Olsen is owed the full $550 K that the Pirates guaranteed him.
The Pittsburgh Pirates released Scott Olsen last week, after Olsen spent the start of the 2011 season on the 60-day disabled list. The Pirates originally signed Olsen to a one year, $550 K guaranteed deal, which included a $450 K salary in 2011, and a $100 K buyout on his option in 2012. If you notice on the 2011 40-man roster page, I've got him listed as being paid $550 K for the year, even though he has been released.
The reason Olsen is taking up $550 K of payroll is that when the team released him, they basically ate all of the guaranteed money on the deal. That includes his 2011 base salary of $450 K, and his 2012 buyout of $100 K. Had Olsen been released prior to March 28th, the Pirates would have only owed him ...
To continue reading the rest of this article, subscribe to Pirates Prospects. Subscribers get access to every article on the site, along with all of our exclusive live coverage of the Pirates' minor league system, all for a very low monthly or yearly rate.
If you're already a member, you can log in below. If you think you're receiving this message in error, please e-mail email@example.com.