UPDATE: Gutierrez' contract is for four years and a guaranteed $20.25 million. The deal includes a $1.25 million signing bonus, a club option worth $7.5 million for 2014 and a buyout of that option worth $500K. Gutierrez will earn $2 million in 2010, $4 million in 2011, $5.5 million in 2012 and $7 million in 2013.
Ken Rosenthal tweets that Seattle and Franklin Gutierrez have agreed to a four-year, $20.5 million contract extension. Gutierrez was arbitration eligible for the first time this season. The deal locks him up through his age 30 season and buys out a year of free agent eligibility.
He joined Seattle last season as part of the three-team, twelve player J.J. Putz deal. Gutierrez established himself a fan-favorite in Seattle, posting a .283/.339/.425 batting line while playing sparkling centerfield defense for the Mariners. His breakout season included a number of highlight reel catches and a memorable game-winning three-run home run against the Rangers.
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