Zack Greinke’s six-year, $147 million deal with the Dodgers includes a clause that allows him to opt out following the 2015 season and Dylan Hernandez of the Los Angeles Times reports that the contract also has some sizable incentives built in:
Greinke’s base salary in 2018 will increase to $26 million if he pitches 1,000 innings in his first five years of the contract.
If Greinke wins a Cy Young Award, his base salary will increase by $1 million the following season. If he doesn’t win the award but finishes in the top five in voting, his base salary will increase by $500,000 the next season.
If Greinke wins the Cy Young Award in 2018, he will receive a $1 million bonus. If he doesn’t win the award but finishes in the top five in voting that season, he will be paid a $500,000 bonus.
Greinke will also receive a $3 million bonus if he is traded.
Obviously he’s not going to win six consecutive Cy Young awards, but winning one is certainly possible and finishing among the top five vote-getters is definitely doable in multiple seasons. Reaching enough incentives to bump the total value of the contract past $150 million seems likely, although if Greinke is pitching well enough to win Cy Young awards opting out after three years to get another huge long-term deal will probably make financial sense anyway.
ESPN’s Jerry Crasnick reported on Monday that the Angels have received inquiries from multiple teams concerning starter Hector Santiago. He adds that the club is willing to listen to offers. Jon Morosi of FOX Sports and MLB Network reports that the Marlins are among the teams that have inquired.
Santiago, 28, has pitched to a 4.32 ERA with 96 strikeouts and 47 walks in 110 1/3 innings. Sabermetric statistics such as FIP, xFIP, and SIERA think the lefty has pitched even worse than his ERA indicates however, pitting 2016 as his worst performance to date.
Santiago is earning $5 million this season and will enter his third and final year of arbitration eligibility going into 2017.
We also learned earlier that, in an effort to bolster their starting rotation, the Marlins have also shown interest in Wade Miley of the Mariners and Jeremy Hellickson of the Phillies.
The Rangers placed DH Prince Fielder on the disabled list last week due to more neck discomfort. On Friday, Fielder met with Dr. Drew Dossett, who performed spinal fusion surgery on Fielder in 2014 for a herniated disk in his neck. Dossett has recommended another procedure, so Fielder will undergo season-ending surgery this week, Jeff Wilson of the Fort-Worth Star Telegram reports.
Fielder was having a rough season, batting .212/.292/.334 with eight home runs and 44 RBI in 370 plate appearances. He played in only 42 games in 2014, but returned in 2015 looking more like his old self. Unfortunately, neck and back issues are notoriously difficult to fix. Hopefully, this upcoming procedure does the trick for Fielder.
Fielder is owed $24 million per season through 2020, with the Tigers paying $6 million of it per season.