It has now been a full two weeks since Justin Masterson reportedly offered the Indians a three- or four-year, $40MM to $60MM extension. The club has yet to act on the offer, however, reports Jon Heyman of CBSSports.com.
In fact, says Heyman, Masterson has made two separate proposals, both of which are still on the table and one of which is for only three years. Both offers include less guaranteed years at a slightly lower average annual value than the recent Homer Bailey extension. Bailey got six years and $105MM, earning approximately a $19MM AAV for the five free agent years covered. Masterson and the Indians have already agreed upon a $9.7625MM deal for 2014, so the new contract would cover 2015 and beyond.