Oh BTW, it appears now were gonna lose Vlad too..............according to a reliable Indians fan site and their team sources.
December 11, 2003
CIR UPDATE: INDIANS TO SIGN GUERRERO!
Just one day before the start of baseball's winter meetings in New Orleans, the CIR (cir.blogspot.com) has learned that Mark Shapiro and the Cleveland Indians are poised to drop one of the biggest bombshells in recent winter meetings history as the Indians are close to an agreement with Expos superstar outfielder Vladimir Guerrero on a multi-year contract.
Unusual circumstances have brought Guerrero and the Tribe together as a soft free-agent market and big market teams filling their needs (or soon to fill them) through trade left a rapidly shrinking market for the 27-year old who hit .330/.426/.586/1.012 with 25 homeruns while plagued by back problems last season.
Sources close to Guerrero indicated that only one other team had shown serious interest and that expected offers from the big market clubs never materialized. Additionally, the Guerrero camp was informed over the weekend not to expect bids from the Angels and Braves as they were going to allocate their dollars towards other needs. This unexpected turn of events forced Guerrero's agent to solicit interest from other teams via a series of letters and e-mails. A source close to the Indians says that it was the first letter which indicated whether or not Guerrero was serious about playing in Cleveland.
Terms of the contract are still being held close by both sides but the source confirmed that it will be a four-year contract worth $60 million and that the Tribe will hold two club options for 2008 and 2009 that Guerrero can vest automatically based on performance. Other escalators and incentives can push the total value of the contract even higher. Although the dollars may differ, structurally, the deal is very similar to what we offered Jim Thome last season claims the source.
Key to this deal is the Indians ability to shed enough payroll to add a contract of this magnitude.
It's expected that Omar Vizquel will be traded to the Seattle Mariners and that deal could be announced as soon as tomorrow. The Mariners are expected to absorb all of Vizquel's 2004 salary now that they have been informed by Miguel Tejada's camp that the three-year, $24 million offer they made for the former AL MVP is short on both money and years. A trade with the Red Sox or Athletics involving Bob Wickman will follow depending on the outcome of the Keith Foulke sweepstakes. That deal is currently being reviewed by major league baseball as a complicated set of performance triggers will be used to determine how much of Wickman's 2004 salary the Indians will ultimately have to cover. Josh Bard may also be included in the deal with Oakland in exchange for the A's absorbing more of Wickman's 2004 salary.
Dealing Vizquel ($7 million) and Wickman ($5 million) will (potentially) save the Indians $12 million in 2004. Non-tendering Danys Baez and Jake Westbrook will save an additional $2-3 million which closely adds up to the $15 million that Guerrero will earn next season.
Depth in the outfield, with a projected starting threesome of Guerrero, Milton Bradley, and Jody Gerut, will now likely allow the Indians to consider moving Ryan Ludwick, Alex Escobar, and/or Alex Escobar for pitching and infield help. A small increase in payroll (originally projected at $43 million for 2004) will likely follow and our source reports that Indians are currently running revenue projection models to estimate the impact this signing will have on ticket sales and sponsorships.
It's expected that Guerrero will be in Cleveland tomorrow or Saturday for a physical and an official announcement could follow as soon as Monday.
Neither the Indians or Guerrero's agents returned calls this evening.
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