At 1:30 P.M. the Padres will reportedly announce a six-year, $32 million contract with second baseman Jedd Gyorko. It also includes a 7th (option) year reportedly worth $13 million. Buster Olney was the first with the news, Ken Rosenthal with the option year, Chris Cotillo with the news on the option year value. It was a total team effort by baseball’s scribes.
Big announcement coming at 1:30 this afternoon. Stay tuned for details…
— San Diego Padres (@Padres) April 14, 2014
Sources: The Padres have agreed to terms with second baseman Jedd Gyorko on a multi-year extension. Will be announced today.
— Buster Olney (@Buster_ESPN) April 14, 2014
Gyorko deal with #Padres covers one pre-arb year, three arb years and one FA year. It also includes a club option for a seventh season.
— Ken Rosenthal (@Ken_Rosenthal) April 14, 2014
Source: Gyorko option for seventh year is worth $13M. #Padres
— Chris Cotillo (@ChrisCotillo) April 14, 2014
We’ll update this post when we know exactly how the contract breaks down (UPDATE: we have. It’s below.), but it averages $5.3M AAV (though it will surely be an escalating contract). We have long been proponents of extending Jedd Gyorko ASAP, and with the free agent market value around $5M per WAR (and will only inflate over the life of the deal), this appears to be the team-friendly deal we’ve been hoping for. In fact, our very own Padres Prospects projected/outlined a very similar deal last month, and is very likely a shaman.
Dan Szymborski shares what ZiPS has to say:
If Gyorko's contract starts this year, ZiPS recommends offer up to 6/39. If next year, up to 6/53.
— Dan Szymborski (@DSzymborski) April 14, 2014
1 PM edit: Jeff Passan has the contract breakdown.
Jedd Gyorko extension is five years, $35M starting next season. Breakdown: $2M, $4M, $6M, $9M, $13M with $1M buyout on $13M option for 2020.
— Jeff Passan (@JeffPassan) April 14, 2014
Today’s a good day to finally drink that iced coffee, Mr. Byrnes. You’ve earned it.