Before the offseason began, I projected that James Shields would receive a five-year deal for around a $100 million (or a $20 million average annual value). But I also wrote that there was a question as to whether he would get that fifth year. I can answer that question now: He's not getting the fifth year.
As a former general manager, I can tell you that when a player gets to the first week of February unsigned, there's usually a good reason. If something were going to happen, it would have by then. Now Shields is looking at a four-year deal in the $70-$80 million range as the best possible result, and the price tag could be even lower than that.
Shields and his representatives overshot at the outset of free agency, and have been stubborn to come down. It has even been reported that his camp was claiming to have turned down a five-year, $110 million deal. If that’s true, it was a colossal blunder.