Derrek Lee’s one-year deal with Orioles worth $7.25 million plus incentives

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Derrek Lee and the Orioles are making their one-year deal official today, and Don Connolly of the Baltimore Sun reports that the contract is worth $7.25 million in guaranteed money plus another $2.75 million in potential “performance bonuses.”

Lee just finished a five-year, $65 million deal signed with the Cubs in 2006, but is a 34-year-old coming off a career-worst season filled with thumb problems and the going rate for a veteran first baseman/corner outfielder coming off a down or injury wrecked season appears to be around $8-10 million.

Lance Berkman got $8 million from the Cardinals. Carlos Pena got $10 million from the Cubs. Magglio Ordonez got $10 million from the Tigers. And on the low end Hideki Matsui and Lyle Overbay each got $5 million. Lee’s deal could be worth up to $10 million and I like his chances of bouncing back in 2011, in which case he probably has more upside than any of those other guys.

Michael Fulmer underwent surgery on his right knee

Detroit Tigers v Houston Astros
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MLB.com’s Jason Beck reports that Tigers starter Michael Fulmer underwent successful surgery to repair the meniscus in his right knee. The Tigers expect Fulmer to be ready for spring training next year.

Fulmer, 25, threw just five pitches in his start against the Indians on Friday before being removed with what at the time was called right knee inflammation. The right-hander ends 2018 with a 3-12 record, a 4.69 ERA, and a 110/46 K/BB ratio in 132 1/3 innings.

Fulmer will enter his first of four years of arbitration eligibility after the season. The Tigers likely would have considered trading him during the offseason but his poor season and knee woes will keep him in Detroit for the time being.