Yankees sign Wang a one year contract for 5 million to avoid arbitration which is a smart move by Yankees. There is no need to go into arbitration again with Wang two years in a row. It was stupid enough for Yankees to go into arbitration with Wang last time when Yankees gave Cano a multi-years contract and sent out celebration of winning arbitration from team president. Not to going into arbitration again when giving out huge contracts to CC and Burnett and planning to let him pitch in no.3 spot is a smart move.
I understand why Yankees don't want to give Wang a multi-years contract. I just feel there is no need to go into arbitration for a small difference.
From a Yankees fan and team perspectives, I actually think Yankees should give Wang a multi-year contract this off-season. With each year passing by, it gets more and more difficult to sign Wang a multi-years contract. Wang makes it very clearly he wants to stay with Yankees forever if he can and he shows us he can pitch in New York with great personality on and off field. If we sign him this off-season, it will be a contract at a extreme bargain price for a pitcher like him. We may be able to get few options for first couple of free agency.
On top of that, we don't need to give him a no trade clause. If one day we want to trade him, we will be able to get a great package because of friendly team contract. I understand the relatively risk to sign a multi-years contract with a pitcher. But, every pitcher get hurt and it's not easy to get a good pitcher. I also understand there are many pitching prospects in Yankees farm system, but you never know what will happen to prospects. Not so many can become as good as Wang is. Not to mention many teams will lock their young stud pitchers earlier and there are not too many stud pitchers becoming free agents.
From a Taiwanese perspective, it's fine for me Yankees go year to year with Wang. Wang will become free agent at age 31 which will be the same season CC has his opt-out clause. This certainly can create some leverage for Wang. I don't think Yankees can afford to lose both of them in the same off-season. It certainly is better for Wang to enter free agent market at age 31 instead of age 33 if he sign a multi-year contract with options for first couple of free agency now.
If A.J can get a 5 years deal for 82.5 million at the same age Wang will become free agent, Wang certainly can get a better deal than that. Not to mention, the economy may become better 3 year later. On top of that, Wang can get a no trade clause to control the place he wants to go once Yankees want to trade him.
In the end, I think Yankees concern about Wang's shoulder. I believe Wang will be willing to sign a multi-years contract with Yankees at a bargain price after 2009 season even if he has a great 2009 season. If money is the most important thing for Wang, Boras will be his agent and he will take commercials as many as possible. Wang takes so few commercials every off-season in Taiwan and focuses on training and charity events more.