Lock-Up
No, I'm not talking about Plaxico Burress, instead I'm talking about the long-term deal Reigning AL MVP Dustin Pedroia signed today.
According to ESPN's Peter Gammons, Pedroia agreed to a 6-year, $40.5 million deal. According to Tony Massarotti of Boston.com/The Boston Globe, here is the breakdown:
$1.5 million signing bonus
2009 - $1.5 million
2010 - $3.5 million
2011 - $5.5 million
2012 - $8.0 million
2013 - $10.0 million
2014 - $10.0 million
2015 - Team option for $11 million or a $500,000 buyout.
As the Globe points out, they essentially bought his first 2 years of free agency at $10.0 million per year and if they exercise his option, they will have bought out his first 3 years of free agency for a total of $31.0 million.
I see this as a win/win for both team and player. A no-brainer statement to be sure as both sides agreed to it, but it makes Pedroia very wealthy, especially for a second baseman, and provides a stable 6 or 7 years of no negotiation hassle life for him.
For the Red Sox, they just locked up their 25 year old MVP, Gold Glove and Silver Slugger.
Good proactive move for the Red Sox.
Comments
Gee, that Super Bowl must still be bothering you.
Posted by: Peter T | December 3, 2008 09:39 PM |