11:46am: Rosenthal says it's $15MM over the four guaranteed years; that's about the going rate. That implies the free agent options average about $11MM per year.
My own opinion - the Indians still aren't likely to re-sign Sabathia, but this deal has little bearing on that. Perhaps the cost certainty and discount increase the chances ever-so-slightly.
10:12am: Castrovince has some details. Carmona actually gets four guaranteed years. The total package could be worth $43-48MM over seven years.
9:34am: According to ESPN's Buster Olney, the Indians have signed starter Fausto Carmona to a three-year contract extension with club options for 2012-14. A news conference is scheduled for this afternoon. MLB.com's Anthony Castrovince first suggested the possibility of a Carmona extension back in December. I'm guessing $8MM or so is guaranteed over 2009-11, but we'll see.
Carmona, 24, broke out last year with 215 innings of 3.06 ball. He'll inherit the ace title if C.C. Sabathia departs after the season.
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