The San Francisco Giants have signed Buster Posey to a landmark nine-year, $167 million contract, according to ESPN and multiple other media outlets.
The contract, which is also the longest in Giants history, covers 2013-21, with a team option for 2022. There is also a full no-trade clause for the duration of the contract.
It's also the most money ever guaranteed to a player with fewer than three years of service time -- more than doubling Carlos Gonzalez's $80 million contract with the Rockies -- and a record guarantee for a player with fewer than four years of service, surpassing Todd Helton's $151 million deal with Colorado.
Posey led the National League last season with a .336 batting average and hit 24 home runs with 103 RBIs to earn the MVP award.
Posey and Stan Musial are the only players to win two World Series rings and an MVP in their first three full seasons.
A source familiar with the negotiations said Posey will get a $7 million signing bonus and then will receive salaries of $3 million in 2013, $10.5 million in 2014, $16.5 million in 2015, $20 million in 2016 and $21.4 million in each season from 2017-21. The club option in 2022 is for $22 million with a $3 million buyout.
Posey will earn $57 million for his arbitration years -- the third-highest amount ever -- and $110 million for his free-agent years, a $22 million average annual value. Before Posey, no catcher had earned more than Mike Napoli's $20.8 million in his arbitration-eligible years. Posey's deal nearly triples that.
Information from ESPN's Buster Olney and Jayson Stark was used in this report.
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The contract, which is also the longest in Giants history, covers 2013-21, with a team option for 2022. There is also a full no-trade clause for the duration of the contract.
It's also the most money ever guaranteed to a player with fewer than three years of service time -- more than doubling Carlos Gonzalez's $80 million contract with the Rockies -- and a record guarantee for a player with fewer than four years of service, surpassing Todd Helton's $151 million deal with Colorado.
Posey led the National League last season with a .336 batting average and hit 24 home runs with 103 RBIs to earn the MVP award.
Posey and Stan Musial are the only players to win two World Series rings and an MVP in their first three full seasons.
A source familiar with the negotiations said Posey will get a $7 million signing bonus and then will receive salaries of $3 million in 2013, $10.5 million in 2014, $16.5 million in 2015, $20 million in 2016 and $21.4 million in each season from 2017-21. The club option in 2022 is for $22 million with a $3 million buyout.
Posey will earn $57 million for his arbitration years -- the third-highest amount ever -- and $110 million for his free-agent years, a $22 million average annual value. Before Posey, no catcher had earned more than Mike Napoli's $20.8 million in his arbitration-eligible years. Posey's deal nearly triples that.
Information from ESPN's Buster Olney and Jayson Stark was used in this report.
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