The Reds agreed to a three-year, $35MM extension with Bronson Arroyo, according to Ken Rosenthal of FOX Sports (Twitter links). The deal will cover the 2011-13 seasons, though Arroyo was already under contract for $13MM in 2011, since the Reds picked up their club option. Mark Sheldon of MLB.com reports that the contract doesn't include a no-trade clause, but Arroyo will gain 10-and-5 rights in April 2012 and the pitcher was "given enough assurance" by owner Bob Castellini to ensure that he will stay in Cincinnati.
A great deal of Arroyo's salary will be deferred, Rosenthal reports. The hurler will receive $6.5MM in 2011 and $7MM in 2012, but will see $15MM of the $18MM that he is owed in 2013 deferred. It is interesting to note that the deferral is voided if Arroyo is traded. This essentially grants Arroyo a no-trade clause as it is extremely unlikely that any club will want to pay him $18MM in '13.
Arroyo, 34 in Febraury, logged 215 2/3 innings in 2010, reaching 200 innings for the sixth consecutive season. The 11-year-veteran posted a 3.88 ERA with 5.0 K/9 and 2.5 BB/9.
Ted Lilly, who turns 35 in January, signed a three-year, $33MM contract that may have been a point of reference in the negotiations. Another lefty, Jorge de la Rosa, recently agreed to a three-year, $32MM deal with the Rockies.