The Free Press is reporting Nate Robertson has signed a 3 year, 21.25 million dollar contract. This contract buys out two years of arbitration eligibility and one year of free agency. In my mind, this is a deserved contract. Even though Robertson has been around average in his time with the Tigers, left-handed pitchers are historically more expensive than their right-handed counterparts. This is the going rate for a left-handed starting pitcher, especially one who is strong in the community with a good head on his shoulders.
Using some of the procedures laid out in Vince Gennaro's Diamond Dollars (expect a review on that in the coming days and analysis of tools learned in the book over the coming year), I have estimated Nate Robertson to be worth roughly $29 million over the next three years if he was a free agent. By those calculations, this will be a good deal, even though he projects to be overpaid in 2010. I'll have more on those calculations in the coming days.
Marcus Thames, Bobby Seay, and Miguel Cabrera all the remaining arbitration eligible players.