By Dejan Kovacevic | 2 p.m. Monday
The new contract extension just signed by the Pirates and catcher Ryan Doumit covers three years plus two club options with a guaranteed value of $11.5 million, and a maximum value in the range of $27 million.
Here is the breakdown: $300,000 signing bonus, $2.05 million salary for next season, $3.55 million salary for 2010, $5.1 million salary for 2011. The club option years, which can be triggered or rejected only once, call for a $7.25 million salary in 2012, $8.25 million salary in 2013. The option's buyout would cost $500,000, and a decision on that option would have to be made before the end of the 2011 season.
There also are incentive and escalator clauses that increase the total value of the contract by $1 million or more. One of the escalators involves All-Star appearances. If Doumit is an All-Star once in the first three seasons of the extension, the salaries on each of the two option years goes up by $125,000. If he is an All-Star twice, the option years go up by $350,000. If he is an All-Star each of the first three seasons, the option years go up by $500,000. Silver Slugger awards can bring similar bonuses.
UPDATE 3:15 p.m.: Doumit looked genuinely moved by the whole event, and here are a couple of snippets of what he had to say ...
His first words at the podium: "Wow. I can't relate to you what I feel right now. But I also know that, with a contract like this comes high expectations. And no one has higher expectations of me than I do. I believe in myself. I know what type of player I can be, and I know what type of player the fans expect. It's my job and my duty as a Pittsburgh Pirate to give those fans everything I have."
About the 2009 team: "You're either on board or you aren't. There are certain guys on this team who are on board. Everyone knows what it takes to win, and everyone wants to win. We're going to right this ship, and it's going to start with day one of spring training. ... I truly believe there are going to be some special things happening. If our pitchers show up like I've seen them pitch, if Adam LaRoche can find some holes in April and May, if Jack and Freddy do what they're capable of, and Nate ... enough said ... I saw some great things out of Brandon Moss. ... I'm excited. I can't wait. If I had my way, spring training would start tomorrow."
3:25 p.m.: And here are a couple quotes from Neal Huntington ...
On the unusual length of five years: "This contract has raised the bar in our eyes, in our fans' eyes and in Ryan's eyes. He wants to be a great player, and he has to live up to this."
On rewarding Doumit after a breakout year: "This contract did not happen because Ryan Doumit had a great year. It happened because he worked hard, gave it all he had, showed team dedication and proved himself to be someone we could build around. And he's not done. There's more to come."
6:15 p.m.: Video of the news conference is now up on our site.
Posted
Dec 22 2008, 02:00 PM
by
Dejan Kovacevic