Tuesday, January 2, 2007
Zito will make $10 million during '07 season
SAN FRANCISCO -- Pitcher Barry Zito will make a base salary
of $10 million from the San Francisco Giants in 2007, then receive
raises of $4 million in each of the next two seasons.
Zito, a star left-hander and former AL Cy Young Award winner,
agreed last week to a record $126 million, seven-year contract with
San Francisco -- the largest contract ever for a pitcher -- that also
includes an $18 million club option for 2014 with a $7 million
He is scheduled to be formally introduced by the Giants on
Wednesday morning, joining Barry Bonds as the face of the franchise
for next season. Zito will be the ace of an already talented
pitching staff, replacing Jason Schmidt after Schmidt joined the
rival Los Angeles Dodgers last month.
Zito, the 2002 AL Cy Young Award winner, spent his first seven
big league seasons across San Francisco Bay with the Oakland
Athletics. He has never missed a start in his career and hopes to
lead the Giants back into contention in the NL West after San
Francisco missed the playoffs for a third straight year last
The 28-year-old Zito, represented by superagent Scott Boras,
will make $14.5 million in 2008, $18.5 million each in '09, 2010
and 2011. In 2012, the sixth year of his contract, Zito will
receive $19 million and then $20 million the following season. He
has a full no-trade clause.
Zito's option will become guaranteed if he pitches 600 innings
between 2011 and 2013, 400 innings from 2012-2013 or 200 innings in
2013, with 180 innings pitched in 2011 or 2012. If his option
becomes guaranteed, Zito can void the contract and receive a $3.5
He also will earn a $500,000 bonus for winning the Cy Young
Award, $200,000 if he finishes second in the voting, $150,000 for
third place, $100,000 for fourth and $50,000 if he's fifth. If he
wins a second time, he would get a $750,000 bonus and $1 million if
he wins it a third time or more.
Other bonuses include $250,000 for MVP -- with $150,000 for
second place, $100,000 for third, $75,000 for fourth and $50,000
for fifth. If he were to be named World Series MVP, that would be
worth $200,000, while an NLCS MVP would get him $100,000. He earns
$100,000 for a Gold Glove and $100,000 for being an All-Star.
Zito also will stay in a suite for road trips.
Meanwhile, Bonds still hadn't scheduled a physical that must
take place for his new contract to become official. The 42-year-old
Bonds and the Giants agreed to terms on a $16 million, one-year
contract Dec. 7 on the last day of baseball's winter meetings that
will bring him back for a 15th season.
The sides were expected to begin negotiations this week on final
language in the deal, which could pay Bonds as much as $20 million
in 2007 as he resumes his chase of Hank Aaron's career home run
mark of 755. Bonds is 22 homers from passing Hammerin' Hank.<
AP Baseball Writer Ronald Blum in New York contributed to this