Ronny Cedeno and Jeff Karstens Contract Details
Jennifer Langosch has the contract details for Ronny Cedeno and Jeff Karstens, who each agreed to one year deals prior to the December 2nd non-tender deadline, thus avoiding arbitration.
Karstens will make $1.1 M, which is a figure we already knew. However, Langosch adds that he can make $25,000 if he makes 20 starts, and another $25,000 if he makes 25 starts. Karstens stepped up in the rotation last year to make 19 starts.
Cedeno received a one year deal with an option for the 2012 season. His one year deal comes in at $1.85 M, which is $50,000 higher than my original estimate for his 2011 salary. He also has a club option for 2012 at $3 M, with a $200,000 buyout. Cedeno’s option is interesting, as the price increases based on games played:
-Cedeno’s option increases to $3.5 M if he plays 140 games in 2011.
-Cedeno’s option increases to $4.0 M if he plays 142 games in 2011.
-Cedeno’s option increases to $4.5 M if he plays 147 games in 2011.
-Cedeno’s option increases to $5.0 M if he plays 150 games in 2011.
Cedeno only played in 139 games in 2010, mostly due to the fact that he was benched on a few occasions due to inconsistent play. Ideally, the club option will give him the incentive to maintain some consistency with his defense, which rated among the best in the majors at points during the 2010 season.
Cedeno also has a few impossible performance bonuses in his contract, such as $125,000 for winning the MVP award, $75,000 for a 2nd place MVP finish, $50,000 for a 3rd place MVP finish, $25,000 for being the World Series MVP, $25,000 for a Gold Glove, and $25,000 for an All-Star invitation. I guess those incentives make a lot of sense, especially the World Series MVP incentive. The only way the Pirates are winning the World Series in 2011 is if Cedeno somehow becomes the MVP of the league and a Gold Glove winner. Honestly, that just seems like the basic string of performance bonuses that gets placed in to contracts for position players.
The 2011 40-man roster/payroll projection has been updated.