Indians and Michael Bourn agree to a four-year, $48 million contract

After seeing the market for his services dwindle for nearly the entire offseason, Michael Bourn has finally found a home.

According to Jon Heyman of CBS Sports, Bourn has agreed to a contract with the Indians. The deal is worth $48 million over four years and includes a vesting option for a fifth year which could push the total to $60 million.

Bourn originally hoped to land a deal north of the five-year, $75.25 million contract B.J. Upton signed with the Braves, so this looks like a relative bargain in comparison. Still, Scott Boras deserves credit for getting a pretty good deal for his client given the circumstances. While the Mets were reluctant to give up their first-round pick (11th overall) and draft pool money to sign Bourn, Cleveland’s first-round pick is protected. The Indians forfeited their second-round pick to sign Nick Swisher, so Jim Callis of Baseball America hears that they’ll give up their competitive balance pick (No. 69 overall) to bring Bourn into the fold.

The Indians were mentioned as a possibility for Bourn as recently as last week, so this doesn’t come completely out of nowhere. However, it seemed like a long shot at the time given that Swisher, Michael Brantley and Drew Stubbs were already in-house for the outfield. It’s a pretty good bet that Bourn, Swisher and Brantley will be in the lineup on most days, though Swisher and Mark Reynolds could alternate between first base/DH duties, opening up a spot for the speedy Stubbs in right. The Indians could also explore trades involving Stubbs. All in all, it’s a pretty nice problem to have. I don’t think the Indians have enough pitching to threaten the Tigers in the AL Central, but it looks like Terry Francona’s first year as skipper will be an interesting one.

UPDATE: According to Joel Sherman of the New York Post, the Mets also made a four-year, $48 million offer to Bourn. However, they were informed that it would take an arbitrator two to three weeks to decide whether they would be able to keep their first-round pick. And with spring training approaching, Bourn just wasn’t willing to wait that long, so he took the Indians’ deal.