than a year’s service time, and it also tops any pitcher who signed with less than two years service. The Rays have club options covering Moore’s third arbitration year and first two free agent years. If those are exercised, the deal could be worth $37.5MM over eight years, and it could exceed $40MM with escalators. Moore is represented by Matt Sosnick along with Jon Pridie and Adam Karon of Sosnick Cobbe Sports.
Great deal for both sides. Moore makes more money in the short term and the Rays save money in the longterm.
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