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Bedard signing official: One year, plus mutual option for 2011
Posted by Larry Stone
Good thing I didn't sleep in as late as I usually do on Saturday morning. The Mariners announced officially this morning (at 8:08 a.m.) that Erik Bedard has signed a one-year contract for 2010. There is a little added twist -- a mutual option on a 2011 contract.
I'm hearing that the deal is for a $1.5-million base salary for 2010, as has been reported, and can bring his salary as high as $8.5 million if he hits all his incentives. The 2011 option begins at $8 million, but could rise with escalator clauses based on 2010 performance.
"We think Erik is an important piece for us to add," GM Jack Zduriencik said in the press release.. "We're confident he'll be ready to pitch major league games this season. We've carefully monitored his recovery from surgery and his rehabilitation process and are confident he'll be a contributor to our 2010 campaign. We are looking forward to him returning and being a part of this organization as we move forward."
And this quote from Bedard is in the release:
"My first choice was to return to Seattle, so I'm very happy to get this done," Bedard said. "I like the moves the team made this winter, and I'm looking forward to when I can get back on the mound and help them this year.''
To make room on the 40-man roster, right-handed pitcher Yusmeiro Petit was designated for assignment. The M's have 10 days to trade, release or outright Petit, who was obtained from the Diamondbacks via a waiver claim on Nov. 4.
UPDATE - 8:02 AM
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