UPDATE #3: After initial publication, it has been reported that Jorge de la Rosa reached agreement with the Rockies in advance of salary figure exchange, as has Jeremy Reed of the NY Mets. All pertinent data within this article has been updated to reflect the additions.
UPDATE #2: After initial publication, it has been reported that Frank Francisco reached agreement with the Rangers in advance of salary figure exchange. All pertinent data within this article has been updated to reflect the addition.
UPDATE #1: After initial publication, it has been reported that two Marlins players have reached agreements in advance of salary figure exchange. All pertinent data within this article has been updated to reflect their addition.
Tuesday, players and clubs will engage in the annual ritual of exchanging figures as part of the MLB salary arbitration process. Today (and, it’s possible that more could be inked), 10 deals were brokered, with these late breaking:
- According to Jeff Zrebiec of the Baltimore Sun, Nick Markakis has reached a 6-year/$66.1 million deal with the Orioles. In terms of guaranteed salary, it will be the largest Orioles contract behind only Miguel Tejada’s $72 million deal in 2003. The deal will include a standard incentive clause and a limited no-trade option.
- The Phillies and reliever Ryan Madson have reached a preliminary agreement for a 3-year, $12 million deal. According to Jayson Stark of ESPN, the deal will see a $1 million signing bonus, and $2 million in salary for the 2009 season, followed by $4.5 million each of the next two years. With the signing, the Phillies have gone from a league high eight players in salary arbitration to five (Joe Blanton, Chad Durbin, Ryan Howard, Shane Victorino, and Jayson Werth).
- The LA Angels and catcher Mike Napoli avoided arbitration by agreeing to a 1-year, $2 million contract.
- The Astros and catcher Humberto Quintero reached a 1-year, $610,000 deal, thus avoiding arbitration.
- The Marlins reached agreements with third-baseman Jorge Cantu (1-year, $3.5 million) and outfielder Jeremy Hermida (1-year, $2.25 million)
- The Rangers reached an agreement with reliever Frank Francisco (1-year, $1.6 million, with incentives), thus avoiding arbitration.
- The Rockies reached an agreement with starting pitcher Jorge de la Rosa (1-year, $2 million, with incentives.
- The Mets have signed outfielder Jeremy Reed (1-year, $925,000), thus avoiding arbitration.
All told, 24 deals have been brokered since last Thursday when eligible players filed for salary arbitration. Of those, nineteen of them are one-year contracts, with five contracts being multi-year (Nick Markakis, 6-years – Kevin Youkilis, 4-years – Cole Hamels, Ryan Madson, 3 years – Greg Dobbs, 2 years).
Excluding Markakis’ 2009 salary (it has not been reported as of publication), deals brokered with salary arbitration players are averaging $2,637,065.
See Salary Arbitration Tracker for updated details
MORE ON SALARY ARBITRATION
- White Sox, Bobby Jenks Reach Record One-Year, $5.6M Contract, Avoid Arbitration
- Flurry of Monday MLB Signings Avoid Salary Arbitration
- Rockies, RHP Huston Street Reach 1-year, $4.5 Deal. Avoid Arbitration
- Mariners, "King" Felix Hernandez Reach 1-year, $3.8M Deal
- Phillies, Cole Hamels Agree to 3-Year, $20.5M Deal
- Oliver of Angels, and Dobbs of Phillies Sign Deals Avoiding Arbitration
- Big Names, High Stakes Highlight Salary Arbitration Filings
- Salary Arbitration Filings
- Salary Arbitration Figures
- Arbitration Scorecard
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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