Today the Pittsburgh Pirates picked up the option year for Pedro Alvarez. Alvarez has a unique contract which usually brings some confusion about how long the Pirates have him under control. As a refresher, I thought I'd break down his deal.
Alvarez is still under the deal he signed out of the draft (or to be more accurate, the second deal he signed out of the draft). That deal called for $700,000 options in 2013 and 2014. Either option could be voided by Alvarez if he would have been arbitration eligible. Since he won't be arbitration eligible in 2013, the Pirates were able to pick up his option. Next off-season he'll be able to void the $700,000 option.
Normally when players have option years and those options are bought out or voided, the player becomes a free agent. That's not th...
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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.