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.
Attempting to make a play on a bunt during Wednesday’s split-squad game against the Athletics, Brewers starter Wade Miley suffered a strained left groin, Tom Haudricourt of the Milwaukee Journal Sentinel reports. Miley will undergo an MRI to determine the severity of the injury. On the afternoon, he gave up two runs on three hits and three walks with three strikeouts in four innings.
Miley, 31, signed a minor league contract with the Brewers last month. He had been having a solid spring until last Friday, when he served up seven runs in three innings against the Reds. The lefty had been battling for a spot in the Brewers’ rotation but this injury may take him out of the running.
Last season with the Orioles, Miley made 32 starts spanning 157 1/3 innings, posting a 5.61 ERA with a 142/93 K/BB ratio.
With the Jake Arrieta, Lance Lynn, and Alex Cobb signings recently, many wondered why the Brewers didn’t make a move. They may regret not having done more.
In related news, reliever Boone Logan also left with an injury on Wednesday, per Haudricourt. The Brewers should have more on both players’ statuses later.