Is Pedroia the next Joe Morgan?
December, 4, 2008
Hard to figure how this isn't a great deal for MLB's No. 1 organization
The Red Sox wasted no time locking up American League MVP Dustin Pedroia with a six-year, $40.5 million contract, with an option for 2015, that takes them through three arbitration and two free-agent seasons.
It is one of the four biggest nonarbitration deals ever, along with the contracts given to Hanley Ramirez, David Wright and Ryan Braun.
The 25-year-old second baseman will receive a signing bonus of $1.5 million and a salary of $1.5 million in 2009, followed by salaries of $3.5 million, $5.5 million and $8 million in what would have been his three years of arbitration eligibility. Pedroia would earn $10 million salaries in 2013 and 2014.
The deal, negotiated by agents Sam and Seth Levinson, also includes a team option to pay him $11 million in 2015 or buy him out for $500,000. If Pedroia is traded, the option would be voided.
If he wins another MVP, his 2014 salary and 2015 option would increase by $2 million each. If he finishes second or third, they would go up by $1 million each, and he can accomplish that escalator twice.