Dodgers Sign Haren, Get Value Without Breaking the Bank

Late Sunday evening, the Los Angeles Dodgers signed free agent pitcher Dan Haren to one year, $10M contract to be their fifth starter. The deal includes a vesting option for 2015 if Haren throws 180 innings in 2014. My initial reaction was that it was a very good deal for the Dodgers. I decided it might be interesting to look at the deal a bit closer in Baseball Arcade's first attempt at analyzing a contract.