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.

Jered Weaver announces his retirement

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Jered Weaver, a 12-year big league veteran and a three-time All-Star, has announced his retirement.

Weaver was struggling mightily with the Padres this year, going 0-5 in nine starts and posting a 7.44 ERA,, a 2.6 BB/9 and 4.9 K/9 ratio over 42.1 innings. He hadn’t posted a sub-4.00 ERA since 2014 and his velocity had, quite famously, sunk into the low 80s and even high 70s at times in recent seasons. A spate of physical setbacks contributed to that, with a hip inflammation ailing him this season and nerve issues in his neck and back afflicting him for the past few years.

But even if his recent seasons have been less-than-memorable, it’s worth remembering that he was, for a time, one of baseball’s best pitchers. He posted a record of 131-69 with a 3.28 ERA in his first 9 seasons, leading the American League in strikeouts in 2010 and leading the circuit in wins in 2012 and 2014. He likewise led the league in WHIP and hits allowed per nine innings in 2012.

He finishes his career with a record of 150-98, an ERA of 3.63 (ERA+ of 111) and a K/BB ratio of 1,621/551 in 2,067.1 innings. He pitched in four American League Division Series and the 2009 ALCS, posting a 2.67 ERA in seven playoff games pitched.

Happy trails, Jered. A first-ballot induction into the Hall of He Was Really Dang Good, Even if We Forgot About It For A While is in your future.

The Jose Fernandez statue may be in jeopardy

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Last November it was reported that the Marlins planned to build a memorial for Jose Fernandez, likely including a statue. The effort was said to be a pet project of the Marlins owner, Jeff Loria, who was close with Fernandez.

Today the Miami Herald reports, however, that those plans are in limbo due to the sale of the team:

The planned statue to honor Jose Fernandez, which was departing owner Jeffrey Loria’s idea, is now very much in question because it will not be erected before Bruce Sherman and Derek Jeter take over, and it will ultimately be the new owners’ call. That matter has not yet been discussed, with the sale agreed to only in the past few days.

There’s nothing in the report suggesting that they’re opposed to the statue — it’s possible this was placed in the Herald by people close to the new group in order to test the waters — but there always was the sense that the idea was something of a priority for Loria personally. One wonders how much momentum it will have once he’s gone.

Then, of course, there’s the fact that Fernandez was eventually found to have been under the influence of alcohol and cocaine and was behind the wheel of the boat at the time of the accident that claimed his life and the life of two others, making any memorial to him suspect in the eyes of some people.

Thankfully we don’t spend a lot of time and energy discussing the ethics of statues in this country, so I’m sure it’ll have no bearing on the matter.