Chiefs tender Cairo Santos

[DJ's left nut]

Originally Posted by ct

i'm gonna go out on a limb and speculate nobody is going to offer Carlos Santos > $1.797M, or any long term deal that pays him that much on average.

It's a weird position; it's like goalies in hockey in that you know when your sucks badly but it seems like nobody ever wants to spend what it takes to get a better one because they're seen as largely fungible unless they're truly elite.

There's a thing called the Endowment Effect (my preferred terminology is 'divestiture aversion' because it makes me sound smarter). It says that someone is willing to give up less to acquire an item than they would be willing to give that item up for if they already had it.

I think you see that a lot with these fringier players. If a GM had Cairo Santos on their team, they'd be willing to spend $2 million to keep him. But since they don't presently have Cairo Santos, they're not going to be willing to spend that $2 million to acquire him.

I don't expect anyone's going to 'snipe' Cairo Santos but at the same time, I don't think there's any question that the Chiefs, unless they're really over a barrel, will match what contract he's offered. It's a pretty close off-shoot of the endowment effect.