David Schoenfield on Jim Hendry’s tenure:
Let’s turn back to 2007. That was the year Hendry signed Alfonso Soriano to an eight-year, $136 million contract. Soriano had been terrific with the Nationals in 2006, posting the best season of his career with 46 home runs, 41 steals and a .277/.351/.560 (batting average/on-base percentage/slugging percentage) line. But he was also a player who had posted a .316 OBP the previous two years in Texas and came with a mediocre glove. There was no way to justify that kind of contract; simply put, Soriano was not an elite player.
Most players don’t get paid like they should. Many players coming off career years get overpaid. Everyone knew this contract was ridiculous when Hendry signed it, but the theory was that the Cubs would win early in the contract, and they didn’t. Soriano was very good his first two seasons, but the Cubs didn’t win. It was a gamble that didn’t pay off, but any Cub fan who pretends he wasn’t excited then, is lying.