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Mariners Notes: Olivo, Kennedy, Bard

Here are the contract details on three of the newest Mariners, courtesy of MLB.com's Greg Johns..

• Catcher Miguel Olivo's two year contract includes a team option for 2013.  The veteran will make $2.75 this season, $3.5MM in 2012, and will receive a $750K buyout if his option is not picked up, bringing his guaranteed total to $7MM.  If the M's pick up his option in '13, Olivo will earn a base of $3MM that could rise to as much as $3.75MM based on how much he plays in '11 and '12.
• Infielder Adam Kennedy will make $750K if he makes the big league roster.  The 35-year-old's contract includes playing-time bonuses that start kicking in at $50K for 350 plate appearances.  He could as much as $450K if he reaches 600 plate appearances.
• Catcher Josh Bard will also earn $750K if he makes the major league squad.  Bard's bonuses begin at 300 plate appearances and could reach $250K for 500 plate appearances.
• Both Bard and Kennedy can exercise an out clause if they're not on the major league roster by the end of March.

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