Baltimore Orioles to Sign Alex Cobb for a Reported $57 Million

In a deal that I find shocking given everything that came before in this off-season, the Orioles signed Alex Cobb at the last minute for four years at a total guarantee of $57M.  There is apparently a lot of deferred money in the contract, but even so it’s a lot of money for a lot of years this late into Spring Training.

The signing invites the question if Baltimore was willing to shell out this much, why did it take so long to get this deal done?  Wouldn’t Cobb have accepted a $57M guarantee on March 1st or February 1st or January 1st this off-season once the obvious down market trend had been set?  Did Baltimore think that Cobb’s price was going to come down eventually and finally just caved in completely when it became apparent that Cobb would not sign unless he got top dollar and the season was about to start with Baltimore still in need of pitching?

For the life of me, I can’t imagine what the circumstances could have been that caused a deal this big to happen this soon before the real 2018 games start.  Maybe the O’s just decided at the last minute that with many of their best players becoming free agents next off-season, they’d have to make one last push for the post-season in 2018.  Still, they’re going to have a hard time keeping up with the Yankees and Red Sox, Alex Cobb or no.

I was thinking that at this point, Cobb was holding out for two years and $25M.  He even beat the four years and $48M that mlbtraderumors.com predicted.  My goodness!

As mlb trade rumors points out, the O’s back out of more deals at the last minute than most teams if they see anything questionable in the player’s pre-signing physical exam.  Cobb better hopes he looks good to the doctors in that exam.

Eric Hosmer, Lorenzo Cain and apparently now Alex Cobb were big free agent winners this off-season.  There weren’t many others.  At least it gives next off-season’s class of free agents hope that a few more of them will pull rabbits out of their free agent hats even if the market has changed for the worse overall.

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Explore posts in the same categories: Baltimore Orioles, Boston Red Sox, Kansas City Royals, Milwaukee Brewers, New York Yankees, San Diego Padres, Tampa Bay Rays

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