Friday, March 29, 2013

Big Extensions Abound in the Professional Sports World Today

There is no doubt that when it comes to professional sports, the money that these athletes make is absurd.

Yes, what these professional sports stars are doing is very important but it is not like they are teachers or doing anything that will save the world or anything like that.

Today, a lot of money was given to three players. Combined, these stars will be making $455 million dollars over the next nine, seven and seven/eight years, respectively.

Let's take a brief look at these lucky sports stars who will be making all this money for simply playing a game.

- Buster Posey, San Francisco Giants (MLB)

For someone who is just 26 years old, Buster Posey of the San Francisco Giants has already had a great Major League Baseball Career.

Posey has won two World Series's, a National League Most Valuable Player Award, a National League Rookie of the Year Award, an NL Hank Aaron Award, a Silver Slugger, an NL Comeback Player of the Year Award and a batting title.

To top things off, Posey signed a landmark nine-year deal with the Giants today that is worth $167 million. Based on what he has accomplished so far and the fact that Posey has yet to fully hit his prime, I would say that this deal sounds just about right.

- Justin Verlander, Detroit Tigers (MLB)

Sticking with baseball, Detroit Tigers' pitcher Justin Verlander just became the richest pitcher in baseball history.

Today, Verlander signed a seven-year deal with an option for an eighth that is worth $180 million. As Yahoo! Sports writer Jeff Passan said, the market is "stupid" and that the players/agents are just making sure that pitchers get paid the same amount as the other star position players. 

There is no doubting Verlander's talent and what he has done in his career so far. He's won the American Rookie of the Year Award, Unanimously won the 2011 AL Cy Young Award, won the Triple Crown of Pitching in 2011 by leading the league in wins (24), strikeouts (250) and lowest ERA (2.40), won the 2011 AL Most Valuable Player Award and has taken his team to two World Series.

With that said, what makes this deal so interesting is the fact that he is a pitcher and most pitchers these days are fragile. One never knows what kind of injuries a pitcher can suffer throughout the season and how it might negatively impact his career over the years.

Hopefully for the Tigers, he will continue to pitch at the elite level he is pitching now, stay healthy and get a World Series ring for the club.

- Tony Romo, Dallas Cowboys (NFL)

Perhaps the most scrutinized contract of the three players in this blog is the one that Dallas Cowboys' quarterback Tony Romo signed today.

The Cowboys and Romo came to an agreement today that will see Romo in a Cowboys' uniform for the next seven years and a six-year extension that will pay him $108 million.

At 33 years of age, Romo has had a solid career with the Cowboys to this date. He has set a bunch of team records, is a three-time pro bowler, and has gotten the team into the postseason on occasion.

With that said, the one thing that anyone really cares about is a Super Bowl ring and Romo has not been able to do that. He has come up short in big games, has missed the playoffs a few time and has shown questionable play calling abilities when the team needs to make a good one.

There is no doubting that Romo is more than an above average NFL quarterback. With the deal that he just signed however, he better get his team into the postseason and win them a Super Bowl within the next seven years or so.

As always, feel free to leave us your thoughts in the comments section!

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