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Pirates Give Charlie Morton a Three Year Extension

Pirates Give Charlie Morton a Three Year Extension

 

The Pirates have extended Charlie Morton for three years. (Photo Credit: David Hague)

Jeff Passan of Yahoo Sports reports that the Pittsburgh Pirates have given Charlie Morton a three year extension that is worth $21 M. The deal could be worth up to $30 M, as Morton has an option for a fourth season. The contract breaks down as follows:

2014: $4 M

2015: $8 M

2016: $8 M

2017: $9.5 M + $500,000 in potential incentives ($1 M buyout)

If Morton is traded, the club option turns into a mutual option, although Morton would forfeit the buyout if he declined that option.

Earlier in the off-season I wrote about how Morton is an under-rated pitcher who compares to Brandon Webb and Derek Lowe due to his extreme ground ball ratios. I suggested in that article that they give him a three year extension, although my estimates on the cost were a little high, coming right after Tim Lincecum's deal inflated expectations for the market.

Morton would have been a free agent ...

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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.

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