The Red Sox wasted no time locking up American League MVP Dustin Pedroia with a six-year, $40.5 million contract, with an option for 2015, that takes them through three arbitration and two free-agent seasons. ...Even though Pedroia is not eligible for free agency until after the 2012 season -- four years from now -- I love this deal. FY gets some financial security and if he continues to produce as he has over the last two years, Boston will be getting an obscene bargain for nearly a decade.
The 25-year-old second baseman will receive a signing bonus of $1.5 million and a salary of $1.5 million in 2009, followed by salaries of $3.5 million, $5.5 million and $8 million in what would have been his three years of arbitration eligibility. Pedroia would earn $10 million salaries in 2013 and 2014.
The deal, negotiated by agents Sam and Seth Levinson, also includes a team option to pay him $11 million in 2015 or buy him out for $500,000. If Pedroia is traded, the option would be voided.
Thanks, Dustin. Thanks, Theo.