The news that the Boston Red Sox have signed American League MVP Dustin Pedroia to a six-year contract extension worth $40.5 million doesn't exactly help Nick Markakis make a case for Hanley Ramirez money ($70 million for six), but it's not really fair to put the two situations in the same conversation.
The only reason I'm doing so is the number of blog comments that have drawn the parallel already.
Markakis is eligible for arbitration this winter, which makes his situation much different from Pedroia, who has just over two years of service time. That extra year, valued at the end of the reserve period, is probably worth about $10 million, and there are other factors that put Markakis in the range of $60 million to $70 million for six years. They are, simply, very different players in very different circumstances.
I'm sure there are some agents who think Pedroia sold himself a little short, too, but the guy obviously values both security and the peace of mind that comes from not having to watch club officials rip you apart every year at your salary arbitration hearing.