Sunday, March 31, 2013

Buster Posey gets $167M, 9-year deal from Giants

San Francisco Giants' Buster Posey removes his cap during batting practice before an exhibition spring training baseball game against the Oakland Athletics, Thursday, March 28, 2013, in San Francisco. (AP Photo/Ben Margot)

San Francisco Giants' Buster Posey removes his cap during batting practice before an exhibition spring training baseball game against the Oakland Athletics, Thursday, March 28, 2013, in San Francisco. (AP Photo/Ben Margot)

San Francisco Giants' Buster Posey (28) swings for an RBI single off Oakland Athletics' Tommy Milone in the third inning of an exhibition spring training baseball game Thursday, March 28, 2013, in San Francisco. (AP Photo/Ben Margot)

SAN FRANCISCO (AP) ? The San Francisco Giants have rewarded NL MVP and batting champion Buster Posey with a $167 million, nine-year contract.

Posey's deal, announced Friday by the reigning World Series champions, includes a club option for 2022 that could raise the value to $186 million over 10 years.

The agreement is the longest for a catcher and the largest in Giants history, surpassing Matt Cain's $127.5 million, six-year contract.

Posey had been due to make $8 million this year. He instead gets a $7 million signing bonus, with $5 million payable Oct. 15 and the remainder Jan. 15, and his 2013 salary is reduced to $3 million.

The agreement includes a full no-trade clause.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-03-29-BBN-Giants-Posey/id-ff2fef0012a54bc185998c5c7f1ce884

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