11:20am: Morrow will earn $4MM in 2012 and $8MM in 2013 and 2014, Mike Wilner of Sportsnet Radio FAN 590 in Toronto tweets. There's a $10MM option with a $1MM buyout in 2015 for a total guarantee of $21MM.
7:30am: The Blue Jays have signed right-hander Brandon Morrow to a three-year, $20MM extension, the team announced. The deal includes a 2015 option for $10MM. The Blue Jays and the Wasserman Media Group client were known to be nearing an agreement last night.
Morrow, who is arbitration eligible for the second time, had filed for a 2012 salary of $4.2MM, while the Blue Jays had countered at $3.9MM. The contract buys out both of his remaining seasons of arbitration eligibility and at least one free agent season.
The Blue Jays moved Morrow (pictured) to the rotation full time in 2010, soon after acquiring him from the Mariners for for Brandon League and Johermyn Chavez. In two seasons as a starter, the 27-year-old owns a 4.62 ERA with 10.5 K/9 and 3.7 BB/9 over the course of 325 2/3 innings.
Despite Morrow's ability to overwhelm opposing hitters — he led the American League in K/9 last year — he has posted below-average ERAs since joining the rotation. SIERA (3.31) and xFIP (3.53) suggest his ERA of 4.72 could have been considerably lower in 2011. There's reason for the Blue Jays to expect some improvement in terms of ERA, even if Morrow continues under-performing his peripheral stats. Though he's a fly ball pitcher (36.0% ground ball rate in 2011), he hasn't been particularly homer-prone (21 home runs in 2011).
MLBTR's Mark Polishuk examined Morrow as an extension candidate last August and his prediction (a three-year, $19MM deal with an $11MM option) came extremely close to the actual numbers. Shi Davidi of Sportsnet first reported that the sides were nearing a three-year, $20MM extension.
Photo courtesy Icon SMI.