Octavio Dotel contract details

Dejan Kovacevic reports that Octavio Dotel will make $3.25 M in 2010, with a $4.5 M option in 2011.  That option includes a $250 K buyout.  The deal includes performance bonuses based on games finished, although those bonuses are unknown.  The deal also comes with a clause that makes the option a mutual option, should Dotel get traded.  While this doesn’t prevent the Pirates from potentially trading Dotel, it does lower his value essentially to a two month rental, as Dotel could void the option with his new team and enter free agency again next off-season if traded.

Of course there’s no guarantee Dotel will be traded.  Dotel was a Type A free agent this off-season, although he wasn’t offered arbitration, which means the Pirates won’t lose any draft picks for signing him.  However, there’s a good chance that he retains his Type A status, which means the Pirates could get two compensation picks for him after the season.  To do so they would need to buyout his option for $250 K, then offer him arbitration.  Dotel would need to decline arbitration, at which point the Pirates would be guaranteed a compensation pick between the first and second rounds of the 2011 draft, plus a second compensation pick from the team that signs Dotel for the 2011 season.

If Dotel were to accept the offer of arbitration from the Pirates, he would be eligible for a raise over his total compensation in 2010 (the $3.25 M, plus any bonuses he receives).  The Pirates would still be paying the $250 K buyout in that scenario, on top of Dotel’s new 2011 salary.

The 2010 40-man roster/payroll page has been updated.  It looks like the opening day payroll will remain in the $36 M range.  The Future Payroll Commitments page has also been updated.  With Dotel’s $250 K buyout, the Pirates are now committed to just $12.35 M after the 2010 season, with $11.1 M of that in 2011.

Author: Tim Williams

Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.

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