The Slanch Report

Dustin Pedroia, the reigning MVP, (that sounds AWESOME to say) has, according to Peter Gammons, signed a 6 year, $40.5 million contract extension. Without full details on bonuses and such, the information isn’t complete, The full details are below the jump, it looks like the Sox made a great deal getting Pedroia for an AAV (annual average value) of 6.75 for the next 6 years. Sounds like a great bargain to me! Considering the production the team has received from Dustin already, including some nice hardware, (RoY, Silver Slugger, Gold Glove, MVP and that handsome World Series trophy last year) it looks like the Sox will be getting great value from this contract through the length of the deal. Can we just please please please make sure of two things, one, he never poses shirtless on the cover of SI, in fact, how about never posing on the cover, ever, and two, that the Orioles never ever EVER hit him on the wrist.

Sure, Dustin won’t ever hit 30 homers or drive in 140, but all the other things he does are so important, so valuable, that this contract will look like a bargain I believe by the time it is over.

Also, don’t be surprised when in the next 2-3 years despite being so young, Dustin gets awarded his own C to go on his uniform.

From the Boston Globe, here are the full details for Pedroia’s contract.

Signing bonus – $1.5 million

Base salaries
2009 – $1.5 million
2010 – $3.5 million
2011 – $5.5 million
2012 – $8 million
2013 – $10 million
2014 – $10 million

Club option
2015 – $11 million (or a $500,000 buyout)

The option will increase to $13 million if Pedroia wins another MVP at any point over the next six years. Anytime he finishes in the top three of the voting, his option would increase by $1 million each time, capping at $13 million. At most, barring award incentives, the deal could be worth $53 million over seven years.