2013 32 Chicago White Sox $12,500,000
2014 33 Chicago White Sox $12,500,000
2015 34 Chicago White Sox *$13,500,000 $13.5M Team Option, $1M Buyout, *Trade escalates 2015 option by $500k
He is on ZIPS pace for 2.7 fWAR this season, more than worth his contract. If he declines "normally" then he should be worth the money next year too, but maybe just barely, depending on what $/WAR paradigm you believe in.
But we might not care the most about the mean case scenario with a guy like Rios. We already *think* based on 2011 and 2009 that his skill set has significant downside (and based on other years, upside. He's a volatile player).
When I look at a contract situation like Rios', I don't really see a big asset, not when we factor in the chance of a big downturn, which may or may not be exacerbated by his current age. His current age probably also bites into his upside a little bit.
This is what it is, and I don't see it as a steal. Not at all.
If I'm running a baseball team, I would want near guaranteed production for my 8 figure players. You get enough volatility out of your prospects and your league min young players and your pitchers. Let them boom or bust, and with the other 90% of your payroll, have the piece of mind of knowing what you're paying for.