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.
Update (6:52 PM EST): The deal is expected to be one year for $13 million, per Jon Heyman of FanRag Sports. Ken Rosenthal of FOX Sports confirms the report.
The Yankees are close to signing veteran free agent Matt Holliday, WFAN’s Sweeny Murti reports.
Holliday, who turns 37 years old next month, was limited to 110 games in 2016 with the Cardinals due to a fractured left thumb suffered in the second half. He finished the season hitting .246/.322/.461 with 20 home runs and 62 RBI in 426 plate appearances.
Holliday is likely looking at spending the majority of his time in the DH role. Alex Rodriguez, Carlos Beltran, and Brian McCann handled the DH role for a majority of the time last season but all three have moved on — Rodriguez was released in the second half, Beltran just signed with the Astros, and McCann was traded to the Astros last month.
Update (6:20 PM EST): Former Braves president and Royals GM John Schuerholz was also inducted to the Hall of Fame along with Selig, David O’Brien of the Atlanta Journal-Constitution reports.
Tom Haudricourt of the Milwaukee Journal-Sentinel reports that former commissioner Bud Selig has been elected to the Hall of Fame. Haudicourt adds that Selig was nervous about the vote and didn’t want to talk about it in fear of jinxing it.
Selig’s induction will be controversial, for reasons Craig laid out in his preview on Friday. His induction was also not surprising in the least because he’s on the Hall of Fame board. A commissioner being inducted is standard fare, or as Craig put it, “a gold watch.”
Other inductees joining Selig should be announced shortly.
How about putting Marvin Miller in the Hall of Fame?