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Giants sign MVP Buster Posey to $167 million contract

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Justin Verlander isn’t the only former MVP getting paid today, as Andrew Baggarly of CSNBayArea.com reports that the Giants and reigning NL MVP Buster Posey have agreed to a nine-year contract.

Posey was set to make $8 million this season, but this new contract wipes that away and will pay him $167 million from 2013-2021. In doing so the Giants have bought out Posey’s three remaining seasons of arbitration eligibility (2014-2016) and his first five seasons of free agency (2017-2021), and there’s also an option for 2022.

Posey will be 35 years old in 2022, so this basically makes him a Giant for life. Not bad for a guy who was facing major questions this time last year as he came back from a broken ankle that ended his 2011 season. Posey’s deal is the second-highest in baseball history for a catcher, trailing only Joe Mauer’s eight-year, $184 million contract with the Twins that was signed in March of 2010. Posey now, like Mauer then, is coming off an MVP-winning season that included a batting title, although he was further from free agency than Mauer then.

Here’s the full contract breakdown:

Bonus: $7 million
2013: $8 million
2014: $12.5 million
2015: $16.5 million
2016: $20 million
2017: $21.4 million
2018: $21.4 million
2019: $21.4 million
2020: $21.4 million
2021: $21.4 million
2022: $22 million option or $3 million buyout

Red Sox could go to arbitration hearing with Fernando Abad

BOSTON, MA - SEPTEMBER 16:  Fernando Abad #58 of the Boston Red Sox pitches against the New York Yankees during the ninth inning at Fenway Park on September 16, 2016 in Boston, Massachusetts.  (Photo by Maddie Meyer/Getty Images)
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The Red Sox are expecting to go to an arbitration hearing with left-handed reliever Fernando Abad, per Pete Abraham of the Boston Globe. Red Sox president Dave Dombrowski said there was a “decent chance” a hearing would be necessary after countering Abad’s $2.7 million request with $2 million.

Abad, 31, pitched just 12 2/3 innings for Boston after the club acquired him from Minnesota at the trade deadline last season. The lefty earned a cumulative 3.66 ERA, 4.2 BB/9 and 7.9 SO/9 for the two teams in 2016. He received $1.25 million in 2016 and will remain under club control (through arbitration) in 2017. A $2.7 million salary would be a hefty increase for the veteran reliever, who has seen a significant decline since he put up a 1.57 ERA for the Athletics in 2014 and who has not amassed more than 0.6 fWAR in any single season to date.

While the Red Sox aren’t close to settling with Abad, Evan Drellich of the Boston Herald reports that they may be closing in on a settlement with left-handed starter Drew Pomeranz. Pomeranz filed at $5.7 million, while the Sox felt more comfortable at $3.6 million. The two are expected to meet somewhere in the middle to avoid an arbitration hearing later this winter.

Report: Braves sign Kurt Suzuki

KANSAS CITY, MO - AUGUST 20: Kurt Suzuki #8 of the Minnesota Twins hits against the Kansas City Royals at Kauffman Stadium on August 20, 2016 in Kansas City, Missouri. (Photo by Ed Zurga/Getty Images)
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The Braves reportedly have a deal in place with free agent catcher Kurt Suzuki, per Chris Cotillo of SB Nation. FOX Sports’ Ken Rosenthal adds that the contract is for one year, $1.5 million with up to $2.5 million in additional incentives.

Suzuki, 33, completed a three-year track with the Twins in 2016, slashing .258/.301/.403 with eight home runs in 373 PA. The veteran backstop likely won’t provide an offensive or defensive upgrade over current starter Tyler Flowers, but should give the Braves some depth at a position they’ve been looking to strengthen since the start of the offseason.

The team has yet to confirm the deal.