Found March 29, 2013 on
Buster Posey is the San Francisco Giants' new franchise man.
The Giants rewarded NL MVP and batting champion with a $167 million, nine-year contract Friday, a deal that includes a club option for 2022 that could raise the value to $186 million over a decade.
The agreement is the longest for a catcher and the largest in Giants history, surpassing Matt Cain's $127.5 million, six-year contract signed before the start of last season.
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.
He will make $10.5 million in 2014, $16.5 million in 2015, $20 million in 2016 and $21.4 million in each of the following five seasons. The Giants' option is for $22 million with a $3 million buyout.
Posey's agreement includes a full no-trade clause.
The Giants captured their second championship in three years behind the play of the All-Star catcher, who won the NL batting title and MVP award after missing most of 2011 following season-ending left leg and ankle injury.
Posey batted .336 with 24 homers and 103 RBIs while playing 148 games for the NL West champions, including 111 starts at catcher and 29 at first base.
On May 25, 2011, Posey tore three ligaments in his left ankle and broke a bone in his lower leg in a devastating collision at the plate with Scott Cousins, then with the Marlins.
Nowadays, that is all in the past. Posey received his nice payday two days after celebrating his 26th birthday.
The 2010 NL Rookie of the Year is represented by the same agency that negotiated Cain's new deal last year, and both sides were eager to do something again this year to lock Posey up for the long-term in the San Francisco.
''We're extremely pleased to reach an agreement that keeps Buster in a Giants uniform for a long time,'' agent Jeff Berry of CAA Baseball 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.''
The contract includes the following bonuses: $100,000 for NL MVP, $100,000 for World Series MVP, $75,000 for NL championship series MVP, $50,000 for a Gold Glove, $50,000 for All-Star Game election, $25,000 for All-Star selection and $50,000 for a Silver Slugger.
In 2010, Posey wasn't even called up from Triple-A Fresno until late May but still batted .305 with 18 home runs and 67 RBIs in 108 games to help the Giants capture their first NL West crown since 2003.
San Francisco gave him $6.2 million when he signed in August 2008 as the fifth overall pick out of Florida State, the richest deal for an amateur joining the Giants.
AP Sports Writer Ronald Blum contributed to this report.
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Brian Sabean said he wanted Buster Posey to be a Giant for life, and that could very well be the case with the news that they have signed the reigning NL MVP to a massive deal.
San Francisco Giants fans can rejoice, Buster Posey will likely never wear another uniform again. The icon of the Giants signed a 9-year deal that will keep him in a San Francisco jersey until 2022.
The contract extension includes a full no-trade clause and can include incentives if Posey achieves certain accolades. It is an 8-year deal but could include a 9th year on a team option...
SAN FRANCISCO — The San Francisco Giants have rewarded NL MVP and batting champion Buster Posey with a nine-year, $167 million 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...
The San Francisco Giants and the 2012 NL MVP, Buster Posey just inked an eight year contract extension worth $167 million contract to continue to orchestrate behind the plate. The Giants gave the highest contract ever to their two-time World Series champ which also included a no-trade clause according to Jon Heyman of CBSSports.com. This contract is the longest in years...
It’s been a good Friday for a few Major League Baseball players.
Earlier, we reported that the Detriot Tigers and pitcher Justin Verlander agreed to $180-million contract, now the reigning World Series champions San Francisco Giants, have followed suit and locked up their best player Buster Posey to a long term contract according to the team’s beat reporter Andrew Baggarly.
After leading their teams to last year's World Series, Justin Verlander and Buster Posey cashed in just hours apart Friday.
The All-Star pitcher and MVP catcher were guaranteed nearly $350 million in contracts by the Tigers and Giants, a sure sign of the baseball times: Teams are awash with revenue from television and high-priced tickets.
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Credit: Steven Robles – SF Giants Rumors
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