I was talking with someone about this earlier today...
Tom Gordon, for instance, wants a 3-year deal. If Gordon walks, you can make a very good argument that the Yankees may not be able to find a bullpen arm as good as him. However, you could also argue that it's very unlikely, given his age and his workload, that Gordon will still be producing at a high level for the entire duration of that contract.
How should the front office handle contracts like these? Is the reward of bringing one of the top bullpen arms back worth the risk of potentially having a declining player in 2007 and 2008?



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