January 17, 2013

Red Sox And Napoli Finally Agree On Contract: 1/5, With Incentives

Rob Bradford, WEEI:
According to multiple major league sources, the Red Sox and Mike Napoli have reached an agreement on a one-year deal. (UPDATED: According to another major league source, the deal is for one year with Napoli getting a $5 million guarantee. The deal includes incentives that could increase the value of the contract back to roughly $13 million if Napoli does not spend any time on the disabled list due to a hip injury. The contract is strictly a one-year deal — it does not include any team, vesting or mutual options.)

The two sides had been renegotiating an agreed upon three-year, $39 million contract since concerns arose regarding the free agent first baseman’s hip after a team-administered physical on Dec. 10. The original deal was agreed upon on Dec. 3.
Nice work by Ben Cherington on this one. (WEEI's Alex Speier on what it all means.)

The Red Sox also signed catcher Jarrod Saltalamacchia to a one-year deal worth $4.5 million. Salty earned $2.5 million last year.


nick said...

dang! That's some difference. Well, may we have a year where he qualifies for every damn one of those incentives.

9casey said...

Hope so. He must really have a significant injury.