Details of Clay Buchholz’s contract extension with Red Sox

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Peter Abraham of the Boston Globe has the year-by-year breakdown of Clay Buchholz’s new contract extension with the Red Sox:

Signing bonus: $1 million

2012 – $3.5 million

2013 – $5.5 million

2014 – $7.7 million

2015 – $12 million

2016 – $13 million team option or $245,000 buyout

2017 – $13.5 million team option or $500,000 buyout

Add it all up and he’ll get at least $30.5 million for four years and can earn up to $57.25 million for six years.

I’d never blame a young pitcher for taking $30 million in guaranteed money, especially when he’s just 26 years old and still making close to the MLB minimum, so Buchholz certainly did plenty well for himself. With that said, this strikes me as a very team-friendly contract for the Red Sox.

They bought out all three seasons of arbitration and his first season of free agency for $30.5 million and have reasonable team options with remarkably small buyouts for his second and third seasons of free agency. If he gets hurt they’re out $30.5 million, which is a relatively small sum in the world of long-term extensions. And if he stays healthy and effective they locked Buchholz up through age 32 for $57.25 million, which is probably pretty close to what he’d get on the open market for those three free agent years alone come 2015.

The Mariners have made an offer to bring back Hisashi Iwakuma

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Hisashi Iwakuma tells the Japan Times that the Mariners have made him an offer to return.

Iwakuma became a free agent earlier this month after the Mariners, not surprisingly, declined his $10 million option for 2018. Iwakuma says that it’s “not a done deal,” but “hopefully I will be able to make a positive announcement soon.”

Iwakuma, who turns 37 early next season, made only six starts in 2017, posting a 4.35 ERA, 3.5 BB/9 and 4.6 SO/9 over 31 innings. He went on the disabled list in May and never returned to action, undergoing arthroscopic debridement surgery in September. He hopes to be recovered fully by spring training.