UPDATE: Twins sign Denard Span to five-year contract

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Denard Span.jpgUpdate: Here’s the details: Span will make $750,000 in 2010, $1 million
in 2011, $3 million in 2012, $4.75 million in 2013 and $6.5 million in 2014. The contract includes a $9 million option for 2015 with a $500,000 buyout.

12:08 pm: Here it is. Christensen tweets that Span will earn $16.5 million over the five years while the Twins hold a $9 million option for 2015. Pretty nice deal for both sides.

11:38 am: Joe Christensen of the Minneapolis Star-Tribune reports that the Twins and outfielder Denard Span have agreed to a five-year contract. Terms aren’t yet available, but the new contract will cover the rest of Span’s team-controlled seasons.

Span, who turned 26 in February, batted .311/.392/.415 with eight homers, 10 triples, 68 RBI and 23 stolen bases last season and has quickly developed — with the help of LASIK surgery — into one of the game’s best leadoff hitters. The club felt comfortable enough with him as their everyday center fielder that they parted ways with Carlos Gomez to acquire shortstop J.J. Hardy this winter. While Span is more-developed with the bat, UZR (Ultimate Zone Rating) suggests that he can’t hold a candle to him defensively.

Looking at this from the Twins’ perspective, it’s nice to know Span is safely secured for the next five seasons, but I’d hope the contract contains some sort of team option for his first year of free agency or something.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.