Jayson Stark at ESPN has the skinny on Pedro Martinez's contract with the Phillies from sources. It's incentive-laden, and has a few intriguing facets (Many of which were also reported by Jon Paul Morosi at FOX Sports last week):
- The deal is a prorated $2MM base salary, which will ultimately be worth less than $1MM for the rest of the season.
- He has incentives to pitch as both a starter and a reliever.
- Bonuses are awarded for every start Pedro pitches after his fifth. He's also getting paid a $15K bonus for every fifteenth day he's on the active roster.
- Incentives are included for postseason awards and the Comeback Player of the Year award.
- In all, Pedro could receive an additional $1.275MM next to his salary.
That should put an end to the Pedro saga (for this year), which probably continued for a longer time than many of us expected. Longer than maybe Pedro expected, too, as he had been asking $5MM in a prorated deal for his services as late as mid-June, but he wasn't expected to get more than an incentive-laden deal like the one he finally agreed to. We'll see how he performs down the stretch, as it will determine his value when he re-enters the FA market this coming offseason.