The Diamondbacks have signed free agent catcher Henry Blanco to a one-year contract with a mutual option for 2013. The guaranteed year will pay Blanco $1.2MM, according to Jon Heyman of SI.com (on Twitter), and MLBTR has learned that Blanco will earn $1.24MM in 2013 if both sides agree to exercise the mutual option.
The D'Backs picked up their side of a $1.15MM mutual option with Blanco this week, but the 40-year-old backstop declined his, electing free agency instead. In 112 plate appearances in 2011, Blanco posted a .250/.330/.540 line with eight home runs. Elite Sports Group represents Blanco, as our Agency Database shows.
D'Backs GM Kevin Towers told Nick Piecoro of the Arizona Republic (Twitter link) earlier today that the club had "pretty much agreed to terms" with the veteran catcher.
Wow, I wish I could get a 50K raise as quickly.
well he had one of his best offensive seasons ever. He probably earned it and that salary metric stuff might agree
wow dbacks ease up…. blanco and mcdonald? we just started the offseason
they’re stealing all the A-list talent from us!
$50,000 and an option, probably has a buy-out on the option, so he got more than $50K.
He voided the buyout when he voided the option that the Diamondbacks exercised. There was a $250k buyout if the Diamondbacks declined the option. If the new contract is truly is $1.2 million, then he got only $50k more by voiding the option.
The new contract will have a buy-out also. You ought to know that… As a matter of fact, look at the update. Wizard,huh????
Geez. No need to get snarky. If you meant an option on the new contract, then I misunderstood you and I apologize. It’s difficult to calculate value of soft money on a contract that no one has the details of yet…
I guess you could say they gave him a Blanco check