The Internet was buzzing yesterday with news of the latest baseball mega-deal: Centerfielder Jacoby Ellsbury agreed to a seven-year $153 million deal with the New York Yankees.
The numbers are staggering. The contract is among the largest of all time. Ellsbury, who just completed his age-30 season, bears some resemblance to a speedy outfielder that the Indians signed last offseason: Michael Bourn. Yet the two contracts couldn’t be any more different. [Read more...]