Eric Chavez’s deal with the Yankees worth up to $5.5 million

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Eric Chavez agreed to a minor-league contract with the Yankees last week and today the deal (and its details) became official.

Chavez will get $1.5 million if he makes the team out of spring training and Susan Slusser of the San Francisco Chronicle reports that he can opt out of the contract and become a free agent again if he’s not added to the roster by March 26.

If he does make the team, Chavez can then earn an additional $4 million in bonuses based on playing time and days spent on the roster, which is basically a way for the Yankees to avoid paying the oft-injured infielder if he’s on the disabled list.

Even if Chavez is healthy he won’t play much for the Yankees with Alex Rodriguez at third base and Mark Teixeira at first base, so while the contract is worth up to $5.5 million that’s sort of like saying a lottery ticket is worth up to $100 million. On the other hand, even the $1.5 million he’d get for making the Opening Day roster is a significant chunk of change for a guy who hasn’t been healthy and productive since 2007, so he’ll definitely have to prove he’s worth keeping prior to March 26.

Report: Padres have made offers to both Manny Machado and Bryce Harper

Manny Machado
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Jon Heyman has been hot on the free agent trail today, reporting that the Padres have made offers both Manny Machado and Bryce Harper. The offer to Machado is believed to be for eight years and about $250 million, while the offer to Harper is believed to be for more than that.

Heyman was reporting on Harper earlier, tweeting that the Phillies are the favorite to sign him. He added this evening that Harper has multiple long-term offers at more than $30 million annually. Regarding Machado, Heyman noted that while Machado was believed to have had a preference for the East coast, he will go for the best deal now, which puts the Padres firmly in the picture.

The Padres reportedly met with Machado last week. A late entrant into the sweepstakes, the club has shown the willingness to spend, signing Eric Hosmer to an eight-year, $144 million contract last year. If he goes to San Diego, Machado would be the full-time third baseman with Luis Urias handling shortstop.

Nothing appears close, but we’ll take anything resembling a spark to light the hot stove.