Sanchez's previous contract, signed in October of 2009, runs through this year, and the new deal extends him at the same salary through the 2012 season. According to our source, Sanchez turned down a 2013 club option with an accompanying buyout, preferring to retain control of his contractual status after the '12 season. Sanchez is represented by Sosnick Cobbe Sports.
Sanchez, 33, hit .292/.342/.397 in 479 plate appearances for the Giants last year, batting second most of the time. He's known for his ability to hit for average, with a .298 career mark and a batting title in 2006. He's also solid with the glove, based on UZR. The one recent concern has been durability, as he's missed time with back, knee, and shoulder injuries the past few years.
The extension pushes Sosnick Cobbe Sports into the $90MM range for total contracts brokered this offseason, putting the firm in play for top ten overall placement for the second consecutive winter. Though it's a small agency, Sosnick Cobbe has done about the same volume of business this winter as Wasserman Media Group and Octagon due to contracts for Jay Bruce, Ricky Nolasco, and others. Josh Willingham is an extension candidate with Oakland, which could push their total higher.