UPDATE: Francisco Liriano only guaranteed $1 million in deal with Pirates

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UPDATE: According to Tom Singer of MLB.com, Liriano will only be guaranteed $1 million. He could make an additional $11.75 million if he reaches certain bonuses and has his option vest for 2014. That was quite a costly fall.

10:48 PM: The Pirates just officially announced the deal. Liriano will get a one-year contract with a vesting option for 2014, so it appears he will have to prove his health this season in order to receive the money he was originally in line to get prior to breaking his arm.

2:48 PM: Francisco Liriano agreed to a two-year, $12.75 million deal with the Pirates back mid-December, but the signing was put on hold and potentially put in jeopardy when Liriano broke his non-throwing arm in a bathroom fall.

There was talk of the Pirates re-working some of the language in the contract and even some speculation that they might back out of the deal completely, but Ken Rosenthal of FOXSports.com reports that the two sides have finalized things six weeks later.

Liriano has had an ERA above 5.00 in back-to-back seasons and infuriated the Twins and White Sox with his inability to throw strikes, but he’s also still just 29 years old with good fastball velocity, a devastating slider, and 480 strikeouts in 483 innings since 2010.

Orioles re-sign Jace Peterson

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Because baseball teams have to have 25 guys — and because someone has to be that 25h guy — the Orioles have re-signed utilityman Jace Peterson. It’s a minor league contract so he may not be the actual 25th man but, c’mon, he’s gonna be the 25th man. Let’s get real here.

Peterson hit .195/.308/.325 in 200 at-bats for the Orioles last season. That’s not good, but he can play multiple positions in the infield and outfield. He can’t play them particularly well, but you know that thing Casey Stengel said about how catchers are important because without them there are a lot of passed balls? Same goes for third base and stuff. Again: Orioles.

I was going to add that he was the only player in MLB history named “Jace,” but Jace Fry exists, so he doesn’t even have that distinction anymore, and that’s kind of a bummer.

Happy Thanksgiving.