December 29, 2006

GIVING A PITCHER A SEVEN YEAR CONTRACT...:

Zito Hits The Jackpot With Giants (Washington Post, December 29, 2006)

Barry Zito and the San Francisco Giants reached a preliminary agreement on the largest contract for a pitcher in baseball history, a seven-year, $126 million deal.

There was no immediate confirmation from the Giants, but details of the contract were provided yesterday to the Associated Press by two people familiar with the negotiations who spoke on condition of anonymity because the deal wasn't announced by the team.

Zito's agreement, reached late Wednesday night, includes an $18 million option for 2014 with a $7 million buyout that could increase the value to $137 million. The option would become guaranteed if Zito pitches 200 innings in 2013, 400 combined in 2012 and 2013 or 600 combined from 2011 to '13.


...makes roughly as much sense as giving Rodney King your car keys and hoping for the best.

Posted by Orrin Judd at December 29, 2006 12:00 AM
Comments

In related news, the SF Giants announced that they will now be $18MM in the hole each year for the next seven years, and need the city to give them the sports stadium rent and tax free for all eternity (or until another venue coughs up more goodies).

Posted by: HT at December 29, 2006 12:46 PM

The Giants have lost their mind. Zito's not even Kirk Reuter. All these years of catering to Bonds has ruined the mindset of that organization. Sabean has morphed into Matt Millen.

Posted by: Palmcroft at December 29, 2006 12:56 PM
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