Maholm is open to an extension, but what is he worth?

A lot of trade rumors have surrounded Paul Maholm this off-season.  The left hander is entering the final year of his three year contract with the Pittsburgh Pirates, earning $5.75 M this year.  He also has an option in 2012 for $9.75 M, with a $750,000 buyout.  However, because Maholm is coming off a year where he put up a 5.10 ERA in 185.1 innings of work, the popular opinion is that the Pirates won't exercise that option, or will try to trade Maholm this year before the trade deadline.

Fueling that opinion is the fact that the Pirates should see a few of the 2010 Altoona starters make their way to the majors this summer, which could force Maholm out of the rotation.  But while the popular opinion is that Maholm is good as gone ...

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