Details of Madison Bumgarner’s long-term contract with the Giants

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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:

2013: $750,000
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.

The Rays announce “The Rays Tank.” Really.

Tampa Bay Rays
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Earlier this offseason the Rays traded away franchise player Evan Longoria. Over the weekend they traded starter Jake Odorizzi to the Twins and designated All-Star outfielder Corey Dickerson for assignment. These were clearly financially driven moves, and now the Rays sport a payroll of less than $70 million. The club’s offseason moves prompted Longoria to say that he feels sorry for Rays fans.

If you asked Rays brass, I’m sure they’d make strong statements defending all of these moves while offering evidence-light arguments that, yes, they truly are interested in fielding a competitive team in 2018. They would likely react VERY angrily to any suggestion that they are tanking this year. Teams never admit that they’re tanking.

In other news, the Rays announced a new blog:

Oh.