Contract for Pirates' Sanchez worth up to $18.9 million
Tuesday, February 05, 2008
By Dejan Kovacevic, Pittsburgh Post-Gazette
The contract extension signed today by the Pirates and second baseman Freddy Sanchez is worth a maximum of $18.9 million if the third year is triggered either through a club option or if Sanchez achieves a specified performance level through the first two years.
Sanchez will make $4 million in base pay this season, plus a $300,000 signing bonus. He will make $6.1 million in base pay the next season. For 2010, the Pirates can exercise the club option of $8 million -- plus as much as $500,000 in performance bonuses -- or pay a $600,000 buyout. That option can vest automatically, too, if Sanchez makes 635 plate appearances in 2009, or 600 plate appearances and a berth on the All Star team in 2009, giving the player some control in the process.
The Pirates and Sanchez had been scheduled to have a salary arbitration hearing Monday, but that was canceled by the signing. Sanchez, who made $2.75 million last season, had submitted a figure of $4.1 million, the team $4.9 million.