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Shin-Soo Choo Rejected New York Yankees 7-Year, $140 Million Offer; Lead to Carlos Beltran Signing

December 19th, 2013 at 1:00 AM
By Douglas Rush

When the winter offseason began for Cincinnati Reds outfielder Shin-Soo Choo, he was hopeful of landing a deal in the $100 million range.

So when it was found out that Choo actually rejected a deal from the New York Yankees for seven years and $140 million, it came as a major surprise to everyone around baseball considering that offer was considered an extremely generous one and one that he might not get anywhere else around the league.

Yet, according to Jeff Passan of Yahoo Sports, Choo turned down the Yankees offer after the Yankees signed Jacoby Ellsbury to a seven-year, $153 million deal two weeks ago and his agent Scott Boras, who is the agent for both outfielders, turned around and countered the $140 million offer from the Yankees and asked for more money in a deal.

"In the aftermath of Robinson Cano's defection to Seattle, New York presented Choo a seven-year, $140 million deal, three sources outside the Yankees' organization told Yahoo Sports. When Boras countered asking for more money – one source indicated he wanted "Ellsbury money," or $153 million over seven years – the Yankees pulled the offer and signed Carlos Beltran to a three-year, $45 million deal."

That lead to the Yankees saying no thanks and then signing Carlos Beltran later in the week for a lot less money; three years and $45 million, a move that many considered to be a better move in the short term for the team and could end up being better long-term, as having Choo's money on the payroll for that long may not seem like a wise move and the Yankees can look to other free agents to sign in 2016.

In 2013, Choo hit .285 with 21 home runs and 54 RBI with a .423 on-base percentage for the Reds; he also had 20 stolen bases and drew 112 walks, which are solid numbers, but for $140 million? Not quite.

Even in Choo's best season, which was in 2010 for the Cleveland Indians where hit hit .300 with 22 home runs, 90 RBI and had a .401 on-base percentage, those numbers still don't constitute a $140 million deal by any stretch of the imagination, but when your agent is Scott Boras, those are the kind of demands players end up asking.

Many thought Choo could land something in the Jayson Werth range, which was for $126 million over seven years, but right now, not too many teams are kicking down the door to sign Choo anytime soon.

It'll be interesting to see what kind of deal Choo lands this coming winter and if he ends up signing for less money; which will make people wonder if Choo turning the Yankees offer down was a bad move on the Korean players' part.

Photo creditKeith Allison / / CC BY-SA

Tags: Baseball, Carlos Beltran, Jacoby Ellsbury, MLB, New York, New York Yankees, Shin-Soo Choo

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