Mar 30, 2012, 9:50 PM EST
After locking up center fielder Cameron Maybin and catcher Nick Hundley on long-term deals earlier this month, the Padres just announced a short while ago that they have signed left-hander Cory Luebke to a four-year contract extension with club options for 2016 and 2017. The deal could potentially cover all of his arbitration seasons and his first year of free agency.
Corey Brock of MLB.com reports that Luebke will receive a $500,000 signing bonus to go along with salaries of $500,000 in 2012, $1 million in 2013, $3 million in 2014 and $5.25 million in 2015. The club option for 2016 is worth $7.5 million while the 2017 option is worth $10 million.
Luebke only has 157 2/3 innings to his name in his big leagues, but he had an impressive 3.31 ERA and 111/29 K/BB ratio over 17 starts after being moved to the rotation last June. This is a bit of a calculated gamble for San Diego, but with only $12 million guaranteed, it could pay off big if the 27-year-old continues to progress.
- Aramis Ramirez says 2015 will be his last year 28
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 283
- Pirates open to massive extension for Andrew McCutchen 17
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 50
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks 131
- Rob Manfred says a return to a 154-game season could happen one day 66
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (283)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)