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.
Angels outfielder Kole Calhoun had three more years of arbitration eligibility left, but he and the Angels decided to settle that future business at once on Wednesday, agreeing to a three-year extension worth $26 million, per SB Nation’s Chris Cotillo. The contract also includes a $14 million club option for the 2020 season.
Calhoun, 29, has been a dependable right fielder for the Angels over the last three seasons, batting an aggregate .266/.327/.436 with 61 home runs and 216 RBI in 1,895 plate appearances. According to FanGraphs, Calhoun has been the ninth-most valuable right fielder in baseball since the start of the 2014 season with 11.4 Wins Above Replacement. He ranks slightly behind Giancarlo Stanton (11.9) and just ahead of J.D. Martinez (10.9).
The Angels only have a handful of players signed beyond the 2017 season — just Albert Pujols, Mike Trout, Andrelton Simmons, and Calhoun. The club has options on Ricky Nolasco and Huston Street, while many others will be eligible for arbitration.
Nothing is happening as the baseball world waits four more hours for the Hall of Fame announcement. Question: why do it at 6pm? For MLB Network ratings? Let’s be real, there are “Golden Girls” reruns on third-tier basic cable that are gonna draw a bigger audience. Why not announce it now so people can get on with their lives? Oh well.
As we wait, let’s take a look in at Twitter, where Jim Bowden of ESPN passes along the rumor that the Washington Nationals are still interested in signing Matt Wieters and Greg Holland:
Great to know that the Nats’ baseball operations budget is dictated by its capital expenditures. Maybe they shoulda been smart like the Braves and suckered — er, I mean negotiated the local government to pay more for it? GO BRAVES!
Anyway, Bryce Harper had a response to that:
I take that to mean that he’d take the money used to construct the team store and give to Wieters and Holland. I haven’t seen the budget breakdown for the new spring training facility, but that would probably mean a major pay cut for Wieters and Holland. And where would we buy our “Make Baseball Great Again” caps? Think ahead, Bryce. Play the long game here.