Buster Posey has less than a year’s worth of service time, so he has zero leverage. If the Giants wanted to, then, they could pay him $417, 000 which is the MLB minimum. His Rookie of the Year season has earned him a slight bump, however, as the Giants have decided to give him $575,000 according to Hank Schulman of the Chronicle.
That’s just how things work for a guy who hasn’t reached arbitration eligibility. And it’s also why, when a good player gets a big contract later, it’s a little misguided to say that he’s overpaid. Because for the guys like Posey who make big splashes early, they spend three years being significantly underpaid.
The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.
Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.
From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.