Update: Yep, still a bargain. Bastian has the deets on the three option years:
Lind’s contract: 2014 – $7 mil or $2 mil buyout,
2015 – $7.5 mil or $1 mil buyout, 2016 – $8 mil or $500K buyout
In other words, seven years, $38.5 million. Wow. Nice change of pace from the inflated deals handed out to Vernon Wells and Alex Rios, huh?
1:08 pm: Bastian writes that Lind will earn $400,000 in 2010 along with a $600,000 bonus. He’ll make exactly
$5 million in each of the 2011-13 seasons. The contract includes a $2 million buyout for the first club option in 2014, giving him $18 million
guaranteed. Still waiting for the details on the club options.
12:40 pm: According to Jordan Bastian of MLB.com, the Blue Jays have signed designated hitter Adam Lind to a four-year, $18 million contract extension. The team made the announcement at a press conference on Saturday afternoon. The extension will cover all three of his arbitration seasons.
Jon Paul Morosi of FOXSports.com reports that the deal includes club options for the 2014, 2015 and 2016 seasons. Three club options are wholly unique of and (potentially) provides the Blue Jays with quite a bit of payroll stability for the future. Kudos to Alex Anthopoulos.
Lind, 26, batted .305/.370/.562 with 35 homers, 114 RBI and a 932 OPS last season.
Last night we wrote about the rumored deal between the Cardinals and the Athletics for Stephen Piscotty. The deal is now official, with Piscotty going to Oakland for minor leaguers Yairo Munoz and Max Schrock.
Something else emerged about the deal today: a big reason why St. Louis traded Piscotty to Oakland as opposed to another team was so that he could be near his mother, who was diagnosed with Lou Gehrig’s disease last May. Piscotty and his family are from Pleasanton, California, about 35 miles from Oakland.
Here’s Cardinals GM John Mozeliak:
This was certainly a baseball trade — Piscotty became expendable for the Cardinals after they acquired Marcell Ozuna yesterday — but it was one which could’ve been made with any team with a couple of red or white chip prospects. That Mozeliak considered Piscotty’s personal situation in making the deal with the A’s is a credit to him and his staff.
The 26-year-old Piscotty hit .235 with nine homers and 39 RBIs in 107 games last season. He has hit .268 with 38 homers and 163 RBIs in 2+ major league seasons. He agreed to a six-year, $33.5 million contract extension last spring.
As for the prospects in return: Munoz, 22, hit .300 with 13 homers and 68 RBIs this year for Double-A Midland and Triple-A Nashville. Schrock, 23, batted .321 with seven homers and 46 RBIs for Midland, and was a Texas League All-Star.