Athletics renew Josh Donaldson’s contract at the major league minimum salary

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What does Josh Donaldson get after finishing fourth in the American League Most Valuable Player balloting last season? The major league minimum salary.

According to CBS Sports’ Jon Heyman, the Athletics have renewed Donaldson’s contract at $500,000 for 2014. It’s a modest raise from the $492,500 he made last year, which was just above the (then) major league minimum salary of $490,000.

Heyman writes that Donaldson was initially offered more slightly more than $500,000, but the Athletics opted to renew his contract at the minimum after he declined the terms. It doesn’t look good, but the Athletics are within their rights to do it, as Donaldson isn’t yet arbitration-eligible.

Donaldson, 28, batted .301/.384/.499 with 24 home runs and 93 RBI over 158 games last season.

Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.