"According to club sources, because of a number of financial considerations, the Giants do not anticipate making the nine-figure investment required to sign Imai - or any of the other top pitchers on the free-agent market," Baggarly wrote. "Instead, the club is focusing on more modestly priced alternatives."
"First, there's the $17 million payment the Giants owe Dodgers pitcher Blake Snell on Jan. 15 as a deferred payment for his one season in San Francisco. A second factor is the considerable expenditure the Giants are making for their manager position, with $4 million owed to fired manager Bob Melvin, $3.5 million for new manager Tony Vitello's salary and the $3 million buyout paid to Vitello's old employer, the University of Tennessee. And third, Baggarly wrote about how the Giants selling 10% of the franchise to San Francisco-headquartered private equity firm Sixth Street in March, with a plan to use the cash for stadium upgrades, could be impacting roster decisions."
"Baggarly further said the "current preference" for the Giants is spending on short-term deals."
The Giants are unlikely to make nine-figure investments for top free-agent pitchers and are focusing on more modestly priced alternatives and short-term deals. The team has committed more than $133 million to its top six players after recent large additions. Immediate financial obligations include a $17 million deferred payment to Blake Snell, roughly $4 million owed to fired manager Bob Melvin, $3.5 million for incoming manager Tony Vitello's salary, and a $3 million buyout to the University of Tennessee. A 10% franchise sale to Sixth Street to fund stadium upgrades and private equity constraints may be influencing roster spending decisions.
Read at SFGATE
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