Apr 10, 2012, 4:16 PM EST
Signing bonus: $1 million
2014: $3.5 million
2015: $6.0 million
2016: $8.5 million
2017: $12 million option or $1.2 million buyout
That adds up to a minimum of $21.25 million for five years and a maximum of $32 million for six years. Because this season is technically included as part of the five-year contract the Indians are merely pre-paying for Santana’s arbitration eligible seasons from 2014-2016 while securing a $12 million option for his first season of free agency in 2017.
All things considered $21.25 million isn’t a ton of risk and if Santana develops as expected–he’s already one of the best catchers in baseball–they’ll save considerable money in those arbitration seasons while keeping him off the open market for an extra year in his prime.
Santana, who amazingly was acquired from the Dodgers for Casey Blake in mid-2008, has an .826 career OPS that ranks second among all catchers with at least 200 games since 2010 behind only Mike Napoli.
- Phil Hughes signs a three-year extension with the Twins 18
- The Padres have talked to the Phillies about Cole Hamels 21
- Why is John Smoltz a shoo-in for the Hall of Fame? 59
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” 85
- Trea Turner’s agent is unhappy his client is in limbo after trade to Nationals 48
- Nexen Heroes accept Jung-Ho Kang posting fee from unidentified MLB team 37
- Giants acquire Casey McGehee from the Marlins 16
- The Padres have given their fans something to talk about. Which is badly needed in San Diego. 64
- Bud Selig will get a $6 million a year pension. Which is obscene. (145)
- The United States will seek to normalize relations with Cuba (144)
- 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)
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site (90)