Michael Sanserino of the PG reported late last night that the Pirates and Andrew McCutchen have agreed to a 6-year extension worth $51.5 million with a club option for a 7th year worth $14.75 million.
Last week I wrote about how this deal needed to get done when we learned McCutchen’s people wanted something in the $50 million range while the Pirates were looking around $40 million.
The deal means that instead of becoming a free agent after the 2015 season, the Pirates will be able to keep McCutchen through the 2018 season if they pick up his option.
The Pirates really deserve some kudos for this move as it is something that really needed to be done. Though deals like this can turn out to be very, very team friendly contracts, there is still significant risk taken by signing a player long-term like this. And to see them finally take that risk is pretty nice.
#Pirates pay McCutchen 2012: $500k, 13:$4.5m, 14: $7.25m, 15: $10m, 16: $13m, 17: $14m. Option$14.75 or $1m buyout
— Rob Biertempfel (@BiertempfelTrib) March 5, 2012