Dec 14, 2010, 9:13 PM EST
UPDATE: NBC 10 in Philadelphia provides the photo evidence that Cliff Lee has arrived. And boy, do his eyes look mighty tired. Must be from staring at multiple offers of $100-plus million over the past week. Poor guy.
9:13 PM: You probably thought we were done talking about Cliff Lee, huh? Nope, not yet.
According to Jerry Crasnick of ESPN.com, Lee will be in Philadelphia for a physical tomorrow and his deal with the Phillies could be officially announced later in the day.
Just to bring you up to speed, Lee and the Phillies have reportedly agreed to terms on a five-year, $120 million contract. The deal includes a $27.5 million vesting option for 2016 which could bring the total value of the contract to $135 million over six years.
According to the Associated Press, Lee will make $11 million next season, $21.5 million in 2012 and $25 million from 2013-2015. There’s a $12.5 million buyout on his vesting option for 2016.
In order for the option to vest, Lee must either log 200 innings in 2015 or 400 total innings between 2014 and 2015. He also must not finish the 2015 season on the disabled list because of a left shoulder or elbow injury.
And so, while Lee turned down more guaranteed money from the Rangers and Yankees, Ken Rosenthal of FOXSports.com writes that the southpaw’s $24 million annual average value (AAV) will be the highest ever for a pitcher on a multi-year contract.
- UPDATE: Mariners planning to offer nine years, $225 million to Robinson Cano 76
- MLB, NPB nearing new posting system agreement 9
- Report: Talks between the Mets and Curtis Granderson have “intensified” 31
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury 159
- Marlins sign free agent catcher Jarrod Saltalamacchia to three-year, $21 million contract 44
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (159)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- When will the Yankees regret the Jacoby Ellsbury contract? (98)
- Robinson Cano met with the Mariners in Seattle (87)
- UPDATE: Mariners planning to offer nine years, $225 million to Robinson Cano (81)