Nationals, Strasburg Agree to Record-Setting Deal
Tuesday, August 18, 2009
Midnight neared, an organization held its breath, and finally -- after way too much losing, years of scouting, and weeks of negotiating -- the Washington Nationals secured the one good thing to come from all of it. They reached a deal with No. 1 draft pick Stephen Strasburg. No team has ever paid more to an amateur. And perhaps no team has ever gained more by signing one of its draft picks.
The contract with Strasburg -- worth $15.67 million over four years -- gives Washington, at once, the most hyped college pitcher in a generation and a legitimizing down payment on their build-with-young-talent blueprint. For weeks, the pitcher and the organization had been locked into the highest-stakes contract negotiations in amateur history, and the 11th-hour deal left both sides on edge deep into the night, as the midnight deadline approached. Deal done, Strasburg will begin his professional career. Washington will enter an era very much tied to the career of its newest, richest player.
The agreement was reached at 11:58 and 43 seconds. "People thought it would take us to the last minute. We didn't even need that last minute," said Nationals President Stan Kasten.
"Obviously the last couple of hours -- and specifically the last 45 minutes -- the energy level ramps up," said acting general manager Mike Rizzo.
In the end, the Nationals' offer to Strasburg far exceeded the record for an amateur draftee, the $10.5 million awarded to Mark Prior in 2001. The landmark deal likely will gratify Washington's fan base and elevate its respect level through the league. The to-the-wire dealings with Strasburg were not necessarily a surprise, especially given the standard operating procedure of adviser Scott Boras, but Washington, too, was evaluating a franchise-defining decision.
The Nationals spent money. Lots. And as a result, Strasburg will now enter their minor league system and soon, if all goes well, become an elemental part of their major league rotation.
"He's chomping at the bit to get on the mound," Rizzo said. "And I think he was getting a little tired of sitting around the house."
For some time now, Strasburg had been something far different than a regular draftee. He threw the 109th and final inning of his college season on May 29, and when he walked off the mound, he temporarily abandoned life as a pitcher. In the period that followed -- straight through Monday's midnight signing deadline for drafted amateurs -- Strasburg was the target of negotiations that only gained momentum toward their endpoint, kept all parties waiting, and put Strasburg's professional career in a holding pattern.
Late Monday night, with the hours dwindling to sign their No. 1 draft pick, the Nationals were still waiting to find out if Strasburg would ever throw a pitch for them.
Those final hours of negotiations were the inevitable endpoint -- the landmark visible from way across the horizon, where the Strasburg-Nationals relationship began. Even last September, as Washington sank toward a major league-worst 102-loss season, then-general manager Jim Bowden talked of Strasburg as a clear-cut phenomenon. Those in his scouting department agreed. Twelve scouts who evaluated him each turned in the same conclusion: Strasburg was a future No. 1 starter.
Boras, who became Strasburg's adviser after the right-hander had finished his freshman year at San Diego State, priced accordingly. In March, while Strasburg was merely beginning his junior season, Boras first floated the number that would become as much a part of the pitcher's identity as his 102-mph fastball. Roughly $50 million: That's the contract Boras thought Strasburg deserved.
Though the benchmark figure was inconceivable, its hyperbole made the necessary point. Boras wanted for Strasburg something special, something precedent-setting. The 2008 No. 1 pick, high school shortstop Tim Beckham (Tampa Bay), had received $6.15 million. The 2007 No. 1 pick, Vanderbilt pitcher David Price (Tampa Bay), had received $5.6 million.
Strasburg, the thinking went, belonged in a different category -- not so much an example of how first overall picks should be paid, but rather, an example of how once-in-a-generation talents should be paid.
The expected difficulty of signing Strasburg didn't deter the Nationals from selecting him. On June 9, just minutes after 6 p.m., Washington selected Strasburg and began the intricate negotiating dance. Already, fans of the team had known of Strasburg's name for months.
Figuring out how much to offer -- and how desperately they needed him -- required some careful deliberation. The history of hyped pitchers, by itself, stood as a warning sign for caution. Ben McDonald (1989) and Brien Taylor (1991) and Prior (2001) were all, at various points, described as future rotation anchors. None ever fulfilled that promise.
But Washington also faced pressure from another side. In 2008, the organization had failed to reach a deal with first-round pick Aaron Crow, a pitcher from Missouri. The delays and missteps in those negotiations lent a telling reminder of what can go wrong in last-second deals. Alan and Randy Hendricks, who represented Crow, only gave their first proposed number on August 12, 2008, with about 60 hours left before the deadline. Crow, they said, wanted $9 million. Until the final day, Washington never offered more than $2.25 million.
Only at 11:44 p.m. on deadline night did Crow's demands drop from $9 million to $4.4 million. Crow, at the last minute, dropped the demand to $4 million, but Washington wouldn't go higher than $3.5 million.