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December 30, 2005
More on Millwood
Per the Startlegram’s Jim Reeves, Kevin Millwood’s contract:
2006: $6.0 million
2007: $7.5 million
2008: $8.5 million
2009: $11.0 million
2010: $12.0 million, which vests if Millwood pitched 540 innings during 2007-2009, or 360 innings during 2008-2009, or 180 innings in 2009. Texas has the option to keep him for $12.0 million even if he doesn’t reach those standards.
Millwood also receives a $15 million signing bonus paid over an “extended period.�
Cleveland did offer arbitration to Millwood, a "Type B" free agent, so Texas will forfeit a second-round draft pick next June. Texas won’t receive any extra picks since they declined to offer arbitration to their only rated free agent, Kenny Rogers.
Posted by Lucas at December 30, 2005 08:01 AM