The Associated Press (via SI.com) is reporting that the Chicago white Sox and slugging first baseman Paul Konerko have agreed on a three year contract that is worth a guaranteed $37.5 million. Konerko has spent the last twelve seasons with the ChiSox helping them to their first World Series title in 88 years in 2005.
The two sides seemed acrimonious at various points, especially following the club's agreement with Adam Dunn, who is now likely to slot in as the club's designated hitter. Konerko will remain the mainstay at first base.
In his dozen years for the White Sox, he has blasted 358 home runs, an average of one home run ever 17.9 at bats. His career line with the club is a healthy .282/.358/.505. Some of that extra bop from his bat is thanks to the home run friendly field he has and will continue to call home.
Last season was a resurgent year for the thirty-four year old. He posted a career best .312/.393/.584 batting line in 631 plate appearances. He was named to the All-Star team for the fourth time in his career and finished fifth in MVP voting.
The contract will pay Konerko $12 million in both 2011 and 2012 and $13.5 in 2013. Seven million dollars will be deferred from the final year and paid out in million dollar annual increments between 2014 and 2020.
Joe Tetreault is Managing Editor 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 can be contacted here through The Biz of Baseball
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