The Pittsburgh Pirates officially announced their three-year deal with right-handed pitcher Ivan Nova on Tuesday afternoon. The two sides reached an agreement on Thursday (link has details and analysis), settling on a deal that is reportedly worth $26 M. It also includes incentives that could reach $6 M through the life of the contract. The deal was pending a physical, which was delayed due to the holiday weekend.
Pirates GM Neal Huntington issued the following statement via team press release:
“We are pleased to have been able to reach agreement with Ivan Nova to have him remain a Pirate,” said Huntington. “Ivan pitched well with us the final two months of the season and we look forward to him being a key part of our rotation as we work to return to the Postseason.”
A corresponding move to clear space on the 40-man roster will be announced later according to the team. Check back for any updates.
UPDATE 5:45 PM: Jon Heyman has an update on the contract. Nova will receive $7 M in 2017, followed by $8.5 M the last two years. He received a $2 M signing bonus, and as mentioned above, he can make an extra $2 M each season in incentives. Still no word on the other roster move to clear space.
Ivan Nova: 2M signing bonus, 7M in '17, 8.5M in '18, 8.5M in '19. 2M incentives each year.#pirates
— Jon Heyman (@JonHeyman) December 27, 2016
