It shouldn't be any surprise that the free agent market gets crazier and crazier every season. Reports today had Eric Byrnes resigning with the Diamondbacks for a reported 3 years and $30M.
Byrnes is a useful enough player. The Orioles should have held onto him after acquiring him from the Rockies at the 2005 trade deadline, but they were scared off by an abysmal end to that season. Byrnes righted his career by hitting 26 HR with Arizona in 2006. This year he's hitting over .300 and slugging just a tick under .500.
But to commit $10M to his age 32-34 seasons is ridiculous. That's the nature of Free Agent contracts, but in the two seasons before this one Byrnes had OBPs of .294 and .313. He has a career OPS+ of 102, with extreme platoon splits (.888 vs LHP, .740 vs RHP).
Eight figures for a 32 year old who has been average throughout his career and would be well-served in a part-time role? God Bless America.
At least Arizona won't regret it as much as the Dodgers regret signing Juan Pierre to man CF for them. In the first year of a 5 year/$44M deal, Pierre has put up a .277/.314/.331 (OPS+ = 69) line with 0 HR. At least he has 44 steals.