Apr 10, 2012, 4:16 PM EDT
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.
- And That Happened: Sunday’s scores and highlights 30
- Mariners’ interest in Matt Kemp is “very real” 22
- Astros players upset over Mark Appel’s promotion to Double-A, bullpen session in Houston 39
- Four theories about the Hall of Fame voting changes 24
- Troy Tulowitzki is visiting a sports hernia surgeon 10
- Settling the Score: Saturday’s results 29
- Giants acquire Jake Peavy from Red Sox 55
- Maximum stay on Hall of Fame ballot changed from 15 to 10 years 66
- Expert’s Corner: How to troll fans of all 30 teams (201)
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (164)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (97)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)