Last week the two parties agreed to a five-year extension that will see Hernandez paid, on average, over $27 million per year over the span of that deal. Add that to his current contract, with two years left, and he is set to make $175 million over seven seasons.
It is certainly not surprising to see a team wanting to tie up a star player like Seattle is doing, and in fact, it's nice to see this and not a free-agent crazy house like what would have happened in two years had this deal not come up.
There is, unfortunately, one little snag holding things up—Hernandez's health. The Seattle Times reported that the negotiations hit a standstill after a physical revealed an "elbow issue." An MRI showed it to be just "wear and tear" and not something major, and the deal could be finalized soon.
However, an issue like wear in an elbow is certainly worrying, especially on a pitcher who is about to make well over $20 million a year over the next seven years. You don't want to get yourself caught in a deal you can't turn around on.
So is this big deal worth the risk? Let's take a closer look.