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September 24, 2012
Transaction Analysis
Lewis, Texas Re-Up
by R.J. Anderson
| American League | National League |
Re-signed RHP Colby Lewis to a one-year contract extension worth $2 million guaranteed with up to $4 million in incentives. [9/17]
Here is a nice gesture and a smart baseball move rolled into one. Lewis, a free-agent-to-be, was working on a career season before tearing a flexor tendon. Getting maximum value on the open market is tough enough when healthy, but not being able to pitch until January severely hampered Lewis’ abilities to cash in on three strong seasons. The Rangers’ brass thought of this, and thought about the stress placed upon Lewis, his family, and his rehab. They decided to do something about it, as Thad Levine and Jon Daniels explained:
"I think J.D. and I both came to the same conclusion, that was unacceptable," Levine said. "We view Colby as an essential part of this franchise, this family. He's earned it, he deserves it. ... We want him to have peace of mind."
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Even if Lewis maxes out to 4 mil, that's well below his actual value. A bit cheap if you ask me and I like all the people involved.