Doumit Signs Three-Year Extension

MONDAY, 1:12pm: Kovacevic says Doumit is guaranteed $11.5MM with a maximum value of about $27MM.  His three arb years were bought out for $10.7MM.  He has further details at his blog.

SUNDAY, 11:21pm: Dejan Kovacevic says the Doumit contract has a one-time trigger for the option on his two free agency years.  Talks with Paul Maholm are in progress, but talks with Nate McLouth broke down.

7:31pm: Crasnick has the financials: it could be worth $20MM over four years or $30MM over five years.

4:42pm: ESPN’s Jerry Crasnick is reporting that the Pirates have reached an agreement on a three-year extension for Ryan Doumit, buying out his arbitration years.

Doumit, 27, hit .318/.357/.501 in 465 plate appearances in 2008. His .858 OPS ranks him alongside catchers such as Joe Mauer and Geovany Soto. Not bad company there.

The terms of the deal haven’t been released yet, but Crasnick says there is a club option for a fourth year as well. The Pirates will announce the deal in a press conference tomorrow.

Crasnick also says the Pirates are still working to sign Nate McLouth to an extension, but those efforts have reached a stalemate for now.