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Saving a Few Pennies

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The Dodgers made a hell of a deal yesterday, signing Brad Penny to a contract extension worth $8 million a season for 3, possibly 4 more years. Penny has slowly been getting better this season as he gets over his bizarre nerve injury. While that injury cost the team a year ago, now it is actually helpful. Without it, Penny might have been able to command much more money. Had the Dodgers let Penny become a free agent, he would have been ridiculously expensive, probably seeking more than $10 million a season for at least 5 years.

But Penny wanted to sign now. And so DePodesta got Penny locked up at time when his value would never be lower. He bought low. That's good financial planning.