With the final week of salary arbitration hearings coming up, the Arizona Diamondbacks and Edwin Jackson decided it was better to compromise on Valentine’s Day, than go to salary arbitration hearing.
According to The Associated Press, the right-hander reached a two-year, $13.35 million deal that will pay Jackson $4.2 million salary this season, and 8.35 million in 2011. The deal also came with an $800,000 signing bonus. Jackson had been seeking $6.25 million while the Diamondbacks were offering $4.6 million. His $4.2 million salary for 2010 is $1.225 million below the mid-point between the two figures, the 10th largest figure below mid-point to date for the 44 players that have exchanged figures. Jackson will see a 91 percent raise from his $2.2 million he earned last season. The deal wraps up Jackson through his final two years of salary arbitration eligibility. He was the lone salary arbitration eligible player to exchange figures with the Diamondbacks.
Jackson went 13-9 with a 3.62 ERA in 33 starts for Detroit last season. He pitched the most innings of his career (214) set a career high in strikeouts (161) winning percentage (.591) and career low in ERA (3.62) in 2009 while also being an All-Star. He was part of the three-way deal that sent Curtis Granderson to the Yankees.
With Jackson reaching a settlement contract, there are 7 players left in salary arbitration. The list of the players who exchanged numbers on January 19th can be found on the arbitration figures page.
YAHOO! SPORTS ARTICLES ON SALARY ARBITRATION:
Inside a Tim Lincecum arbitration hearing - 2/10/10
Salary arbitration: Battle of the midpoint – 1/26/10
Evolution of salary arbitration: an ironic tale – 1/19/10
RESOURCES FOR SALARY ARBITRATION
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