SUNDAY: Mike DiGiovanna of the L.A. Times has details on Santana’s new deal: $3.8MM in ’09, $6MM in ’10, $8MM in ’11, and $11.2MM in ’12. The 2013 option for $13MM carries a $1MM buyout.
The Angels will pay Santana $17.8MM for his three arb years, up from the typical $14MM paid for that period in these types of deals. The Angels and Santana’s agent may have been looking at Scott Kazmir‘s deal as the model, the main difference being that Kazmir’s first arb year salary had already been determined before he signed long-term in May of ’08.
SATURDAY: According to Jon Heyman of SI.com, the Angels have agreed to a $30MM, four-year extension with Ervin Santana. There is a club option for a fifth year. The contract will prevent the two sides from going to arbitration. Heyman heard from WFAN’s Sweeny Murti that the option year is worth $12MM, if exercised. In that case, the deal would cover two of Santana’s free agent years.