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 ...

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