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There are three components of this deal that we need to consider.
First, do we want him in Seattle? There are valid arguments for both sides here. Some say that he'll be the next Adrian Beltre or Richie Sexon bust and that SAFECO Field will ensure a drop in his numbers. They argue that spending all of our money in one place is foolish since we aren't be just one piece away from a championship team.
The other side claims that Fielder is the perfect solution to the Mariners' hitting problem. There is an upcoming wave of hitters in Seattle that has a promising future, but there isn't a superstar slugger like Fielder. They say he's the missing puzzle piece, and that when combined with the young talent and lethal pitching in Seattle, Fielder will prosper.
Personally, I side with the latter camp. Money is not the premiere issue to be concerned about right now—the owners aren't losing money. In fact, the franchise has been an economic success as of late due in major part to the dedicated fanbase.
Performance is the issue at hand. It's unquestionable that Fielder would increase the level of performance of the Mariners offense if he were to come to Seattle. And that's a pleasant thought for the scoring-deprived Mariners.
Second, does he want to come to Seattle? Well, this is much less objective, and it will probably depend a good deal on how much he's offered, but as far as I know, he hasn't expressed any disinclinations toward Seattle.
It's true that SAFECO is a pitcher's park, but as a lefty, he has the advantage.
Third, can we afford him? Yes. There's not really a discussion to be had about this. The owners have the money, and he would inevitably return profits from advertising and increased fan attendance.
The real question here is: Should the M's spend a lot on Fielder, or should they spread it out and add a few less-talented players. I vote for Fielder again. There isn't a lot of room in the Mariners lineup these days.
Sure, there's plenty of flexibility since very few of the players on the M's have truly earned their spots (yet), but why pay extra to fill spots that you could fill with pure, homegrown talent.
An additional reason for bringing Fielder to Seattle is the allure of having him with the Mariners, Albert Pujols with the Angels and Nelson Cruz with the Rangers—that's three of the top hitters in the league, all in the AL West.
And if for no other reason, Fielder should come to Seattle just so we can have King Felix and Prince Fielder.