Pirates sign McLouth's to deal worth up to $26.4 million
BRADENTON, Fla. — Outfielder Nate McLouth's new contract is a three-year deal worth a guaranteed $15.75 million. There also is a club option for 2012, which would boost the total value to at least $26.4 million.
This year, McLouth will make $3.5 million, which includes a $1.5 million signing bonus. He'll get $4.5 million in 2010 and $6.5 million in 2011. The club option for 2012 is worth $10.65 million or a $1.25 million buyout.
The deal also includes performance bonuses for All-Star Game appearances and for winning the Silver Slugger and Gold Glove awwards. Those bonues increase to $500,000 in 2010 and 2011. If the option is exercised in 2012, those bonuses can be up to $750,000.
As has become standard in long-term contracts with the Pirates, McLouth will make an annual donation to Pirates Charities.
The Pirates and McLouth had a breakthrough in contract talks late last night. The two sides came to terms just hours before McLouth's scheduled arbitration hearing in Phoenix.
McLouth is en route to Pirates spring training camp from Phoenix. He is expected to hold a press conference later this evening at Pirate City.
McLouth was the last unsigned player in camp. Last season, he hit .276 with 26 home runs and 94 RBI.
Over the winter, the Pirates signed two other arbitration-eligible players -- lefty Paul Manholm and catcher Ryan Doumit -- to multi-year deals.
"I think it shows they see the guys they want, who they can hopefully build around and turn it around," Maholm said.
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