Details of Andrew McCutchen’s $51.5 million extension

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Late last night Andrew McCutchen and the Pirates announced a six-year, $51.5 million contract extension and now Michael Sanserino of the Pittsburgh Post Gazette has the year-by-year breakdown:

2012: $0.5 million, plus $1.25 million signing bonus
2013: $4.5 million
2014: $7.25 million
2015: $10 million
2016: $13 million
2017: $14 million
2018: $14.75 million option or $1 million buyout

The extension pre-pays for McCutchen’s three arbitration-eligible seasons and buys out his first two years of free agency while giving the Pirates a $14.75 million option for his third year of free agency in 2018, when he’ll be 31 years old. If McCutchen stays healthy and his production doesn’t decline the Pirates will end up with quite a bargain, but snagging $51.5 million in guaranteed money at age 24 is pretty tough to turn down when he’s made “only” $1 million or so thus far.

As our own Matthew Pouliot pointed out last night McCutchen’s six-year deal is nearly identical to six-year deals signed previously by Jay Bruce and Justin Upton, and all three outfielders were first-round picks in the 2005 draft.

Giancarlo Stanton will defend his Home Run Derby title

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The Marlins announced on Sunday that outfielder Giancarlo Stanton will defend his Home Run Derby title when the city of Miami host’s the All-Star Game festivities next month.

Stanton, 27, defeated Todd Frazier in the finals of last year’s Home Run Derby at Petco Park, hitting 20 home runs to Frazier’s 13. Stanton hit a total of 61 home runs in the Derby. This will be the third Home Run Derby in which Stanton has participated.

Stanton also went 1-for-3 with a solo home run to help the Marlins defeat the Cubs 4-2 on Sunday. He’s now batting .274/.357/.551 with 20 home runs and 49 RBI in 311 plate appearances.

Aaron Hicks to go on the disabled list with an oblique injury

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Yankees outfielder Aaron Hicks left Sunday’s game against the Rangers after four innings due to soreness in his right oblique. After the game, Hicks said he expects to go on the 10-day disabled list and miss the next three to four weeks, MLB.com’s Bryan Hoch reports.

Hicks was 1-for-2 with a single before departing on Sunday. He entered the game batting .288/.397/.515 with 10 home runs and 37 RBI in 198 plate appearances. It is by far the best season of his career.

Jacoby Ellsbury is on his way back from a concussion, so the Yankees will only have to bridge the gap in center field for a week or two. Mason Williams could draw some starts in center field in the meantime.