Rolen signs extension
The Reds and 3B Scott Rolen have restructured his contract and have extended him for two more guaranteed seasons. Rolen’s new contract will pay him $23.625 million through the 2012 season with a $5 million signing bonus that is deferred over the next three seasons without interest. He was originally expected to earn $11 million in 2010 but will now get $6 million in 2010, $6.5 million in 2011 and $6.5 million in 2012.
The move seems to provide the Reds more payroll flexibility for next season while giving the 34-year-old Rolen the extra two years of security.
Here are more contract details:
Rolen can earn the following bonuses:
$25,000 per All-Star selection
$50,000 for Gold Glove
$50,000 for Silver Slugger
$200,000 for MVP
$50,000 for Division Series MVP
$100,000 for LCS MVP
$150,000 for World Series MVP
The no-trade clause Rolen had from his old contract extends through the new one.
Rolen also gets access to a suite on the road.
Having Rolen for two extra years brings a few questions.
1. What happens with 3B prospect Juan Francisco? Does this mean Francisco is a left fielder of the future now? Could he be a trade chip?
2. Given Rolen’s age and injury history, is this a risky move adding on two more years? He will be 37 when the new contract ends.
Feel free to reflect and respond…
4:25 pm update: The Reds confirmed the signing.
“Scott’s signing is an indication of his feelings toward the club and the direction we’re taking,” Reds general manager Walt Jocketty said in a statement. “He wants to stay here, and hopefully he can end his career as a Red.”
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