Carmona Signs Multiyear Contract Extension
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Indians sign young star Carmona to multiyear extension
The Indians have signed right-hander Fausto Carmona to a multiyear contract extension.
ESPN The Magazine's Buster Olney reports that Carmona's contract is potentially worth $43 million over seven years, with the first four years guaranteed for $15 million total. With escalators, the contract could exceed $43 million.
The deal matches the highest guaranteed to a pre-arbitration starting pitcher (the other was the Cardinals' Adam Wainwright), and it's the highest guaranteed deal for a starting pitcher with only one-plus years of service time.
The contract is guaranteed through 2011 with club options for 2012, 2013 and 2014. The team will formally announce the extension at a 3 p.m. ET news conference.
The 24-year-old Carmona had a breakout year in 2007, winning 19 games for the AL Central champion Indians.
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Full story.
Quite the steal for the Indians, even if Carmona regresses from his stellar 2007.
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Carmona Signs Multiyear Contract Extension
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