Nate McLouth Signs Extension
BRADENTON, Fla. -- Outfielder Nate McLouth reached agreement Tuesday with the Pittsburgh Pirates on a $15.75 million, three-year contract that includes a team option for 2012.
The agreement was struck hours before the scheduled start of a salary arbitration hearing in Phoenix.
McLouth hit .276 last season with 26 home runs and 94 RBIs. He was on the NL All-Star team and won a Gold Glove in center field.
He gets a $1.5 million signing bonus and salaries of $2 million this year; $4.5 million in 2010; and $6.5 million in 2011. Pittsburgh has a $10.65 million option for 2012, with a $1.25 million buyout.
In addition, he can earn up to $1.75 million in escalators. For 2011 and 2012, his salary could increase by up to $500,000 annually: $200,000 if he was an All-Star the previous year; $200,000 if he was a Gold Glove winner the previous year; and $100,000 if he was a Sliver Slugger winner the previous year.
McLouth was eligible for arbitration for the first time after making $425,500 last year. When players and teams exchanged proposed arbitration salaries last month, he asked for $3.8 million, and the Pirates were offering $2.75 million