For a few weeks, rumors of teams bidding for Masahiro Tanaka were relatively quiet. But after the Japanese pitcher landed in Los Angeles recently, teams have been clamoring to get their hands on the 25-year-old.
Reports leaked on Friday afternoon suggesting the Los Angeles Dodgers would not be outbid for Tanaka’s services and now the Chicago Cubs have put their foot through the door, suggesting they’re willing to make a nine-figure investment in the young arm:
The Cubs are prepared to make a nine-figure investment in Tanaka, according to a source familiar with the team’s thinking. A 25-year-old Japanese ace would fit into the long-range business/baseball plans at a renovated Wrigley Field and a future TV network. But multiple officials have predicted the money is going to get “silly” and another desperate, free-spending team will blow them away with more years and dollars.
While ‘nine-figures’ seems to be extremely expensive at first glance, we don’t know what end of the spectrum the Cubs are looking at. Are they going to invest $100 million? $150 million? $200 million?
It’s expected that Tanaka will draw upwards of $20 million (give or take) per season, so nine-figures appears to be relatively standard for a five-year deal.