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I can see Felix about to start a run like Marichal's (From '62-'69: 18-11, 25-8, 21-8, 22-13, 25-6, 14-10, 26-9, and 21-11), with a few less starts per year, but that kind of win % (~.700). Marichal had 83 wins starting his age 27 season, Felix has 98 (albeit Felix started younger, but Marichal was one of the early Latin players). In any case, Felix is at the age and skill level to run off a string of dominating years. Marichal was never THE best pitcher in baseball (Koufax was over most of that period), but he was the Energizer Bunny - he just kept going and going ... and winning. I see the same type of pitcher in Felix - multiple pitches with movement, great desire, optimistic attitude, and a physical horse.
So, to the question. SIGN HIM. Give him a contract that Boras will use as a baseline to screw other clubs. Give him 7 years with the extended ones at more than any other pitcher makes. If that is $190 million, so be it, he will make the Mariners at least that the day they sign a broadcast deal. For the media, a headline is essential. How about "Can Felix win 27 in a 5-man rotation?" as Root Sports' starting point each year?