Today I was looking over the early free agent signings, trying to get an idea of how much free agents were getting paid per win this off-season. In the past, free agents usually received $4-5 M per win, with the $5 M total coming in recent years. The idea floating around is that free agent prices will be going up this off-season with the new National TV revenue kicking in. My theory before looking at the free agents who have signed was that they would be getting more than $5 M per win. After looking over all of the numbers, I was surprised to see that players are still getting close to $5 M per win. It just comes with a catch for each player, which I detail below. If you want to skip over the part where I show my work, and get right to the summary, that's below.

Tim Lincecum (2 years, $...

To continue reading the rest of this article, subscribe to Pirates Prospects. Subscribers get access to every article on the site, along with all of our exclusive live coverage of the Pirates' minor league system, all for a very low monthly or yearly rate.

If you're already a member, you can log in below. If you think you're receiving this message in error, please e-mail tim@piratesprospects.com.