The $126 million deal averages approximately $18 million per season. Zito will be formally introduced by the Giants this afternoon.
The deal, agreed to late Wednesday night, includes an $18 million option for 2014 that could increase the value to $144 million, an unidentified source told The Associated Press.
7 years 126 Mill, they can have him!!!!!!!!!!!!!!!!!!!
I seem to remember a certain guarantee from someone about Zito to the Mets. Oh well. That's a boatload of money, but I would be more concerned about the years. FA deals for pitchers over four years rarely work out. Even though Zito is still young and has always been durable, should something happen, they are on a very large hook for a very long time.
I seem to remember a certain guarantee from someone about Zito to the Mets. Oh well. That's a boatload of money, but I would be more concerned about the years. FA deals for pitchers over four years rarely work out. Even though Zito is still young and has always been durable, should something happen, they are on a very large hook for a very long time.
They'll insure his contract so if anything serious happens to him, the insurance company pays. And many insurance company's will want to take on this contract because Zito isn't a flame thrower and has been healthy his whole career, so they won't have any problem finding someone to insure him!
But you are still tied up with that contract.
I would have loved to have Zito, but not for 7 years and 126 million.