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Originally Posted by kutulu
The going rate was about $4.5M this offseason. They gave him twice the market value for a marginal improvement over the other top closers.
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That's a great table you reproduced, thanks for putting that up there for us.
In theory, if you can get someone to do just as good as the guy you have for half the money, it's a no-brainer. What the GM has to contend with is the practical effect of letting someone like Gagne go and signing an available, almost as good but half the cost, closer, then dealing with the fans and media when (a) Gagne has another knockout season and (b) the new guy turns into a John Rocker (performance wise) or a Robb Nen (healthwise). It's easier to keep the known quantity, keep the fans happy that buy those season tickets and then blame the bad luck of the injury when things don't go as planned.
And the GM is going to take the path of least resistance most of the time.