Jennifer Langosch has the contract details for three of the newly signed Pirates:

Kevin Correia

Correia can earn up to $4 M in 2012.

As we know, Correia will receive a $2 M signing bonus, and $3 M annual salaries in 2011 and 2012.  He also has the following incentives and performance bonuses:

In 2012, Correia can receive $100,00 each for 170 innings, 180 innings, 190 innings, 200 innings, and 210 innings.  He can also receive $125,000 each for 26 games started, 28 games started, 30 games started, and 32 games started.

Correia can earn up to $1 M in performance bonuses in 2012.  If Correia repeats his 2009 season in 2012 (33 starts, 198 innings), he will receive $800,000 in performance bonuses.

Correia also has the basic awards incentives for 2011 and 2012.  If Correia is a Type A free agent after the 2012 season, the Pirates can’t offer him arbitration.

Scott Olsen

Olsen will receive $450,000 in 2011, with a $4 M option in 2012, along with a $100,000 buyout.  He also has the following performance bonuses in 2011 that can earn him an additional $2.95 M:

Olsen can receive $100,000 each for 8 and 10 games started; $150,00 each for 12 and 14 games started; $175,000 each for 16, 18, 20, 22, 24, 25, 26, 27, 28, 29, 30, 31, 32, and 33 games started.

Olsen made 33 starts in each of the 2007 and 2008 seasons.

He also has similar bonuses in 2012 if his option is picked up: $75,000 each for 22 and 24 games started; $87,500 each for 26, 28, 30, and 32 games started.  That amounts to a maximum of $4.5 M if Olsen has his option picked up and reaches all of his bonuses.

There’s also the basic awards bonuses for both years.  Like Correia, Olsen can’t be offered arbitration if he is a Type A free agent.

Josh Fields

Fields was signed to a minor league deal with an invite to Spring Training.  He will receive $750,000 if he makes the 25-man roster.  He also will receive incentives based on plate appearances: $25,000 each for 350 and 380: $50,000 each for 410, 440, 470 and 500.  The maximum he can earn is $1 M.

IMPORTANT: You will need to update your password after the switch to the new server in order to log in and comment. Go to the Password Reset Page to change your password.

1 COMMENT

  1. Not able to offer Correia and Olsen arbitration if they are type A FAs? Is that a normal contract clause because that seems like a pretty harsh thing for us to accept in Correia’s case not that I think he will be a Type A FA, but it means that if he does very well we have to offer him a ton of money or lose him for nothing.

Comments are closed.