UPDATE: Francisco Liriano only guaranteed $1 million in deal with Pirates

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UPDATE: According to Tom Singer of MLB.com, Liriano will only be guaranteed $1 million. He could make an additional $11.75 million if he reaches certain bonuses and has his option vest for 2014. That was quite a costly fall.

10:48 PM: The Pirates just officially announced the deal. Liriano will get a one-year contract with a vesting option for 2014, so it appears he will have to prove his health this season in order to receive the money he was originally in line to get prior to breaking his arm.

2:48 PM: Francisco Liriano agreed to a two-year, $12.75 million deal with the Pirates back mid-December, but the signing was put on hold and potentially put in jeopardy when Liriano broke his non-throwing arm in a bathroom fall.

There was talk of the Pirates re-working some of the language in the contract and even some speculation that they might back out of the deal completely, but Ken Rosenthal of FOXSports.com reports that the two sides have finalized things six weeks later.

Liriano has had an ERA above 5.00 in back-to-back seasons and infuriated the Twins and White Sox with his inability to throw strikes, but he’s also still just 29 years old with good fastball velocity, a devastating slider, and 480 strikeouts in 483 innings since 2010.

Robinson Cano hit his 300th home run last night

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Last night Robinson Cano hit a solo homer in the ninth inning of the Mariners’ loss to the Texas Rangers. It was his 22nd on the season. Though it was insignificant to the outcome of that game, it was significant to Cano: it was his 300th career homer.

While we’ve become accustomed to not caring much about home run milestones south of, say, 500, 300 homers for Cano is a big deal, as he’s only the third second baseman to cross that threshold in baseball history. The other two: Jeff Kent, at 377, and Rogers Hornsby at 301.

Cano, who turns 35 next month, has a career line of .305/.354/.495 and 1,179 RBI, 512 doubles and 33 triples to go with those bombs. He’s in his 13th big league season and still has six more years left on his deal with the Mariners. He’s averaged 24 homers a year since coming to the Mariners. While he’ll obviously trail off at some point — and while great second baseman’s have this weird habit of just suddenly falling off a cliff — it’s highly likely that he’ll finish his career as the all-time home run leader among second baseman. If he remains healthy he should also get over 3,000 hits in his career.

Cooperstown, here he comes.

Reds sign catcher Tucker Barnhart to a four-year deal

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Mark Sheldon of MLB.com reports that the Reds have signed catcher Tucker Barnhart to a four-year contract extension. The terms: $16 million total, with a $7.5 million club option for the 2022 season that has a $500,000 buyout. He also received a $1.75 million signing bonus.

The deal buys out all three of his arbitration years — he was going to be eligible for the first time this offseason — and the first year of his potential free agency. The club option buys a second. Barnhart made $575,000 this season.

Barnhart, 26, is finishing his second season as the Reds primary catcher. This year he’s hitting .272/.349/.399 with six homers and 42 RBI in 113 games. For his career he has a line of .257/.328/.366 in 330 major league games. His real value is defensive, however. He leads the National League in caught stealing percentage and number of base stealers caught (31-for-70, 44%) and leads all players at any position in the league in defensive WAR according to Baseball-Reference.com.