Injury-riddled Braves sign pitcher Ervin Santana

It's been a bad week for the Atlanta Braves and their starting pitchers.

Kris Medlen, Atlanta's best pitcher and projected Opening Day starter, left a spring training start on Sunday while holding his right elbow. Preliminary tests showed ligament damage, and it's possible Medlen will be looking at his second Tommy John surgery in less than four years.

Then on Monday, Brandon Beachy could not finish his spring training outing because of continuing problems with his surgically repaired right elbow. Beachy has started just 18 games over the last two seasons and his suffered multiple setbacks in his recovery after surgery in 2012.

I haven't even mentioned Mike Minor yet. The left-hander won 13 games for Atlanta last season, but he's yet to pitch this spring because of a shoulder problem.

The Braves are staring down the possibility that 60 percent of their starting rotation will be on the disabled list when the season opens. Julio Teheran, a 14-game winner last year, and fifth starter Alex Wood are the last two men standing. Former White Sox pitcher Freddy Garcia is in camp as a nonroster invitee. Another former Sox, Gavin Floyd, is on Atlanta's roster, but he is not expected to pitch until May as he recovers from Tommy John surgery.

The situation is obviously getting a little worrisome in Atlanta, so the Braves acted Wednesday, signing Ervin Santana to a one-year contract worth $14.1 million. The right-hander, who went 9-10 with a 3.24 ERA in 32 starts with Kansas City last year, was the last major free-agent pitcher available.

It's no secret I'm not a fan of Santana. As recently as two years ago, his ERA was over 5. His 2013 performance with the Royals was a career year, and I wouldn't expect him to repeat that. It seems a lot of GMs felt the same way, and that's why the 31-year-old right-hander went unsigned halfway into March.

Also, the Braves have to give Kansas City a first-round draft pick -- in this case the No. 26 selection -- as compensations for signing Santana. Atlanta is paying a hefty price here, not just the $14.1 million but the draft pick as well.

You might go so far as to say the Braves are panicking in the wake of their recent injuries. I can understand their thinking, though. They won their division last year, and they obviously feel they are a contender again this season. But the house may crumble if they enter April with the corpse of Freddy Garcia as their No. 3 starter. That would be a scary proposition indeed.

Atlanta is counting on Santana to ride to its rescue. That's not a comfortable position to be in, but it's probably better than relying on Garcia or throwing some untested rookies into the fire.

Braves smartly investing in young core

A tip for frugality that gets passed around from time to time is to shop in your pantry for dinner instead of buying all new ingredients for that night's meal. Find something you can use that you've already got, and work from there.

Andrelton Simmons tells reporters
how awesome it is to be rich.

The Braves have decided to do something similar this offseason. Instead of focusing on the free agent market, they've instead worked to sign some of their young players to big contract extensions to keep them in Atlanta for years to come.

The latest in the line of extensions was the seven-year, $58 million deal for young shortstop Andrelton Simmons. The Braves decided to go all-in on the 24-year-old after only one full season in the big leagues.

This move came after locking up closer Craig Kimbrel (4 years, $42 million, plus a team option), first baseman Freddie Freeman (8 years, $135 million) and starting pitcher Julio Teheran (6 years, $32.4 million, plus a team option).

These are all big investments in players already on the Braves' roster, and looking at each one individually, each also has its risks.

Simmons is pretty light on experience and hasn't even shown he's an average hitter yet. Freeman has posted only one monster season, his most recent, yet his contract was among the biggest given to a player with his service time. Teheran and Kimbrel are both pitchers who could get hurt. Teheran, like Simmons, also only has one full year of experience, and as good as Kimbrel has been, he's still only a closer expected to throw around 70 innings a year.

Atlanta is definitely agreeing to fork out more money the next few years than it would by going year-to-year, renewing the contracts and taking these players to arbitration when they accrue enough service time for that. 

But here's the way I look at these deals, and I'm sure how the Braves do, too:

Simmons is already an amazing defender and a nonzero with the bat. If he never gets any better, the Braves will get a good value out of this contract. If he makes adjustments and becomes an average or better hitter -- which his minor league track records suggests he can -- then this contract is a massive bargain.

Freeman's huge 2013 came after two good-but-not-great years for a first baseman. But it's hard to fault Freeman for being the best first baseman in the organization as a 21- and 22-year-old. Now just 24, he's already more accomplished than Mark Teixeira was at the same age. Unless something goes wrong, the Braves will be paying much less for the very best years of Freeman's career than the Yankees paid ($180 million) for Teixeira's last great year, three decent years, and what might be four awful, useless years.

The same goes for Kimbrel, who will cost less than other closers such as Joe Nathan, Jonathan Papelbon, Francisco Cordero and ... hold your breath ... B.J. Ryan ... have cost teams on contracts signed over the last decade. Kimbrel could have even eclipsed this total by going to arbitration with his gaudy save and strikeout totals.

Having Teheran under control means not having to plug a rotation hole with an unproven or more expensive player.

And don't forget the pay scale in baseball is only going up right now.

The Braves do lose some flexibility with these deals. If any of these guys gets hurt, or just becomes awful, Atlanta can't just nontender them and walk away. But that's the case when teams choose to sign a player from outside the organization to a huge contract as a free agent. (Too keep it close to Atlanta here, don't you think the Braves wish they could flush Dan Uggla and B.J. Upton and the rest of their contracts down the memory hole?)

Even if the total dollars in these contracts seem eye-popping right now, they still pale in comparison to some of the deals given to players not under team control.

The Braves are climbing on the hook for some big paychecks here, but in return they're keeping the pantry stocked without paying free agent prices, which means they stand to put a good team on the field and save money in the long run.