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Pirates and Felipe Rivero Reportedly Agree on Contract Extension

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Ken Rosenthal is reporting that the Pittsburgh Pirates and closer Felipe Rivero have agreed on a four-year contract extension with two club options. Rosenthal believes the deal is for $22 M over the four years and each option is $10 M. As noted in the tweet below, this covers all four arbitration years for Rivero, plus two years of free agency.

Rivero and the Pirates couldn’t agree to an arbitration deal on Friday before the deadline, with the Pirates offering $2.4 M and Rivero asking for $2.9 M. At that time, it was taking a long time for the news to come out about whether he filed for arbitration or not, so the speculation was that the two sides were discussing an extension. That is something that Rivero mentioned last month in an interview as well, so it appears that was true.

Bob Nightengale has the exact figures, which includes a signing bonus:

Nightengale also has some incentives that are built into the contract, so Rivero could make much more than the $22 M plus options.

John Dreker
John Dreker
John started working at Pirates Prospects in 2009, but his connection to the Pittsburgh Pirates started exactly 100 years earlier when Dots Miller debuted for the 1909 World Series champions. John was born in Kearny, NJ, two blocks from the house where Dots Miller grew up. From that hometown hero connection came a love of Pirates history, as well as the sport of baseball. When he didn't make it as a lefty pitcher with an 80+ MPH fastball and a slider that needed work, John turned to covering the game, eventually focusing in on the prospects side, where his interest was pushed by the big league team being below .500 for so long. John has covered the minors in some form since the 2002 season, and leads the draft and international coverage on Pirates Prospects. He writes daily on Pittsburgh Baseball History, when he's not covering the entire system daily throughout the entire year on Pirates Prospects.

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