By now you’ve surely seen the news: the Brewers are closing in on a new deal with superstar Christian Yelich. We’ll presume it’s completed for purposes of this post.
This contract arises even as the Brewers reach the final guaranteed year of their deal with long-time star Ryan Braun. Yelich had already supplanted him as the face of the franchis. Now, the younger outfielder will step into the top salary slot for the team.
Things can always change — lest we forget, the Brewers have at various points dangled Braun in trade talks in recent years — but Yelich seems destined to play in those sweet new Milwaukee unis for much of the rest of his career.
How to understand this deal? The 28-year-old Yelich was already under team control for three remaining seasons under the prior extension he inked as a member of the Marlins, so there wasn’t a huge rush. But the Brewers obviously felt now was the time to act if they were going to keep him around at a palatable price tag.
With seven years and (approximately) $187.25MM in new money, this deal provides Yelich with an eye-popping salary by any reasonable standard. But it’s a clear discount as compared to the values we saw in the free-agent market this winter. Consider that Anthony Rendon just sold the same portion of his career (age 30-36 seasons) for $245MM.
Great as Rendon is, he hasn’t matched Yelich in productivity. But the Brewers earned their discount by promising the money in advance — thus taking on quite a bit more risk. The most direct comparable, perhaps, is the early 2018 deal reached between the Astros and Jose Altuve when he was still two years away from the open market. Altuve only received five additional guaranteed years but got a heftier annual salary in his agreement (five years, $151MM).
It isn’t hard to understand the math for the team. On the player side, it’s hard to resist the temptation of a potential future bonanza. But Yelich was a long ways from the open market and quite a lot can change in the interim, as his freak late-2019 knee injury shows. There’s also some off-field value for both sides in striking this sort of bargain in advance. Yelich gets the comfort and assurance of knowing where he’ll play. No doubt he’ll also find it easy to strike whatever marketing deals he might like. And the club gets to promote the player as one of the franchise’s all-time greats while plotting its long-term roster moves around his presence.
So … win-win? Or is there a different way we ought to view this pact? (Poll link for app users.)
DarkSide830
absolute bargain. he’s well better then Harper and isnt locked in past his prime
Clayton Russell
How long do you think his prime is going to be? Its a reasonable deal but his existing contract had him locked up through his prime. This could turn south in a few years. Corner outfielders are too easy to find. Remember, Harper was this kind of hitter a few years ago and look at his numbers now. It’s definitely below market, but I still think they should have waited.
Rcrewfan
Waited for what? He puts up more mvp type of years and then he is out of Brewers price range.
Robertowannabe
And if he does not put up more mvp type of years then the Brewers overpaid. It is a gamble for both sides. Gamble for the Brewers that they did not overpay and gamble for Yelich that he did not settle too low. TIme will tell.
WAH1447
Most people consider prime years for most athletes between the ages of 27-33, but that’s just an overall view of all the players but each player is different yelich’s prime could be from 26-35, we just don’t know. In his age 35 season he could still be hitting 300/400/500 slash line with 30 plus homers and 100 plus RBIs. Or when he is 30 his production could fall off and be a 250/350/480 guy with 20 plus homers and 80 plus RBIs and stay around those numbers for the remainder of the contract. Anyways it’s a win win for both parties nobody is going to complain about getting nearly $200 million guaranteed for the next 7-10 years. He gets to be the face of the franchise settle down in Milwaukee, and make millions off endorsements. Yelich is a top 5 position player in the game if not number 3 behind Mookie and trout(Acuna is not far behind and at some point will be number 2 if not number 1 once trout is in his mid 30s and acuna is still in the heart of his prime)
brandons-3
The closer a player gets to free agency, the likelier they test the waters. Yelich surely would’ve cleared well past $200 if he entered the market. Whether it was now or later, no player of Yelich’s stature was ever going to sign a short term deal, or one that’s front loaded. Overpaying in their mid-to-late 30’s is par the course for teams. This contract isn’t that bad should they need to trade it in a couple years anyways. It’s a great deal for the Brewers.
halo6219
How do you figure? 34-35 is beyond the prime years….this isn’t the steroid era…if healthy he will be able to sign another contract but it won’t be a top $$ contract…
just goes to show that not all players are greedy bastards and demand to be “the highest paid” which lasts a week these days…he left $$ on the table but he’s still getting $200 freaking million +
Phanatic 2022
Prime is still going at 38??
Maurice Lock
The Cardinals still think Molina is in his prime at 38. That’s why they’re paying him $20M. Fools.
qbert1996
Cardinals are paying Molina because he’s the face of the franchise bud and because he was outperformed his last contract. He’s worth every bit of $20 million to St. Louis
Maurice Lock
Thanks for that tidbit, “bud.” Outperforming a previous contract is the DUMBEST reason to overpay someone. Can’t wait to see that “face of the franchise” come back on Opening Day when he’s 60 and those neck tattoos looking so stylish. And he’s absolutely NOT worth $20M now or ever.
Tim_Buck-Two
Guess the Angels still think Pujols is in his prime at age 40 so they are paying him 25 million and plan to pay him 25 million for his age 41 season. Guess the Yankees thought Giancarlo Stantons past injury history would disappear when they took on his 25 million a year contract. Guess the Rangers thought Prince Fielder wasn’t gonna turn out like Mo Vaughn or Albert Belle, guess the Angels also thought Josh Hamilton was a good idea.
DarkSide830
sorry, guess i misread originally. did not know it was 7 years past the 3 he already has left.
Vladguerrerojr20
Yelich is an absolute superstar right now, but they still had 3 years of bargain control. A lot can change in 3 years though( regression, Injuries). It’s a huge risk for the Crew as they are essentially changing one of the best( if not the best) contracts in all of baseball into a mega deal which is fine considering his production but his trade value is now exponentially reduced. I’m sure teams like the Rays, Reds, Braves, A’s and other small market teams would have been checking in on yelich in. 1-2 years if the brewers weren’t competing, he’s now way too expensive for any of those teams to give up bluechippers for. The Crew is really banking on him to keep this production up for 5-7 years.
Rcrewfan
So why not sign the superstar right now? You can never see the future and there is always what if’s in this world. What if he stays the same? What if he declines? I could sit here all day and say what if’s. What we have to remember is the Brewers like what they saw in him and got him at a bargain compared to other superstars.
Mike Trout 12yrs 425million
Gerrit Cole 9yrs 324million
Bryce Harper 13yrs 330million
Manny Machado 10yrs 300million
Anthony Rendon 7yrs 245million
Stephen Strasburg 7years 245million
There are what if’s in every contract.
its_happening
Why not sign the superstar now? Because the Brewers may be 4 months away from starting a rebuild. Yes, as early as 4 months and more than likely after 2021.
Brewers aren’t willing to spend $200-mil to win or stack talent around Yelich, so why bother extending him when trading him would bring back a massive return.
Brewers have proven they aren’t ready to take that next step, and the next step should be firing Stearns for this offseason and this massive extension.
AssumeFactsNotInEvidence
I didn’t realize the Brewers sub 100 million dollar payroll needed to double for them to be competitive! But our armchair GM over here thinks that’s the case!
Fire Stearns! Hire WAJGH! Just don’t disagree with any of his opinions or you’ll have a real hissy fit coming your way!
Rcrewfan
Fire Sterns? LOL thats just laughable!!
Lets just say that in 4 months like you say they start rebuilding….. Heck why not rebuild around one of the best players playing the game today. You need to rebuild around a star don’t you?
pfunknut
They just replaced half the team and u say a rebuild is 4 mos away? They picked up comparable talent. They shed payroll to sign yelich. I dont understand your reasoning at all. This is a win win. But time will ultimately tell.
2id
Yes because everyone knows doubling payroll automatically guarantees championships. Just ask the Dodgers and the Yankees.
its_happening
Rcrew – to answer your last question, it’s laughable to suggest the Brewers would build around Yelich on a shoestring budget once he starts to really make big money and then the arbitration dollars kick in to Hader, Woodruff etc. Then the age factor with Cain. If the Brewers stumble out of the gate in 2020, and I believe there is a chance, why wouldn’t the Brewers explore a possible rebuild?
its_happening
2ld – Until the Brewers are willing to spend for that extra player to beat LA or even Atlanta or St Louis, let me know. The offseason acquisitions aren’t going to move the needle in October.
its_happening
pfunk – the rebuild could be as early as 4 months away, it could be a year and 4 months away. They do not have the prospect capital. So the first option would be to spend. The Brewers will nickel and dime, and that’s nice if they are an up-and-coming team. They aren’t. They are supposed to be contenders. If they had prospects to bring up or deal and surround Yelich and company I could understand the way-too-long extension. It could become a lose-lose for both sides real fast if the Brewers can’t win games and Yelich isn’t playing like a Top 5 player (he’s Top 5 in my opinion).
brewerswin
That may be the most hideous comment I have seen yet. Without Stearns the brewers would still be near the bottom each year. Stearns has done great with the little additions that have had huge success and this year may be the best year yet. They are loaded at infield depth and Peralta is going to have a huge year I think. The Brewers will have a very good team this year as long as they can stay healthy. David Stearns is one of the best gm’s in baseball and may be the best.
Manfredsajoke
If Yelich can keep it up it will be a good deal. Look what happened with Braun though he really hasn’t been a superstar for several years now (might have to do with not using PED’s anymore). Not really sure why to spend big dollars on this guy though outside of Hader this team really has average pitching.
outinleftfield
Prime is 26-30. He is locked in through 36, well past his prime.
hyraxwithaflamethrower
True, but with good conditioning (or good luck), some players can stay extremely productive well past 30. Josh Donaldson, Nelson Cruz, Encarnacion. More often than not, you’re right, but there are certainly notable exceptions.
toastyroasty
Considering that they got him for practically nothing, they could’ve afforded to pay even more or extended the term. I believe his agent left money on the table
jbigz12
Money that Yelich couldn’t get for another 3 years. It’s hard to say Yelich left money on the table. Unlike Arenado, Harper, Machado etc. Yelich was under control for a lot longer. This deal is commensurate with the risk that Yelich had to bear to wait for free agency.
toastyroasty
Good response. I can understand that angle of approach as well.
tigerdoc616
Win – Win. Brewers lock up a premium talent and a player fans want to see. He is truly the face of the franchise for the foreseeable future. Yelich gets paid pretty well, he gets security. Sure, he might have got more on the open market in 2 years. But that security, plus playing for an organization he apparently likes playing for was more valuable to him than testing the open market.
Reycoti1
How much Will pay Rendón in taxes for 245MM $ in California an Yelich for 190 MM $ in Milwaukee? Probably thats The point of view of the Yelich side!
Vizionaire
4-5% differences at their income lebel should not be a deal breaker for intelligent persons. but since it looks like you live in certain states with no minimum wages it would make a huge difference for you making $2.00 an hour and working only 3 days a week!
whynot 2
That’s right, the whole income tax argument is irrelevant. The way they are taxed is quite complex, it not as simple as saying they reside in a low vs high tax state. They are actually taxed based on the locations they play. Plus, at that level of income they are able to hire accountants and tax lawyers that can make most of their tax liability disappear if they are so inclined.
outinleftfield
The difference in taxes are not that big of a deal. You pay taxes based on where you play your games.
The difference between California and Wisconsin is .29% 9.47% vs 9.18%
I live in California and make a comfortable 6 figure income and paid 3.25% in state taxes after you take into account all my tax right offs.
Google tax burden by state.
Brewers39
You make six figures and don’t know the difference between “right” and “write”? LOL.
MikeEmbletonSmellsBad
Outinleftfield is Koamalu
anvil35
Kinda informs on the mindset and attitudinal differences between Yelich and Betts!! Mookie was offered 10-300 and refused. And an arguably better player accepted 9-210. Guess we understand Betts is more about himself while claiming he held out for a better deal for players to follow. Id take Yelich all day and every day over Betts – and I am a sox fan!!!
Jeff Todd
Firstly, there’s no reason to judge a guy for deciding he’d rather wait for free agency. Even if the offer was truly overwhelming, why can’t he prefer to choose his own place of employment?
Beyond that, the situations were completely different. Vastly different bargaining power.
Betts is earning $27MM this year through arbitration and will be a free agent at 28.
Yelich, because of his prior extension, will earn less than that for the 2020-21 seasons combined. And then there’s an affordable option for another season. He’d be a free agent in advance of his age-31 season.
bush1
Completely agree. People who compare this Yelich extension in anyway to the Betts situation are clueless. The Brewers had Yelich by the balls because of how bad his previous extension was.
Prospectnvstr
Completely different situations. Yelich knows that he can still make so many MILLIONS of dollars. He’s set his family up for GENERATIONS to come.
anvil35
Firstly, I disagree. 10 -300 isnt enough?..so instead of paying 20 bucks for a beer at Fens you are alright with paying 30. Must be nice.
I dont care what their situations are/were. Betts came across as not accepting 300 million for “future players” salaries. As if what he was doing was philanthropic or for the greater good. What a bunch of crap!? With his move to LA, in a much bigger park, and no cheating occuring, he will never get close to his average season statistically. I would put money on that.
And I still would want Yelich on my team over Betts…
LordBanana
Player salaries don’t effect ticket or concession prices. Ridiculous argument
Lovinmlb
Betts = McCutchen 2.0
Some team will pay him. Good luck with that. He doesn’t seem to be the type to age well. Who knows for sure but too much money and risk involved imo. Good for him though, can’t blame him.
Lovinmlb
Ticket and concession prices are set at the highest amount that a majority of people are willing to pay.
trace
This makes no sense. Betts is just a tough customer. He has a mind set and sticking to it. Many would signed the document before it dried up. Betts has his reasons and is firm about it. A trait you must admired. He is strong will.
baumann
Even disregarding the entirely different contexts created by their age/existing contracts, Betts and Yelich are not the same. These guys are individuals who have different personal concerns, preferences, etc.
Mookie saying he wants to set a precedent for other players to get paid isn’t the only reason he was waiting for free agency, but you can’t dismiss it with a wave of your hand. It’s very likely part of his motivation, and is a valuable thing for a player of his caliber to do for his peers. There are wider cultural, economic, and political implications that Mookie might be considering.
bravesfan
I never blame the player for taking the money earlier even if theoretically he could make more in the long run. Take the money today, enjoy it. Never know if you’d get injured or lightning strikes you in a couples years and you lose out on that money. It’s not like he’s not getting life changing money as it is. This is the kind of money that can set your family beyond your grandkids
bobtillman
Again, this is a model organization in the small/mid market range. Sure they make mistakes; who doesn’t? But overall, they operate right up against what they likely can spend, and do so intelligently. And Yellich has given no indication he’s the type that “sits” on a guaranteed contract.
Win-win, not only for Brewers and Yellich, but for MLB as a whole.
2id
This. X2
5TUNT1N
The most upsetting part of this extension, the fact my team and most others now are further away from having the amazing player that is Christian Yelich! Great deal for all involved but the kid could’ve gotten more, not that he should have.
Vanilla Good
So option 5: Win-win-win!
PiratesFan1981
I can’t vote for any of the three options. To me, the market is unpredictable each year. Position players in early 30s in FA have struggled to get a pretty solid contract. Put that into consideration when thinking about this: “playing it safe” and sign a new contract now, Gives him the grantee money he felt was owed to him. Could he be worth more later? That is unknown due to the inconsistent market each year. If he was a Cole like pitcher, he would have gotten a bigger contract if he hit the FA. But position players are challenged quite a bit in their 30s. They get broke down by so many elements now, that age is your biggest issue and devalues you and the contract you should have.
expos771
its a bargain for the brewers in today market if compare to harper machado rondon an probably betts next year
but those long contrat will probably end up in fishtail in 5/7 years like many
Chris
Seems like an absolute bargain
hyraxwithaflamethrower
I wouldn’t say absolute. Imagine that he waited 3 years to hit FA. With his current earnings, he’d have to make $36.9M (approx.) for the next 4 years to get this kind of money. Possible if he keeps his current level of production, but no guarantee. The biggest argument for waiting would be that he could still get a fairly long deal at 31, while he doesn’t have a realistic shot at that at 35 and would get a lower AAV then anyway. As I said below, I think he gave them a slight discount, all things considered, but it’s not exactly a terrible deal for him.
Les Chesterfield
Apparently he didn’t regret leaving all that money on the table when he signed his last extension. Good for him.
raysfaninboston
Its a good deal for Yelich. If he kept performing at his current level for the next 3 years he would get more money, but between injury concerns or just a possible natural regression that’s not a guarantee of any kind, and even if he does keep up this performance its not like he won’t get paid, its still close to $190 million in new money, hard to imagine him ever being too disappointed with that. As for the Brewers, obviously there is risk involved, but that’s true of any big contract given out, and Yelich is a great player who has the possibility of producing for the entire length of the extension, so its a good risk to take. I say win/win.
clepto
This? And all that “unbelievable depth”?? Look out NL Central!
brucenewton
Don’t see too many super long deals like this from NL clubs. The DH must be coming. Speed and defensive ability likely to be all but gone near the end. Sluggers tend to get bulky in their 30’s, don’t we all, if he stays lean he could be alright till the end of the deal. Looks like a win-win.
pdxbrewcrew
If not with this CBA, the NL will have the DH with the next one. Which would be right in line with Yelich’s last two years.
hyraxwithaflamethrower
I think it’s a bargain, considering what Rendon got and what Betts will get when he hits the market, but not a huge one. He would have been playing for 3 more years before hitting FA without the deal, so being 31 would have limited his value somewhat. I think he gave a small hometown discount to them, but that’s the cost of having a high level of certainty. I have to give the Brewers credit for locking up their stars to extensions when they can, unlike their division rival just to the south.
pdxbrewcrew
He’d have limited value as a 31 year-old only if he loses anything. If his production over those three years remained steady, age wouldn’t limit his value so it would be below $30 M.
$crewBaLL
ill take Yelich over Harper any day of the week.
leftyleftylefty
Could be huge trouble for the Brew Crew since the sign stealing has been exposed.
2id
Are you implying the Brewers and Yelich have stolen signs like the ‘Stros?
brewerswin
That may be the most hideous comment I have seen yet. Without Stearns the brewers would still be near the bottom each year. Stearns has done great with the little additions that have had huge success and this year may be the best year yet. They are loaded at infield depth and Peralta is going to have a huge year I think. The Brewers will have a very good team this year as long as they can stay healthy. David Stearns is one of the best gm’s in baseball and may be the best.
Mangtangeer
Bargain for the Brewers, a deal that Yelich will end up regretting.
ballnglove
Not many people in the world end up regretting a 215 million dollar contract to play a game.
sufferforsnakes
Continuing insanity.
Vanilla Good
Please elaborate.
Iknowmorebaseball
Any fan that See’s the Brewers as rivals to their favorite team are wanting this deal to go through. These are back breaker deal’s for teams. Remember x-shortstop on the Rockies named Troy, Twins Justin and Albert. Any superstar that signs a huge money contact which includes taking them pass their prime years have a great set up because they are guaranteed the massive paycheck no matter what they do or what happens to their health. Usually turns out that they regress, perhaps a lack of motivation is likely from players when locked in to guaranteed money. Health is the biggest factor that represents high risk to a team that give long lucrative contrats out.
Vanilla Good
Sure, just don’t watch baseball for 4 years and then you might be right.
bcjd
I’m a risk-averse guy, so from the player’s POV I see this as a no-brainer. Someone promises me $180m, I take it, even if I could maybe, possibly get more down the road. That’s life-changing money right there. A smart person can make sure s/he lives comfortably the rest of his/her life on that, and still leave plenty to make sure the kids are taken care of.
From a business POV, I think it’s also a win. This is not the kind of contract that hamstrings the Brewers for a decade, even if Yellich gets hurt and never plays another day in his life. Sure, it’s not nothing, but a team like the Brewers can have one, maybe two, big bad contracts on their books and still find a way to compete (and be profitable). This one is big, but it’s not an outsized portion of their overall revenue picture.
Benjamin Markham
I’m not sure why the normally very correct MLBTR is reporting this as 7 new years. The 2022 option may not be guaranteed but at $15m, ($13.75 over the buyout) Yelich would have to have experienced quite the collapse for the Brewers not to exercise it.
When considering the option year, before the extension the Brewers would have paid Yelich $41.5m over the next 3 years. That makes the new deal $173.5m in new money over 6 years, starting 3 years in the future. He’ll be entering his age 31 season at that point.
Chris Koch
The last option year was torn up, so the extension contract begins in 2022. Thus 7yrs
Benjamin Markham
That may be semantically correct, it’s just not a very useful way to look at it, imo. They didn’t tear up the option in a vacuum, it was part of the deal. They would still have it if this deal didn’t happen.
The alternative here if the Brewers don’t make this deal is that they still control him for 3 cheap years. It should be looked at in terms of what they are paying over 41.5m, and for how long after the 3 years they already controlled, being that Yelich was such a virtual certainty to be worth the $13.75m over the buy-out in 2022.
When looked at from that angle, the Brewers are paying almost a $30m AAV, 3 years in advance for Yelich’s age 31-36 seasons. Not to say that this makes it a bad deal for the team necessarily, but it’s at least less good when considered from this more accurate perspective.
Lovinmlb
Correct 6 more years 173 and a half million new $ and years. Roughly 29 million a year for his age 31 to 36 seasons. They might of tore up the old contract and old option but unless he was hurt or suspended or something crazy that 15 million option was going to be used. Its like worrying Rizzos options won’t be exercised or Stanton is going to opt out.
pasha2k
They won’t have any money left to pay the Brockstar, so he’ll hafta return to Boston!
Chris Koch
Should be a great deal. Yelich was doing better than his mvp season before injuring his kneecap and unable to finish the season. The future of the NL may feature the DH before this contract ends. That would keep the bat in play without age decline of defense. Or he could be moved to 1b to negate defense decline as ages. Pretty sure he was drafted as a 1b so it wouldnt be a foreign position for him. Brewers are pretty much blessed right now with Yelich&Hiura to be the Braun&Fielder combo a decade ago. Only this time they are producing pitching from the minors vs what those two had to watch.
frankf
The question should be are the Brewers capable of building around him.
MannyPineappleExpress9
Playoffs last 2 years with what everyone still says were pitching staffs that couldn’t get them there.
Just because they don’t or can’t sign the Strasburg or Scherzers of the world doesn’t mean they can’t compete. And I believe the staff is in better shape now than either of the past 2 seasons.
eddiemathews
By the time we get 5 years into this deal the cost will be well below what new FAs will be getiing.
Logjammer D"Baggagecling
Not all about money for some players. Unfortunately it is for most
hyraxwithaflamethrower
@Wrek, this may be the first thing you’ve said on here that I’ve actually agreed with.
Socrates Curveball
Everyone’s Pro Player. This is an egregious overpay buying away all the injury risk off a major surgery for Age 31+ seasons.
zwmartin
It’s $50 million less than rendon for one of the best 3 or 4 players in the game. It’s a discount for sure
Rosstradamus
Gotta be Win-Win here!
Yelich padding his bank account 200M is a no-brainer, unless he’s super greedy or has a massive ego! Any smart person would take that kind of money, especially if it’s a place you’re comfortable with! Sure he MAY get more IF he keeps producing from SOME place else, but that wouldn’t be very wise imo! This is still alot of money and he’s set for life RIGHT NOW!
Brewers lock-up fan fav and elite player thru his best years(then some maybe) but who else are the Brew Crew gonna attract Free Agent? nobody’s going to Milwaukee, so good deal for them for a guy who has ALREADY produced big there, has a huge fan base and is a star who ACTUALLY seems to want to be there…not to mention Yelich isn’t the type(to me anyways) to get fat and lazy and slide off the radar like alot of long-term contract guys do, he has the work ethic I think is safer to bet on than most!
Hope it works out well for BOTH
Lovinmlb
Win win. If anything Brewers could of gotten him for a little less. He either signs extension or plays 3 more seasons being grossly underpaid. Hope he doesn’t regress or get hurt. Hit free agency at 31 years old. Then hope some team wants to pay a 31 year old corner outfielder 200 plus million for the next 6 to 9 years.
So I say win for both. He gets paid for sure no matter what happens to him in the next 3 years. Team gets positive PR and more years of hopefully a elite player.
JackStrawb
MLBTR can’t even be clear on the numbers. Is it an ADDITIONAL 7/$187.25 starting in his age 31 season, or is it NOW 7/$187.25, for Yelich’s age 28-34 seasons?
Vanilla Good
Its an additional 7 years after his 2 currently guaranteed years. Club option for 2022 is overwritten. He will be under control through his age 36 season, 2028.
rememberthecoop
If they just called it a nine year extension beginning now, the deal would total 213.75 but his AAV would be 23.7M per year. By waiting until 2022, it becomes 187.25M over 7 years, for an AAV of 26.75M per year. Either way the Brewers are paying the same amount over the same number of years, but they save a little against the luxury tax each year by doing it my way. Thoughts? .
Lovinmlb
I don’t think they are worried about luxury tax at all. They don’t want to spend 150 million let alone over 200.
zwmartin
Absolute bargain. $30AAV is min market. 7/$210 is floor.