Pedro Alvarez Agrees To New Deal

1:08pm: Kovacevic has more.  He says talks have begun toward resolving the grievance filed by the players union.  He also indicates Alvarez has yet to take his physical.  Meanwhile the Royals hope this means they can get Eric Hosmer back out on the field soon.

8:42am: Good news for Pirates fans – top draft pick Pedro Alvarez agreed to terms on a new contract with the Pirates.  It’s a four-year Major League deal worth $6.355MM, with a couple of option years after that.  The union’s grievance may no longer be an issue. 

Dejan Kovacevic says that with interest and inflation Alvarez is getting around $5.67MM (less than the $6MM minor league deal he originally signed). On the other hand, Alvarez will now be added to the 40-man roster. 

On deadline day, Alvarez and other players did not receive big league deals partially because the two parties no longer had time to conduct a physical.  I’m wondering if the Pirates and Alvarez met up and did this recently.  And when did they find the time to do this post-deadline renegotiation?  I’m surprised it was allowed.


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