Zito agrees to huge deal with Giants
12/28/2006 8:30 PM ET
Zito agrees to huge deal with Giants
Lefty lands largest contract for pitcher in Major League history
By Rich Draper / MLB.com
Barry Zito's seven-year contract is the richest in history for a Major League
pitcher. (Otto Greule Jr/Getty Images)
SAN FRANCISCO -- There's a new Barry in town.
He's Barry Zito, one of baseball's premier left-handed pitchers and the San
Francisco Giants' new franchise face for the next seven years, thanks to a
budget-busting $126 million contract reported on Thursday and calculated to
zoom the team back into playoff contention.
Zito is scheduled to have a physical on Friday morning, and the Giants plan to
announce their agreement with the three-time All-Star later in the day.
"He brings a lot to the table," said a Giants source who asked not to be named
because the deal had not been officially announced. "He's a left-hander -- a
rare commodity at the top of the rotation -- and has a record as a strong
pitcher with a lot of charisma. He's articulate, intelligent, a nice person
that the fans are going to like and his leadership characteristics are unusual
."
The signing of Zito rekindles memories of 1992, when a lithe, electrifying
strongman named Barry Bonds joined the Giants and became the most feared
player in baseball.
"Bonds is a difference-maker, and Zito is, too," said the team source. "He's
coming to us in the prime of career -- not a great player with the best years
behind him. We think he could get better."
Zito's agreement, reached late Wednesday night, includes an $18 million option
for 2014 with a $7 million buyout that could increase the value to $137
million. The option would become guaranteed if Zito pitches 200 innings in
2013, 400 combined over 2012 and 2013 or 600 combined from 2011-13.
Zito's deal ties for the sixth largest overall, matching the $126 million,
seven-year extension agreed to this month by Toronto and center fielder Vernon
Wells. Previously, the largest contract for a pitcher was Mike Hampton's
eight-year, $121 million deal with the Colorado Rockies before the 2001
season.
Only Alex Rodriguez ($252 million), Derek Jeter ($189 million), Manny Ramirez
($160 million), Todd Helton ($141.5 million) and Alfonso Soriano
($136 million) have contracts with more guaranteed money.
Ironically, all three pitchers to sign $100 million deals -- Zito, Hampton and
Kevin Brown -- signed with NL West teams. Brown became baseball's first $100
million man when he signed with the Dodgers prior to 1999.
Zito's is the 14th $100 million deal in baseball history and the fourth of the
offseason following agreements by Soriano (Cubs), Wells and Carlos Lee ($100
million with Houston).
The 28-year-old Zito, who has starred for the Oakland A's the past seven
seasons, was the most highly prized free agent hurler, being wooed by the New
York Mets, Seattle Mariners and Texas Rangers, but the longtime San Francisco
resident decided to stay home, literally.
The free-agent pitching market was shocking, with even mid-level veterans
garnering top dollars -- Jeff Suppan earned a four-year, $42 million deal --
but the Giants decided that signing Zito through 2013 was a worthwhile gamble.
The team source indicated the Giants wouldn't have gone over the expected $85
million budget except for a player of Zito's stature. The club's 2007 payroll
now zooms to around $95 million.
The 2002 AL Cy Young Award winner, Zito has been among the most durable
pitchers in the Majors, making 34 or more starts while pitching in 210 or more
innings in six straight seasons. He has never missed a start. Unlike former
Giants ace Jason Schmidt, he hasn't been dogged each year by aches, pains and
skipped assignments.
As part of his agreement with the Giants, Zito will fund the construction of
youth fields in the San Francisco area through his foundation.
To lure Zito, the Giants edged out a handful of other candidates. The Mets
capped their offer at five years and $75 million, and the Rangers offered Zito
a six-year, $84 million contract. They also added a vesting option for $15
million for a seventh year with a $4 million buyout. The option would have
kicked in if Zito pitched 200 innings in the sixth year of the contract.
"I enjoyed getting to know Barry," said Rangers owner Tom Hicks. "I think
highly of him as a player and as a person. I wish him well with his new team.
I am glad he is not pitching with one of our division opponents. I am
comfortable that we made a very strong offer."
The southpaw will be of enormous assistance to a young Giants rotation that
features righty Matt Cain and left-handers Noah Lowry and perhaps Jonathan
Sanchez.
San Francisco was in dire need of a veteran starter after long-time ace Jason
Schmidt signed with the archrival Los Angeles Dodgers.
Giants general manager Brian Sabean said that every team inquiring about
trades wanted some of San Francisco's young arms, and Zito's signing keeps
that youthful corps intact.
Rich Draper is a reporter for MLB.com. Information from The Associated Press
was used in this report. This story was not subject to the approval of Major
League Baseball or its clubs.
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