Mar 25, 2011, 3:15 PM EST
Millwood can opt out of the deal if he’s not in the majors by May 1. If he does get added to the roster his base salary will be $1.5 million and then he can earn an additional $3.5 million in incentives, with $500,000 each for 5, 10, 15, 20, and 25 starts and $1 million for 30 starts.
He has about as much chance of making 30 starts for the Yankees this season as I do, but there’s a decent chance he’ll join the rotation at some point in the next month and would probably be given at least a handful of starts to prove himself, which would add up to $2 million total.
At this point it looks like both Freddy Garcia and Bartolo Colon will crack the Opening Day pitching staff, whereas Millwood likely wouldn’t be an option until mid-April because he waited so long to sign while holding out for a guaranteed deal that never came. He went 4-16 with a 5.10 ERA for the Orioles last year, including 0-2 with a 5.70 ERA against the Yankees.
- Giants acquire Casey McGehee from the Marlins 11
- The Padres have given their fans something to talk about. Which is badly needed in San Diego. 56
- Justin Upton traded to the Padres for three prospects 79
- Bud Selig will get a $6 million a year pension. Which is obscene. 141
- Jake Peavy agrees to a two-year, $24 million deal to stay with the San Francisco Giants 24
- Matt Kemp has officially been traded to the Padres 29
- Padres acquire catcher Derek Norris from Athletics 37
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site 90
- The United States will seek to normalize relations with Cuba (144)
- Bud Selig will get a $6 million a year pension. Which is obscene. (141)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (111)
- Rays, Padres, Nationals agree to 11-player trade (97)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)