The Pittsburgh Pirates have officially announced the six year extension for Starling Marte, which was agreed to yesterday. Marte is signed to a six year, $31 M deal with two option years. The deal guarantees one of his free agent years, and buys out control of three of his free agent years.
Jon Heyman has the breakdown of the contract. Marte will receive the following salary amounts:
Signing Bonus: $2 M
2014: $500,000
2015: $1 M
2016: $3 M
2017: $5 M
2018: $7.5 M
2019: $10 M
2020: $12.5 M option
2021: $13.5 M option
Buyout: $2 M
The option years come with escalators, so the overall deal could be greater than above. Right now it looks like Marte’s deal is for a maximum of eight years and $55 M. Yesterday I wrote about how the Pirates could get a huge value from this extension.
