The Giants announced earlier today that they signed Madison Bumgarner to a five-year contract extension with options for 2018 and 2019. Andrew Baggarly of CSNBayArea.com has the year-by-year details.
The deal has two different structures, but this breakdown is assuming the 22-year-old left-hander doesn’t reach Super Two status this offseason:
2014: $3.75 million
2015: $6.75 million
2016: $9.75 million
2017: $11.5 million
The deal includes a $1 million signing bonus and a $1.5 million buyout on either option, so he is guaranteed $35 million over the life of the contract. That’s a record commitment for a pitcher with between one and two years of service time. He would be guaranteed $40 million if he qualifies as Super Two this winter, though that scenario appears unlikely at the moment.
The option years are worth $12 million each and include escalators. The first option will be guaranteed if Bumgarner throws 200 innings in 2017 or 400 innings between 2016-17. If he finishes in the top three of the Cy Young at any time, both options are $14 million. If he wins a Cy Young award, both options become $16 million.
Bumgarner could make a total of $70.5 million if he becomes a Super Two player this winter and maxes out on the two option years, but if it happens, chances are the Giants will be pretty pleased with the whole thing.
The contract also includes a limited no-trade clause which allows Bumgarner to pick eight teams each year where he cannot be dealt.
Twins’ right-handed pitching prospect Yorman Landa passed away in a tragic car accident on Friday night, per a team statement. According to Mike Berardino of the Pioneer Press, 22-year-old Landa was in the passenger seat of the vehicle when it struck a fallen tree.
Daniel Szew, Landa’s agent, spoke highly of the young pitcher, who was one of his first clients back in 2010. Szew acknowledged Landa for helping him expand his company, LA Sports Management, and referred to the late pitcher as a leader and his “little brother.”
He was very even-keeled,” Szew said. “That was his personality. He wasn’t wild. That’s why this is so tragic. He wasn’t a wild guy. He was a happy-go-lucky guy who took life as it came, and he was super happy — always happy.
If leadership was one facet of Landa’s personality, so was loyalty. The 22-year-old agreed to a minor league contract with the Twins on Tuesday after getting cut from the 40-man roster, fulfilling a promise to re-sign with the club despite fielding multiple offers from competing teams. The deal included an invite to spring training, and comments from his agent suggested that the right-hander was “super confident” he’d break through to the major leagues in 2017, notwithstanding a troublesome shoulder injury that hampered his progress in High-A Fort Myers during the 2016 season.
“He never wanted to leave,” Szew told Berardino. “It was the only organization he ever knew.”
Our condolences go out to Landa’s family and the Twins organization during this terrible time.
MINNEAPOLIS — The Minnesota Twins say minor league pitcher Yorman Landa has died in Venezuela. He was 22.
The club said in a statement that the Twins are “deeply saddened by the heartbreaking loss.” The team did not say how he died.
Landa pitched in the 2016 season with the Fort Meyers Miracle, going 2-2 with 7 saves and a 3.24 ERA in 41 2/3 innings pitched. His career minor-league ERA was 2.66.
Landa had been on the Twins’ 40-man roster, but was dropped after the season. The organization signed him to a minor-league contract last week.
Landa was signed by the Twins in 2010 as a 16-year old from Santa Teresa, Venezuela.