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
John started working at Pirates Prospects in 2009, but his connection to the Pittsburgh Pirates started exactly 100 years earlier when Dots Miller debuted for the 1909 World Series champions. John was born in Kearny, NJ, two blocks from the house where Dots Miller grew up. From that hometown hero connection came a love of Pirates history, as well as the sport of baseball.
When he didn't make it as a lefty pitcher with an 80+ MPH fastball and a slider that needed work, John turned to covering the game, eventually focusing in on the prospects side, where his interest was pushed by the big league team being below .500 for so long. John has covered the minors in some form since the 2002 season, and leads the draft and international coverage on Pirates Prospects. He writes daily on Pittsburgh Baseball History, when he's not covering the entire system daily throughout the entire year on Pirates Prospects.