Home Salary Arb Signings/Rulings Salary Arbitration Arbitration Insanity Update: Street, Betancourt, Hamilton, Ludwick, Hardy, Lowe, Martin

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Arbitration Insanity Update: Street, Betancourt, Hamilton, Ludwick, Hardy, Lowe, Martin PDF Print E-mail
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Salary Arbitration
Written by Joe Tetreault   
Tuesday, 19 January 2010 14:08

Rockies Sign Street, Betancourt to Multi-Year Deals

Jon Heyman tweets on a pair of multi-season deals the Rockies have hammered out with arbitration eligible relievers Huston Street and Rafael Betancourt.

Street came over in the Matt Holliday trade last offseason and posted a solid season with 35 saves in 64 appearances. A minor injury caused him to miss 40 saves. Street's three-year deal is worth $22.5 million, an average of $7.5 million per year. Street earned $4.5 million in 2009.

Betancourt joined the Rockies at midseason, coming over from the Indians in exchange for minor leaguer Connor Graham. Betancourt posted excellent numbers down the stretch, winning three games and saving another in 25.3 inning pitched. Betancourt was a free agent following the 2009 season but accepted the Rockies offer of arbitration to stay with the club. His deal is worth $7.55 million for two years, after earning $3.35 million in 2009.

Hamilton Gets One-Year Deal From Rangers

More from Jon Heyman who again tweets news of a contract agreement. This time it's Texas Rangers who ponied up $3.25 million to sign first-time arbitration eligible outfielder Josh Hamilton. Hamilton's deal also includes bonuses for various awards, such as MVP.

Hamilton battled injuries in 2009, posting a .268/.315/.426 batting line. He turns 29 in late May and may shift to left field yielding center to Julio Borbon Jr.. Hamilton earned $555,000 in 2009, his last season before arbitration eligibility.

Cardinals Ink Ludwick to Avoid Arbitration

The Cardinals Official Twitter account tweets that the club agreed on a one year deal with outfielder Ryan Ludwick. The deal is reported to be worth $5.45 million. Ludwick earned $3.7 million in 2009.

An early season injury stalled Ludwick, who could not muster an encore for his big breakout 2008. He still hit well last season with a batting line of .265/.329/.447. He's expected to continue to patrol rightfield for the Cardinals.

Hardy, Twins Have a Deal

La Velle Neal of the Minneapolis Star Tribune tweets that the Twins have a one year deal with shortstop J.J. Hardy worth $5 million to avoid arbitration. Hardy was acquired by the team in exchange for Carlos Gomez from the Brewers earlier this offseason.

Hardy struggled in 2009, including a mid-season demotion. His slash line was the lowest of his career at a paltry .229/.302/.357. Hardy's value remains with the glove. He earned $4.65 million in 2009.

Mark Lowe Agrees to deal with the Mariners

Mike Salk of ESPN Radio 710AM in Seattle reports the Mariners other big signing of the day. The club agreed on a one-year deal with reliever Mark Lowe that will pay the 26 year old $1.15 million for the coming season.

Lowe had one of his best seasons in the big leagues last year, with an ERA of 3.26 and the lowest walk rate of his career. His live fastball has long signaled that he was destined to close games in the Pacific-Northwest, but with David Aardsma in firm possession of the job, Lowe will handle set up chores in the coming year. He made $418,000 in 2009.

These signings reduce the number of players whose cases are pending to 89. MLB clubs will exchange figures with their remaining arbitration eligible players today. Please visit the salary arbitration page for more information.

Russell Martin Gets 1-yr, $5.05M

Dylan Hernandez of the LA Times tweets that the Dodgers avoided arbitration by agreeing with catcher Russell Martin on a one-year contract worth $5.05 million. Her earned $3.9 million last year.

Martin's 2009 season was a slip from his previous two all-star campaigns. He still posted solid on-base numbers but saw his power evaporate. His 26 extra base hits (19 doubles, 7 homeruns) were the fewest in his four MLB seasons. Martin turns 27 in less than a month.

These signings reduce the number of players whose cases are pending to 89. MLB clubs will exchange figures with their remaining arbitration eligible players today. Please visit the salary arbitration page for more information.


Joe Tetreault is a member 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.

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