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you dont need an "ace" like player like verlander,felix,kershaw etc. you need a rotation that is all 2s and 3s. also...tanaka is NOT projected to be an ace. so you are giving an unknown 160 million. that is a huge huge gamble. so if the market is upper 20s low 30s..,tanaka should not get that.
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But a number 2 is what Tanaka might be, and given his age is going to get paid as such. The price tag he is getting right now is not out of line with what those type of pitchers get. As I've said before 7/160 is not what an ace commands on the open market today. At 7/160 that is a fair bit lower AAV than Greinke received on the open market. I don't see why this is such a shocking number is the point given that the high end pitchers command significantly more than what Tanaka is getting.