Finally, according to Ken Davidoff of Newsday, the Twins have officially reached agreement with right-hander Carl Pavano.
It was reported almost 13 days ago that the two sides had reached a compromise on a two-year contract, but it took another few meetings for all of the financial terms to be worked out.
Pavano will earn $8 million in 2011 and $8.5 million in 2012, according to Joe Christensen of the Minneapolis Star-Tribune. There is another $500,000 available via performance-based incentives.
That’s a large investment for a 35-year-old starter, but Pavano finished with a strong 17-11 record, 3.75 ERA and 1.19 WHIP across 32 starts last season and should be able to come close to those numbers over the next two seasons while making half of his appearances inside Target Field, which is looking like one of the more pitcher-friendly ballparks in all of the major leagues.
The Twins did well to refrain from rushing in with a three-year offer when the offseason began and their patience was eventually rewarded. Now they have a key piece of their 2010 division-winning squad back in uniform at a fairly reasonable contract length and price. If age catches up to Pavano this year or next year and it simply doesn’t work out, he’ll be off the books before you can say Minnetonka.