FRIDAY: Dejan Kovacevic has the contract details - Maholm gets $14.5MM guaranteed. $13.75MM for his three arb years, plus a $750K buyout for his $9.75MM 2012 club option.
THURSDAY, 9:15am: Maholm gets three years plus a club option for a fourth, says Kovacevic. That option covers Maholm's first free agent year.
Maholm, 26, posted a 3.71 ERA in 31 starts in 2008.
8:08am: According to Dejan Kovacevic of the Pittsburgh Post-Gazette, the Pirates reached an agreement on a multiyear deal with starter Paul Maholm. The deal is expected to cover his three arbitration years. I imagine Maholm will earn something in the $12-13MM range for those three years.
This was Maholm's first arb year; he submitted $3.8MM while the Pirates countered at $2.65MM ($3.225MM midpoint).