D’Backs Sign Jon Garland

THURSDAY: The D’Backs’ signing of Garland is official; he was introduced today.

WEDNESDAY, 2:52pm: More details from ESPN’s Jerry Crasnick: Garland gets $6.25MM in ’09 and the 2010 option for $10MM has a $2.5MM buyout if the D’Backs reject it.  If Garland rejects it it’s a $1MM buyout.  Bottom line: if he doesn’t return in 2010, he’ll have made either $7.25MM or $8.75MM for ’09.

1:49pm: Different take from Ken Rosenthal; he says Garland is guaranteed more than $8.5MM in total.  Heyman figures Arizona’s Garland signing makes the Dodgers the "heavy favorite" for Randy Wolf.

1:11pm: SI.com’s Jon Heyman has contract details.  Garland will earn $6.25MM in ’09, with his ’10 buyout pushing the guaranteed money to about $7MM.  The 2010 mutual option is for about $10MM.

10:41am: According to Nick Piecoro of the Arizona Republic, the Diamondbacks agreed to terms with starter Jon Garland on a one-year deal with an option (likely mutual) for 2010.  Garland’s guaranteed money is believed to be in the $6-8MM range.  The Diamondbacks probably could’ve re-signed Randy Johnson for a similar amount; did they make the right decision? 

Garland’s early December choice to decline the Angels’ offer of arbitration turned out to be a mistake.  The Angels will receive a supplemental draft pick for their loss.

The move uses up the D’Backs’ remaining payroll room, presumably taking them out of the mix for free agents such as Pedro Martinez and Braden Looper

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