UPDATE: According to Jon Paul Morosi of FOXSports.com, the contract includes a club option for 2016.
3:08 PM: Ken Rosenthal of FOXSports.com reports that the Blue Jays have signed Ricky Romero to a five-year, $30.1 million extension.
According to Rosenthal, it is the largest guarantee for any pitcher with less than two years of service time. The contract will cover the 2011-2015 seasons and if my calculations are correct, this would buy out his first year of free agency. It equals the deal given to Yovani Gallardo this April.
Romero, 25, is 22-16 over his first 52 major league starts, including a 3.53 ERA through 23 starts this season.
An interesting contrast is Brett Anderson’s recent extension with the Athletics. He was signed to a four-year, $12.5 million contract with an $8 million club option for 2014 and a $12 million club option for 2015 (his first year of free agency). If he plays out the entire length of the contract, Anderson would have the chance to make $31 million, nearly equaling the Romero deal.
Not saying that the Romero deal is bad, necessarily, but Anderson’s deal comes with considerably less risk.
Update (7:01 PM EDT): David O’Brien of the Atlanta Journal-Constitution reports the deal has been completed.
ESPN’s Keith Law reported on Saturday evening that a bad contract swap involving the Braves’ Hector Olivera and the Padres’ Matt Kemp was “getting close.” Olivera has been pulled off the field, per Bob Nightengale of USA TODAY. Joel Sherman of the New York Post reports that only a last-second medical would kill the deal at this point, and that the Padres will be sending money to the Braves.
Kemp, 31, will have $64.5 million remaining on his contract through 2019 after this season, but the Dodgers will pay $3.5 million annually over those remaining three years, so the $64.5 million is really $54 million. The veteran has compiled a .262/.285/.489 triple-slash line with 23 home runs and 69 RBI in 431 plate appearances for the Padres this season.
Olivera, 31, will have $28.5 million remaining on his contract through 2020 after this season. The outfielder was handed an 82-game suspension, beginning on May 26, for his involvement in a domestic dispute on April 13. The suspension is up on August 2. He has a .501 OPS in 21 major league at-bats this season and a .278 OPS in 37 PA at Triple-A.
Dennis Lin of the San Diego Union-Tribune reports that the Padres will consider designating Olivera for assignment. The trade is all about the salary dump for the Padres, as they’d rather give outfield playing time to prospects Hunter Renfroe and Manuel Margot.
The Athletics and Royals swapped outfielders on Saturday. The Athletics sent Billy Burns to Kansas City and the Royals sent Brett Eibner to Oakland.
Burns, 26, doesn’t provide much in the way of offense, but he runs the bases well and plays solid defense. He was hitting .234/.270/.303 with 11 doubles, four triples, and 14 stolen bases in 274 plate appearances.
Eibner, 27, was batting .231/.286/.423 with three home runs and 10 RBI in 85 plate appearances. He has spent most of the season with Triple-A Omaha, where he’s put up a .902 OPS in 219 PA. Eibner played the outfield corners in the majors, but racked up a ton of time playing center in the minors, so his versatility will be valuable to the A’s.
Burns will become eligible for arbitration for the first time after the 2017 season while Eibner has hardly accrued any service time, which might explain part of the motivation behind the trade for the small-market Athletics.