Giants sign MVP Buster Posey to $167 million contract

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Justin Verlander isn’t the only former MVP getting paid today, as Andrew Baggarly of CSNBayArea.com reports that the Giants and reigning NL MVP Buster Posey have agreed to a nine-year contract.

Posey was set to make $8 million this season, but this new contract wipes that away and will pay him $167 million from 2013-2021. In doing so the Giants have bought out Posey’s three remaining seasons of arbitration eligibility (2014-2016) and his first five seasons of free agency (2017-2021), and there’s also an option for 2022.

Posey will be 35 years old in 2022, so this basically makes him a Giant for life. Not bad for a guy who was facing major questions this time last year as he came back from a broken ankle that ended his 2011 season. Posey’s deal is the second-highest in baseball history for a catcher, trailing only Joe Mauer’s eight-year, $184 million contract with the Twins that was signed in March of 2010. Posey now, like Mauer then, is coming off an MVP-winning season that included a batting title, although he was further from free agency than Mauer then.

Here’s the full contract breakdown:

Bonus: $7 million
2013: $8 million
2014: $12.5 million
2015: $16.5 million
2016: $20 million
2017: $21.4 million
2018: $21.4 million
2019: $21.4 million
2020: $21.4 million
2021: $21.4 million
2022: $22 million option or $3 million buyout

Royals fire manager Mike Matheny after 65-97 end to season

Minnesota Twis v Kansas City Royals
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KANSAS CITY, Mo. – Manager Mike Matheny and pitching coach Cal Eldred were fired by the Kansas Cty Royals on Wednesday night, shortly after the struggling franchise finished the season 65-97 with a listless 9-2 loss to the Cleveland Guardians.

The Royals had exercised their option on Matheny’s contract for 2023 during spring training, when the club hoped it was turning the corner from also-ran to contender again. But plagued by poor pitching, struggles from young position players and failed experiments with veterans, the Royals were largely out of playoff contention by the middle of summer.

The disappointing product led owner John Sherman last month to fire longtime front office executive Dayton Moore, the architect of back-to-back American League champions and the 2015 World Series title team. Moore was replaced by one of his longtime understudies, J.J. Picollo, who made the decision to fire Matheny hours after the season ended.

Matheny became the fifth big league manager to be fired this year.

Philadelphia’s Joe Girardi was replaced on June 3 by Rob Thomson, who engineered a miraculous turnaround to get the Phillies into the playoffs as a wild-card team. The Angels replaced Joe Maddon with Phil Nevin four days later, Toronto’s Charlie Montoyo was succeeded by John Schneider on July 13 and the Rangers’ Chris Woodward by Tony Beasley on Aug. 15.

In addition, Miami’s Don Mattingly said late last month that he will not return next season.