Contract Details for Correia, Olsen, and Fields

Jennifer Langosch has the contract details for three of the newly signed Pirates:

Kevin Correia

Correia can earn up to $4 M in 2012.

As we know, Correia will receive a $2 M signing bonus, and $3 M annual salaries in 2011 and 2012.  He also has the following incentives and performance bonuses:

In 2012, Correia can receive $100,00 each for 170 innings, 180 innings, 190 innings, 200 innings, and 210 innings.  He can also receive $125,000 each for 26 games started, 28 games started, 30 games started, and 32 games started.

Correia can earn up to $1 M in performance bonuses in 2012.  If Correia repeats his 2009 season in 2012 (33 starts, 198 innings), he will receive $800,000 in performance bonuses.

Correia also has the basic awards incentives for 2011 and 2012.  If Correia is a Type A free agent after the 2012 season, the Pirates can’t offer him arbitration.

Scott Olsen

Olsen will receive $450,000 in 2011, with a $4 M option in 2012, along with a $100,000 buyout.  He also has the following performance bonuses in 2011 that can earn him an additional $2.95 M:

Olsen can receive $100,000 each for 8 and 10 games started; $150,00 each for 12 and 14 games started; $175,000 each for 16, 18, 20, 22, 24, 25, 26, 27, 28, 29, 30, 31, 32, and 33 games started.

Olsen made 33 starts in each of the 2007 and 2008 seasons.

He also has similar bonuses in 2012 if his option is picked up: $75,000 each for 22 and 24 games started; $87,500 each for 26, 28, 30, and 32 games started.  That amounts to a maximum of $4.5 M if Olsen has his option picked up and reaches all of his bonuses.

There’s also the basic awards bonuses for both years.  Like Correia, Olsen can’t be offered arbitration if he is a Type A free agent.

Josh Fields

Fields was signed to a minor league deal with an invite to Spring Training.  He will receive $750,000 if he makes the 25-man roster.  He also will receive incentives based on plate appearances: $25,000 each for 350 and 380: $50,000 each for 410, 440, 470 and 500.  The maximum he can earn is $1 M.

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, 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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