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Given the player we're talking about here... As the Mariners, I'd be inclined to keep the '7' in that offer, and take what downward ground on the '140' I can secure (but without stressing out too much about it). =)
Yeah, there's risk here. But if I'm Seattle, I'm doing what I can to keep Felix happy and here. The MLB unwritten rules are a real boon to contact negotiations, as you can use that to keep things sane (and keep enough free cash to keep the team competitive)... but so long as Felix stays healthy, I think that any realistic deal is going to be looking really good in the final years.