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« Sabathia Blasé About New York | Main | Rockies Rumblings: Barmes, Sullivan, Podsednik »
Snell And Pirates Agree To Three-Year Deal
SUNDAY, 7:13pm: Paul Meyer of the Pittsburgh Post-Gazette clears things up. It is a guaranteed contract of $8MM for three years, with a $600K signing bonus. The two option years are worth at least $16MM, not including "standard incentive clauses." That's a great deal for the Bucs, wouldn't you say?
SUNDAY, 6:23pm: The three-year deal is worth at least $8MM, according to a CBSSports.com wire report.
SUNDAY, 4:22pm: It has just been announced on MLB.com that the Pirates have signed starting pitcher Ian Snell to a three-year guaranteed contract, with club options for 2011 and 2012. Salary amounts have not yet been released, though Tim has surveyed the range of possible contract amounts here and here.
This season is Snell's last before becoming arbitration eligible. As Tim pointed out earlier, $13-14MM is the the going rate for a talented young pitcher's arbitration eligible years.
Pirates fans have to be encouraged by this announcement, as Senior VP and GM Neal Huntington has been held out as a reason for true optimism in The Land of the Three Rivers. Additionally, Snell is one of the more talented young starting pitchers in the NL, ranking sixth in strikeouts in the league since the beginning of the 2006 season.
Said Huntington, "This is another example of the organization's commitment to build a championship caliber club. Retaining talented young players developed in our system will help us achieve our goal of bringing championships back to Pittsburgh."
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"The three-year deal is worth at least $8MM"
At least, meaning more like $13, or at least, meaning approximately? AP didn't cite any source (even "...according to a source within the organization"), which makes it hard to read. As Tim has shown with recent comps, $8m would be a pretty sizable steal for Snell's next 3 years.
Posted by: asm | March 16, 2008 at 06:34 PM
I just can't believe that this is anywhere near $8MM. It has to be closer to $13MM. I refuse to believe that the Bucs got this big of a steal.
Posted by: Matt Birt | March 16, 2008 at 06:38 PM
wasnt this a 5-year deal a few mins ago? :)
8M? He would be about LgMin for 2008, right? If 3M first arb year (09), and 5.5 second (10) ~ well that’s 8M and about right ~ isnt it? Anyway, good deal no matter for the Rats ~ now lets just hope he isnt Cliff Lee part Duex...
Posted by: darkstar1661 | March 16, 2008 at 06:53 PM
errr, 0.5M/3M/4.5M ~ hehehe... (but yeah, 5.5 makes more sense and maybe it should be atleast 9M here)
Posted by: darkstar1661 | March 16, 2008 at 06:58 PM
@darkstar:
I changed it after realizing that I had reproduced the error originally made in the MLB.com article I linked to. That article calls it a five-year deal, but that's not accurate. I didn't catch it until I revisited updated articles.
Sorry for the mistake.
Posted by: Matt Birt | March 16, 2008 at 06:59 PM
Great signing if the numbers hold up. Snell becomes incredibly valuable as a trade option.
Posted by: bjsguess | March 16, 2008 at 09:19 PM
Matt, no reason to be sorry ~ good to hear I’m not going senile though :)
8M for the three years ~ yeah, that is a great deal! Like my typo above implies, I figured atleast something around 9M for the 3; and that’s kinda lowballing I imagine with todays Arb figures…
Posted by: darkstar1661 | March 16, 2008 at 10:20 PM
Snell's size still worries me but a three year commitment is a nice fit.
And for $8M? It's clear his agent isn't Boras.
Posted by: Devlsh | March 16, 2008 at 10:59 PM
hey the pirates made a good decision. didnt see that coming. maybe about 20 more and they can compete in a few years. they do have a really nice ballpark. thats a plus pirates fans.
Posted by: Joelcards | March 16, 2008 at 11:31 PM
guys its 5 years
3 years plus 2 options
Posted by: hunter07hhh | March 17, 2008 at 08:08 PM