Jennifer Langosch has the contract details for three of the newly signed Pirates:
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.
Olsen will receive $450,000 in 2011, with a $4 M option in 2012, along with a $100,000 buyout. He...
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.