Danny Knobler breaks down the Rick Porcello contract:
Signing Bonus – $3.85 million
2007 – $95,000 ($380,000 prorated for August 15th to the end of the season)
2008 – $1.1 million
2009 – $1.2 million
2010 – $1.025 million
There are also option years for 2011 and 2012 and those years are priced on whether he’s in the bigs and whether he’s arbitration eligible.
I’ve updated the payroll spreadsheet to reflect Porcello’s deal.
According to the Baseball America draft database the Tigers committed nearly $11 million dollars in their first 7 picks. It’s thrilling to see the Tigers go after high ceiling, hard sign guys and it’s even better to see Mike Ilitch do what it takes to bring them in the fold.