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post #1 of 1 (permalink) Old 04-08-2010, 03:02 PM Thread Starter
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Gallardo, Brewers agree to contract

Pitcher Yovani Gallardo, Milwaukee Brewers agree to $30.1 million, five-year contract - ESPN

MILWAUKEE -- Pitcher Yovani Gallardo and the Milwaukee Brewers agreed Thursday to a $30.1 million, five-year contract, a deal that could be worth $42.5 million over six seasons.

The agreement covers the right-hander's arbitration-eligible years and the first season after he would have become eligible for free agency.

Gallardo receives a $1.25 million signing bonus: $500,000 payable when the contract is approved by Major League Baseball, $500,000 on July 15 and $250,000 on Nov. 15. He gets salaries of $500,000 this year, $3.25 million next season, $5.5 million in 2012, $7.75 million in 2013 and $11.25 million in 2014. Milwaukee holds a $13 million option for 2015 with a $600,000 buyout.

Gallardo could void the option if he accumulates six points under a system in which he earns five points for winning a Cy Young Award, three points for finishing second in voting and one point for finishing third.

He has a full no-trade provision through the 2012 season. After that, he can select 10 teams he cannot be dealt to without his consent.

Gallardo's agreement replaced a one-year contract that Milwaukee had renewed for $450,000 last month.

The 24-year-old was a second-round pick of the 2004 amateur draft. He went 13-12 with a 3.73 ERA in 30 starts last season after missing all but four starts the previous year with a torn ligament in his left knee.

Gallardo was Milwaukee's Opening Day starter on Monday and took the loss.

Copyright 2010 by The Associated Press

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