Felix has already created 38.3 fWAR for the M???s worth $191.5MM based on $5MM per fWAR (It???s current value is probably a little higher and will be even more so when gets paid the first dollar on his extension.) So far the team has paid him about $60MM so he has already earned about $130MM in surplus value. There is a very low probability that Felix will not more than earn every dollar he will have been paid in his career by the M???s.

Additionally, as with the Yankees and A-Rod the M???s will most likely buy insurance against any medical reason ending his ability to pitch for them.

According to Wendy Thurm of Fangraphs the M???s current regional TV deal is worth $45MM a season. Their viewing market covers all of Washington, northern Oregon, most of Idaho and Alaska and western Montana. They along with all 29 other teams will start getting an additional $25MM in revenue from the new MLB national rights sales next year, taking that up to about $50MM a season. That total of $95MM a year next year will about cover their current payroll, including Felix???s. When they renegotiate their regional deal in 2015 (if not before) their media revenues should be close to Texas but not at the level of the NY or LA teams.

Felix has already created 38.3 WAR for the M???s worth $191.5MM based on $5MM per WAR (It???s current value is probably a little higher and will be even more so when gets paid the first dollar on his extension.) So far the team has paid him about $60MM so he has already earned about $130MM in surplus value. There is a very low probability that Felix will not more than earn every dollar he will have been paid in his career by the M???s.

Additionally, as with the Yankees and A-Rod the M???s will most likely buy insurance against any medical reason ending his ability to pitch for them.

According to Wendy Thurm of Fangraphs the M???s current regional TV deal is worth $45MM a season. Their viewing market covers all of Washington, northern Oregon, most of Idaho and Alaska and western Montana. They along with all 29 other teams will start getting an additional $25MM in revenue from the new MLB national rights sales next year, taking that up to about $50MM a season. That total of $95MM a year next year will about cover their current payroll, including Felix???s. When they renegotiate their regional deal in 2015 (if not before) their media revenues should be close to Texas but not at the level of the NY or LA teams.