Andy Pettitte is being signed to deliver around the level of production the Yankees got from Wang each year from 2006-2008, and he’s getting paid $11.75 million for a single year. Don’t get me wrong, I’m not starting up a donation pool here–CMW’s got more money than I’ll have in my lifetime. But in terms of dollars produced, and to be clear, those dollars produced by winning, how good of a deal was Wang for the Steinbrenners?
And while we’re on the topic, remember at the beginning of 2009, when anyone projecting the Yankees’ season included 10-15 (or more) wins from the Taiwanese sinkerballer? How good was this team? They lost their #2/#3 pitcher for the season (and their best hitter for the first month), and still managed to walk into the playoffs, before steamrolling their competition enroute to title #27.
This story hasn’t ended, of course. The $5 million that Wang made in 2009 could only be dropped by 20% via arbitration (and historically, arbiters have been very skittish about dropping players’ salaries at all).… Click here to read the rest