MONDAY: Kendrick's contract pays $3MM in 2012 and $4.5MM in '13, reports Jim Salisbury of CSNPhilly.com. The righty can make up to $500K per season in incentives based on starts.
SUNDAY: Kyle Kendrick has agreed to a two-year, $7.5MM contract with the Phillies, the team announced. The right-hander, avoided arbitration with the club earlier this offseason by agreeing to a one-year, $3.585MM deal. This new contract will cover the 2012-13 seasons, effectively overwriting that previous agreement. Kendrick, earned $2.45MM in 2011 as he posted a 3.22 ERA with 4.6 K/9 and 2.4 BB/9 in 114.2 innings of work.
The deal buys out two of the 27-year-old Kendrick's arbitration seasons. As a Super Two player, he'll be arbitration-eligible for a fourth and final time following the 2013 season. As a fellow Super Two starter, Jason Hammel's two-year, $7.75MM extension with the Rockies last year likely served as somewhat of a framework for Kendrick and his representation at SFX. Kendrick's deal looks looks a bit more favorable, as he'll earn slightly less money despite the fact that he has a lower career ERA over more innings with more wins than Hammel did when he signed his deal — all factors an arbitration panel would consider heavily.
MLBTR's Extension Tracker shows that Kendrick joins Hammel, Ryan Vogelsong, Clayton Kershaw, Tim Lincecum, Chris Carpenter, and R.A. Dickey as pitchers to sign a two-year extension over the past two years. A look at our Transaction Tracker reveals that this is the fourth multi-year deal given out by GM Ruben Amaro Jr. this offseason. Jonathan Papelbon, Jimmy Rollins, and Laynce Nix all secured multi-year commitments via free agency.
Tim Dierkes and Steve Adams contributed to this post.