Gallardo Signs Five-Year, $30.1M Extension With Brewers

[BAdkins1121]

8th April, 2010 - 1:44 pm
AP - Yovani Gallardo and the Milwaukee Brewers have agreed to a $30.1 million, five-year contract, a deal that could be worth $42.5 million over six seasons.

The agreement covers the right-handers arbitration-eligible years and the first season after he would have become eligible for free agency.

Gallardo receives a $1.25 million signing bonus: $500,000 payable when the contract is approved by Major League Baseball, $500,000 on July 15 and $500,000 on Nov. 15. He gets salaries of $500,000 this year, $3.25 million next season, $5.5 million in 2012, $7.75 million in 2013 and $11.25 million in 2014. Milwaukee holds a $13 million option for 2015 with a $600,000 buyout.

RealGM Note: Gallardo was ranked 57th in season FIC in 2009 and 'deserved' to make $12M, giving him a Reina Value of +2771%.

Read more: http://baseball.realgm.com/src_wiretap_archives/19565/20100408/gallardo_signs_five_year_$301m_extension_with_brew ers/#ixzz0kYbEXTG8

[MilwaukeeBaller]

Definitely deserved it. Good for him!!!

[TNA110990]

I'm kinda surprised they locked him up when he's only had like 2 years at the major league level. I mean it's a good deal if he continues to become the ace he's looking to become but it's a risky move.