Jerry Crasnick reports that Scott Olsen has accepted his deal with the Pittsburgh Pirates, and will make $500,000 in 2011, with the chance to earn up to $3 M in performance bonuses based on starts. Crasnick also adds that the deal includes a $4 M club option for the 2012 season. No word on a buyout for the option, although we heard the deal was for $1 M, so it’s possible that the buyout could be $500 K.
The main thing I don’t like about Olsen is his history of attitude problems and fights with teammates. From a baseball standpoint this isn’t a bad deal. It’s a low cost for a 27 year old starter, along with an option for 2012 incase he has a surprise season. If he does have a surprising season, the option will be reasonably priced for 2012, and might give Olsen some strong trade value.