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  • Latest on Carlos Correa's Chaotic Free Agent Saga: Could the Twins Get Back In It?


    Nick Nelson

    In one sense, nothing has happened with Carlos Correa yet. A full two weeks after first agreeing to a historic deal with the Giants, he still hasn't put pen to paper and officially signed a contract.

    In another sense, SO MUCH HAS HAPPENED. The twists and turns in this unprecedented high-stakes free agency quagmire are almost incomprehensible. Let's get up to speed on where Correa's market stands, and how the Twins might still fit in.

    Image courtesy of Mark J. Rebilas-USA TODAY Sports

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    First, a quick recap of the events leading up to this point. On December 13th, Carlos Correa reached agreement with the San Francisco Giants on a 13-year, $350 million contract. It would've ranked as the second-largest for any free agent in MLB history.

    Alas, it was not to be

    Just before it was scheduled to take place, the Giants postponed a press conference to make the deal official, citing concerns raised in Correa's physical. Scott Boras balked at the request and quickly returned to the market, rushing into an overnight agreement with Steve Cohen and the New York Mets for 12 years and $315 million.

    Soon after, we learned that Correa's agreement with Mets was ALSO in question, because their medical staff ran into similar concerns as San Francisco when going through a physical. The point of contention allegedly relates to an old ankle injury from 2014 -- controversial in that it hasn't affected him on the field in nine years since, but is evidently raising red flags for long-term risk. 

    Reports of the Mets' concerns generally came with the caveat that New York and Correa were expected to work through the issue and ultimately agree on a deal. Alas, three days later -- albeit with a holiday break mixed in -- the two sides have yet to settle on agreeable terms.

    Meanwhile, it sounds as if confidence is waning, at least somewhat. A column from Mike Puma in the New York Post on Monday indicates that while there is "optimism a deal can still be completed," that optimism could hardly be described as emphatic, with "one source on Monday placing the likelihood at 55 percent that the two sides find common ground." 

    Correa "isn’t open to restructuring the length or financial terms of the contract," according to Puma. 

    The question now bouncing around every Twins fan's mind is: what does the other 45 percent side of this scenario look like? If Correa's deal with New York fizzles, where do he and Boras go? Back to the Giants? Re-engage the Twins? Connect with an outside suitor, as they did originally with the Mets?

    Puma reports that "at least three teams have been in contact with Correa’s camp in recent days," and the Twins are presumably among them. The team's stance, at last check, was that they remained open to sticking with their original offer of 10 years and $285 million, but only under the condition they could review his medical situation and feel comfortable with what they saw.

    Theoretically that conversation could fire back up as Correa and Boras push to complete a deal and put an end this two-year free agent odyssey once and for all. 

    The thing I can't quite get past is this: If two of the most impulsive and free-spending owners/franchises in baseball are unwilling to go 13 or 12 years with Correa based on what they've seen with a deeper look, what are the chances that one of the shrewdest and least impulsive will go 10 or more? 

    Can we really conceive that the Twins -- mired in a litany of pivotal health questions as they already are -- will emerge the winners in what's quickly becoming one of the most prominently publicized high-risk ventures in the history of free agency? Do we even honestly believe they should?

    At the same time, I can't stop circling back to another burning question: If ever there was a series of events that was going to play out and give the Twins a serious chance to "get creative" and sign a deal that is legitimately within their targeted range ... this would seem to be it, right?

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    On 12/27/2022 at 3:47 PM, se7799 said:

    I just don't get fans not wanting to spend up.  Look..if the owners don't spend it, they are not going to mail you a check reflecting the money saved.  I understand the owners being hesitant..just not the fans.

    I have this "debate" all the time with a friend. 

    His perspective is a principled point of view/how things should be - the Twins ownership is worth billions and we as fans should put pressure on them to spend it, the most visible way of doing that is spending the money needed to land and keep stars. 

    My perspective is pragmatic/how things are - the Twins are owned by a family that has owned for 40 years now and looks like many years into the future.  They have not and almost certainly will not intentionally run the team at a loss with the comfort of knowing it is worth more when/if they ever sell and it is doubtful they would all agree to run the team as a fan would without regard for the financial aspects. 

    With that in mind, I focus on how the ~50% of revenue dedicated to player payroll should be spent...depth or stars? SP or hitting?  lock up home-grown future stars or bring in free agents?  try to create a team consistently in the mix or go all-in when things peak and then start all over when the opportunity has passed?  In this case, is spending 15-20% of the player payroll on one player with a 10 year guarantee the best way to construct the team?  I think without the MRI thing, its' a definite maybe.  His knee seems fine the last couple of years, he fits a position the team has not been able to fill internally, he's consistent, his game is not built on speed (which is the first skill to decline) and the roster has a lot of youth such that signing him doesn't create painful decisions in the near future (those decisions down the road would be a good "problem" to have).  I personally would prefer an ace starting pitcher - this rotation is filled with low-2, 3 and 4 starters.  The MRI thing suggests it may be a good thing he didn't take their offer - perhaps his knee is showing worrisome wear.  

    What I need to say from Falvine is the development of pitching seen in Cleveland, keep trying to extend players as they've done with Polanco, Kepler, Dobnak, Buxton in trying to mimic Atlanta, and then supplement with the right trades and free agents.  That and I want that ~50% payroll thing to be an average, not a cap, meaning if they are below that during rebuilding then they are above it to keep a good team together.

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    9 minutes ago, Craig Arko said:

    Fwiw, I’d rather the organization pour the unspent funds into the Twins Community Fund to provide assistance to needy youth in the area. They already make a good contribution but there’s always more to do.

    Good one. Let me know when they do that with the millions they don't spend. 

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    I still think adding an 11th year at 20 million is not too bad.  Inflation at 7% will half that in terms of value by then. If it gets the deal done…of course medical are the issue maybe make the last year contingent on one of a few scenarios 1.  Pass a physical. 2. Get 400 plate appearances in year 10 or 850 in years 9&10.  3.  Maybe have a 10 million buyout for the 11th year as well.  Adding an opt out after year 5 or 6 if we need to be creative.  

    I do think the Twins can get back in this.  I think they should since they don’t really have a great option there.  If they sign him and a solid bullpen arm it would be a successful offseason for the Twins.  This would set the Twins up well in negotiations for the new TV contract.  Payroll needs to go up with 14 teams over 200 million in payroll.  We should at least be in the 160 million range.  

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    On 12/29/2022 at 8:23 PM, Brandon said:

    I still think adding an 11th year at 20 million is not too bad.  Inflation at 7% will half that in terms of value by then. If it gets the deal done…of course medical are the issue maybe make the last year contingent on one of a few scenarios 1.  Pass a physical. 2. Get 400 plate appearances in year 10 or 850 in years 9&10.  3.  Maybe have a 10 million buyout for the 11th year as well.  Adding an opt out after year 5 or 6 if we need to be creative.  

    I do think the Twins can get back in this.  I think they should since they don’t really have a great option there.  If they sign him and a solid bullpen arm it would be a successful offseason for the Twins.  This would set the Twins up well in negotiations for the new TV contract.  Payroll needs to go up with 14 teams over 200 million in payroll.  We should at least be in the 160 million range.  

    My original thought was that we should offer him $275 Million for 8 years.  When the Giants deal buckled my thought was that we should go to $313 Million for 11 years.  If the Mets deal doesn't go, maybe something like $294 Million for 10 years?

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