Posey bags $167 million extension from Giants
The San Francisco Giants signed catcher Buster Posey to a nine-year, $167 million contract extension Friday that runs through the 2021 season.
The deal, which includes a no-trade clause, is the largest guaranteed contract in history for a player with three or fewer years in the major leagues and the longest in Giants history. The guaranteed money also is a record for a pleyer with fewer than four years of service, topping Todd Helton's $151 million deal with the Colorado Rockies.
The 26-year-old Posey, who also plays first base, signed a one-year, $8 million contract before the season. With the extension, he'll now get a $7 million signing bonus, $10.5 million in 2014, $16.5 million in 2015, $20 million in 2016, and $21.4 million each from from 2017 to 2021.The final year of the contract includes a $22 million salary or a $3 million buyout.
Posey won the 2012 National League Most Valuable Player last year and the NL Rookie of the Year award in 2010.
Returning from a severely broken ankle he suffered during the 2011 season, Posey hit .336 with 24 homers and 103 RBI last season while leading the Giants to their second World Series championship in four years.
"We're extremely pleased to reach an agreement that keeps Buster in a Giants uniform for a long time," Posey's agent, Jeff Berry, said. "Buster and the Giants have brought each other mutual success, and this contract reflects Buster's extraordinary accomplishments in just three years in the Major Leagues."
On Thursday, the Giants announced three-year contract extensions for Giants general manager Brian Sabean and manager Bruce Bochy.
