The Twins have agreed to terms with right-hander Carl Pavano on a two-year, $16.5MM contract, according to a team press release. Pavano will earn $8MM next season and $8.5MM in 2012, plus an extra $500K should he reach certain incentive clauses. A deal between the club and the veteran starter has seemed imminent for the last two weeks, and the two sides were said to be "very close" to a contract just yesterday. Pavano is represented by Tom O'Connell.
Pavano, 35, has pitched well for the Twins since joining the team in August 2009. Pavano has posted a 3.97 ERA and a 3.32 K/BB ratio in 44 starts as a Twin, and his seven complete games last season tied Cliff Lee for most in the American League.
Pavano's deal resembles the contract Joel Pineiro signed almost exactly a year ago, a comparison MLBTR's Tim Dierkes drew in late December. In November, three of five MLBTR writers correctly predicted Pavano would remain with the Twins.