Kevin Correia Contract Details

Correia will earn $3 M a year.

Yesterday the Pirates agreed to a deal with right handed pitcher Kevin Correia for two years and $8 M.  Dejan Kovacevic has the breakdown of the contract details.

Correia’s deal includes a $2 M signing bonus, plus base salaries of $3 M a year in 2011 and 2012.  He can also earn up to $1 M in performance bonuses.  If Correia is traded, his new team can’t offer him arbitration.  Correia was a Type B free agent this off-season, and by signing with the Pirates he netted the San Diego Padres a first round compensation pick in the 2011 draft (the Pirates don’t have to pay any compensation, as the pick is awarded by Major League Baseball).

It’s likely that Correia’s bonus will be applied to the 2011 payroll.  By my estimates, his addition, plus the addition of Scott Olsen, will bring the payroll up to just over $35 M (after figuring in expected arbitration raises).

Tim Williams

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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