Just before the 2PM CT deadline, the Texas Rangers came to terms with Yu Darvish on a six-year deal worth approximately $60 million. Darvish can opt out after the fifth year, reports Jon Paul Morosi of Fox Sports. Jeff Passan of Yahoo! Sports has tweeted that the deal could be worth an additional $10 million in bonuses.
It took a $51.7M bid for Texas to win the rights to negotiate exclusively with Darvish for 30 days, then it took just about all of those 30 days to reach a deal. Now the payout could reach a total of nearly $122M. That’s a high price for an ace that hasn’t proven he’s an ace in MLB yet.
Texas has lost a front-line starter after each of the last two seasons (Cliff Lee in ’10, C.J. Wilson in ’11) and the price of an ace certainly hasn’t gone down over that time frame. Darvish has a strong track record in Japan and also has experience in international competition (World Baseball Classic, Olympics). However the talent translates on the field of play, Darvish will definitely generate loads of money from the very beginning. Interest in his posting, the silent bidding process and Texas’ quest to sign him has been extremely high.