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The terms themselves may not be all that surprising following Greinke's historic 2015 campaign, but they are certainly unusual for a D-backs team that ranked 24th in Opening Day payroll last season. Arizona's 2015 payroll sat at approximately $91.5 million on Opening Day, third-lowest in the National League -- and nearly three times smaller than the Dodgers' league-leading $272.8 million payroll.
From an individual contract standpoint, the $206.5 million pact is more than three times larger than any other previously given in franchise history. Prior to Greinke, the richest contract in club history was the six-year, $68.5 million deal given to Yasmany Tomas last offseason.
Though Friday's reported deal may have been an unexpected one, it's certainly not the first time that a small-market team has made a substantial splash in free agency. Here's a look at six other instances of a smaller-market club landing a marquee free agent with a sizable contract offer, as well as how each one panned out.
James Shields, Padres, 2014-15
The Padres capped a massive overhaul last season by signing Shields to a four-year, $75 million deal. That came after the club had already acquired Matt Kemp, Justin Upton, Wil Myers and Derek Norris in various trades earlier in that same offseason. All that for a team that finished the 2014 season with a 40-man payroll of only $85.5 million, which ranked 25th in the Majors. As for Shields, his $75 million pact was the largest contract ever given out by the Padres. He logged a 3.91 ERA in his debut season with San Diego, though he did rack up 216 strikeouts, while also surpassing the 200-inning mark for the ninth consecutive season.
Robinson Cano, Mariners, 2013-14
The Mariners seemingly did the unthinkable following the 2013 season, luring Cano away from the free-spending Yankees with a monster 10-year, $240 million deal. It was not only by far the richest in franchise history, but also tied with Albert Pujols at the time for the third-largest in Major League history. It was a landmark deal for the Mariners, whose 2013 Opening Day payroll sat just above $72 million and ranked 24th in the Majors.
Yoenis Cespedes, A's, 2012-13
The A's boasted the lowest median salary in the Majors in 2012 and the second-lowest Opening Day payroll. So it came as a bit of a surprise the following offseason when they shelled out $36 million for an unproven Cuban outfielder named Cespedes. As it turned out, four years/$36 million was an absolute steal. Cespedes hit free agency this offseason, and in those four years, he batted .271/.319/.486. Oakland dealt him to Boston at the 2014 non-waiver Trade Deadline, but only after Cespedes helped lead the A's to a pair of postseason berths -- in which he batted .350 and slugged .525.
Jose Reyes, Marlins, 2011-12
With the Marlins set to enter the 2012 season with a new name and a new stadium, the club was determined to also give itself a new identity. After beginning the '11 season as the Florida Marlins -- and with the 24th-largest Opening Day payroll -- the Miami Marlins began the ensuing offseason by inking Reyes to a six-year, $106 million deal. The excitement surrounding the Marlins' frenzied offseason would be short-lived, however, as Reyes would spend only one season in Miami before being traded to the Blue Jays as part of a November 2012 blockbuster. Reyes, who was later traded to the Rockies this past July, is hitting .286/.334/.409, while averaging nine home runs and 27 stolen bases per season in the four years since signing the contract.
Mike Hampton, Rockies, 2000-01
Hampton was an integral part of four straight playoff teams in Houston and New York from 1997-2000, making him an extremely attractive free agent in a loaded class. The Rockies, whose Opening Day payroll in '00 sat at just over $64 million, took the plunge, giving Hampton $121 million over eight years -- at the time, the most lucrative contract ever for a pitcher. Safe to say, that deal never panned out. Even by Coors Field standards, Hampton was dreadful for two seasons (21-28, 5.75) before being dealt to the Braves, where he improved slightly, but never reverted back to pre-2001 form.
Randy Johnson, D-backs, 1998-99
The D-backs -- whose Opening Day payroll in 1998 sat at just $31.6 million -- certainly got it right when they handed out the first major contract in franchise history. Johnson's four-year, $52 million deal (with an option for a fifth year) ended up as arguably the best free-agent signing of all-time. The Big Unit won the NL Cy Young Award in all four of those seasons and led the D-backs to the 2001 World Series title. If Greinke comes anywhere close to bringing that type of success to Arizona, he'll have been an incredibly worthwhile investment.