Betancourt Signs Multiyear Deal

UPDATE, 1-23-08 at 10:43am: According to, Betancourt has signed a two-year deal with an option for 2010.

FROM 1-22-08 at 10:51am:

Indians reliever Rafael Betancourt recently asked for a $2.5MM salary, while the Indians submitted a $1.75MM figure.  A multiyear deal is a possibility; we should know soon.

Betancourt has four years of service time, so a three-year deal would buy out one year of free agency.  We discussed this in early December, and commenters noted that the possibility of saves for Betancourt could complicate the contract.  It’s funny how a dominant setup man can earn significantly less than a mediocre closer.

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