UPDATE, 1-23-08 at 4:49pm: If all of the Rays’ three one-year options on Shields are exercised, the deal could reach seven years and $44MM. Certainly a unique deal.
UPDATE, 1-23-08 at 9:15am: Topkin says the deal could be worth more than $40MM over seven years with incentives. $12MM and the first four seasons are guaranteed.
FROM 1-22-08 at 3:32pm:
According to Marc Topkin of the St. Petersburg Times, a six or seven-year extension for starter James Shields should be done tonight. Topkin notes that it’s odd for a young pitcher with two years of service time to get such a long deal. The Rays must really love him.
His ’07 season was very impressive. At age 25 he threw 215 innings in the toughest division in baseball and posted a 3.85 ERA with a 5.1 K/BB ratio. That’s not something you see every day.