$100 Million Player
By Izzy Bigari
The Cubs’ pitcher Jake Arrieta has come to face a difficult decision, either leave the team he won a World Series with and earn $100 million pay raise or stay with his team, the group who has been through thick and thin with him and not take the pay raise. For Jake Arrieta, the explicit cost would be losing a $100 million pay raise. The Implicit cost would be leaving his team that he made many memories with and even won a World Series with. Now he must determine which one outweighs the other. This pitcher should first figure out the marginal costs of staying with the Cubs before deciding to transfer for a $100 million pay raise.
According to Bleacher Report, “This winter, Arrieta will test free agency. Someone will reward him handsomely, and unless the Cubs are willing to pay the market rate for an ace—$100-plus million—he'll be hurling baseballs in a new city,” (Bleacher Report). The cost of $100 million has a higher marginal utility than staying with the team that Arrieta won a World Series with. This means that unless the Cubs are willing to pay more, Arrieta will be switching teams.
After assessing the the situation, I would say that Arrieta made the right decision choosing to switch teams for the $100 million pay raise. After all, he will still have all the memories he made with the Cubs, but $100 million outweighs making more memories and staying with the Cubs.
Shafer, Jacob. “Cy Young Winner Jake Arrieta Could Bolt Cubs for Massive $100M Payday.” Bleacher Report, 23 Oct. 2017, bleacherreport.com/articles/2740111-cy-young-winner-jake-arrieta-could-bolt-cubs-for-massive-100m-payday.Thompson, Phil. “John Fox vs. Jake Arrieta: A Hairy Face-Off.” Chicagotribune.com, 23 Oct. 2017, www.chicagotribune.com/sports/chicagoinc/ct-john-fox-jake-arrieta-beards-20171023-story.html.