Ervin Santana is reportedly seeking a five-year deal worth $112 million, according to CBS' John Heyman. Santana posted a 3.24 ERA in 2013 and was surprisingly successful after posting a 5.16 ERA in 2012. However, Santana is notoriously inconsistent evident by his 46-45 record and a 3.92 ERA over the past four seasons.
Those are not the kinds of numbers that warrant $22 million per year.
Santana would be lucky to get $15 million per year, considering that he would set a new precedent for pitchers if he was awarded such a lucrative contract. What's more realistic is getting a contract similar to Edwin Jackson, who signed a four-year deal worth $52 million.
I imagine pitchers like Santana, Matt Garza, Ricky Nolasco, and others will wait for one pillar to fall in order to set the price going forward. If any of these pitchers eclipse the $80 million mark that would truly be a shock to the market.
It's possible teams will ride out the free agent calamity until prices come back to Earth. Perhaps teams like the Pirates, Phillies, Brewers, or Indians will jump on one of these guys as they are in need of pitching.
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