Chris Davis retires!

[MurphDogg]

12 minutes ago, Frobby said:

It’s just good to have this over with, once and for all.    No more threads speculating on whether Davis will show up for spring training, whether the O’s will cut him, etc.   We can discuss it one last time over the next week or two and it no longer will be a big topic.  

There will still be an annual thread celebrating (ruing) Chris Davis Day on July 1 of 2023-2037.

He will receive $3.5M on that date between 2023 and 2032 and $1.7M between 2033 and 2037.

I imagine that the $17 million deferral of his 2022 salary which has been reported as 3 years would also be on that date, so add an additional $5.3 million for 2023 through 2025.

[Pat Kelly]

Look there are some savings here from a financial analysis perspective.   NPV on lower payments today, more deferral is lower than paying full salary in 2022.  This does matter from a cash management and annual p&l perspective.  What matters most is what will the payroll/expense allowance be in 2022 which will directly impact the quality of the roster and hopefully major league product. 

[MurphDogg]

2 minutes ago, SteveA said:

His last game at Oriole Park in front of fans was September 22, 2019, in the first game of a doubleheader vs the Mariners.  He was 1 for 2, with a home run off Marco Gonzelez.

I was at that game and, it being the last home game of the year and thinking that retirement was a possibility, I was aware that it was potentially the last time I would see Davis play in person. It was cool that he hit a home run, but what I will most remember is how much smaller he looked than he did in his prime.

[Gurgi]

43 minutes ago, DrungoHazewood said:

I think that's very speculative.

 

43 minutes ago, DrungoHazewood said:

I think that's very speculative.

very speculative to be honest. 

[OsFanSinceThe80s]

Just now, Pat Kelly said:

Look there are some savings here from a financial analysis perspective.   NPV on lower payments today, more deferral is lower than paying full salary in 2022.  This does matter from a cash management and annual p&l perspective.  What matters most is what will the payroll/expense allowance be in 2022 which will directly impact the quality of the roster and hopefully major league product. 

The overall savings won't be much, but it does have a big impact on the 2022 payroll and budget. Elias might have plans for player development and needs those funds freed up. Or maybe we are going to see a player signed to an early extension in 2022, that is now made possible by getting Davis off the books for next season. 

[Gurgi]

41 minutes ago, OsFanSinceThe80s said:

So the Orioles have no guaranteed player contracts now for the 2022 season.

 

Deferred money is the most retarded thing in history.  Teams like the Orioles should not do it at all.  

[waroriole]

1 minute ago, OsFanSinceThe80s said:

The overall savings won't be much, but it does have a big impact on the 2022 payroll and budget. Elias might have plans for player development and needs those funds freed up. Or maybe we are going to see a player signed to an early extension in 2022, that is now made possible by getting Davis off the books for next season. 

Or maybe that savings is needed to keep the team afloat or will go into the son’s pockets to help pay an estate tax if Peter dies and they try to keep the team. 
 

I’d be very surprised to see that money used on a FA acquisition next season. 

[SteveA]

Maybe I'm just nit-picking but...

 

Quote

“After an extended time dealing with my injury and recent hip surgery, I informed the Orioles about my decision to retire effective today,” Davis said in a statement. “I want to thank the Orioles partnership group, led by the Angelos family, the Orioles organization, my teammates and coaches, the University of Maryland Children’s Hospital with whom I will continue to be involved following my retirement, and of course, Birdland. Thank you all for the many memories that I will cherish forever.”

So he just walked in and informed the Orioles that he was retiring?  That's how it happened?

Yet he somehow negotiated a retention of he entire salary with a deferral of the 2022 money?

No, I think he came to the Orioles and said I'll only retire if you still pay me for the rest of 2021 and 2022, and I'll toss you a bone by working out a deferral 2022 money.  They  some negotiations and came to an agreement.

And yes, I know he had no obligation to not get every cent that was guaranteed to him.   I get that and am not saying he should have. 

But if he had just limped into the warehouse on his bad hip and "informed" the Orioles that he was retiring, he WOULD in fact be forfeiting $29 million or so.   That's what retirement means.   So he shouldn't be pretending that's how it happened.   It wasn't that simple.   he went to the Orioles and said he would retire now to give them the 40 man spot and throw them a bone by deferring some money, IF they would pay his full guaranteed contract.  

Like I said, a nit pick perhaps.   But his statement is worded, probably by PR people to make the casual reader think the just decided to retire and told the Orioles, which is clearly not possible.

[HowAboutThat]

It would seem to me that the main take away from this fiasco of a contract is, “don’t give out big contracts”

So don’t extend Mancini don’t extend Mountcastle don’t extend AR.

Instead build your pipeline so that you can trade this year’s mount castle for next year’s mount castle. We have seen forever that a team is not a player, But an ever-changing entity, and it is Far better to establish a process that allows players to be traded because there are reasonable replacements waiting who are younger and cheaper.

[sevastras]

2 minutes ago, Gurgi said:

Deferred money is the most retarded thing in history.  Teams like the Orioles should not do it at all.  

Deferred money is silly now that they have to deposit the money into an escrow account anyways.  I reckon if the player doesnt trust themselves with handling the money they could ask for deferred money but I dont think that is the case with Davis.

[SteveA]

4 minutes ago, Gurgi said:

Deferred money is the most retarded thing in history.  Teams like the Orioles should not do it at all.  

Why?   It generally saves the team money in the long run, doesn't it?

[HowAboutThat]

Just now, SteveA said:

Maybe I'm just nit-picking but...

 

So he just walked in and informed the Orioles that he was retiring?  That's how it happened?

Yet he somehow negotiated a retention of he entire salary with a deferral of the 2022 money?

No, I think he came to the Orioles and said I'll only retire if you still pay me for the rest of 2021 and 2022, and I'll toss you a bone by working out a deferral 2022 money.  They  some negotiations and came to an agreement.

And yes, I know he had no obligation to not get every cent that was guaranteed to him.   I get that and am not saying he should have. 

But if he had just limped into the warehouse on his bad hip and "informed" the Orioles that he was retiring, he WOULD in fact be forfeiting $29 million or so.   That's what retirement means.   So he shouldn't be pretending that's how it happened.   It wasn't that simple.   he went to the Orioles and said he would retire now to give them the 40 man spot and throw them a bone by deferring some money, IF they would pay his full guaranteed contract.  

Like I said, a nit pick perhaps.   But his statement is worded, probably by PR people to make the casual reader think the just decided to retire and told the Orioles, which is clearly not possible.

Ever since Chris Davis insisted that he spent the off-season working out with the hitting coach, whose name slips me at the moment, and the hitting coach, who lived in the same town, said, “nope he never contacted me.” I have known that Davis will say whatever it is suitable for him to stay at the moment.

[OsFanSinceThe80s]

Just now, waroriole said:

Or maybe that savings is needed to keep the team afloat or will go into the son’s pockets to help pay an estate tax if Peter dies and they try to keep the team. 
 

I’d be very surprised to see that money used on a FA acquisition next season. 

Ha, I'm trying to look at it from a more optimistic angle.

But what you're saying could be the truth, but if cash flows are really that bad then the Angelos family should just sell the team. 

[Sports Guy]

 

[LookinUp]

49 minutes ago, DrungoHazewood said:

I think that's very speculative.

 

45 minutes ago, DrungoHazewood said:

We all know Davis' contract really ended about three years ago.  He got a degenerative hip condition long after he stopped being a major league player.

 

So why did he "stop being a major league player" then? I may be oversimplifying things, but to me it's some combination of 1) he stopped doing steroids and/or 2) he stopped putting in the work.

I agree that 1 is speculation, though seeing his transformation similar to that of Bonds and McGwire post retirement gives some reason to believe that. However, 2 isn't really speculation. He's turned into a prick who openly disliked any suggestions for improvement. He finally paid lip service to it this year, but I don't believe that was real at all.

He wasn't the same guy who signed that contract almost immediately after he signed it. That's false pretenses, IMO. He gets no pass from me.