SAN FRANCISCO – The Giants will not see the inside of an arbitration chamber in 2013 after agreeing to terms on a two-year contract with right-hander Sergio Romo – the last of their seven arbitration-eligible players who remained unsigned.
Terms weren’t immediately announced, but it’s expected Romo and the club settled in between the club’s $2.675 salary filing and the right-hander’s $4.5 million asking price, with a higher salary for 2014. Romo is eligible to be a free agent after the 2014 season.
Assuming Romo will earn something around $3.5 million, the Giants have over $135 million committed to their 17 players under contract. Others with fewer than three years of service time, such as Brandon Crawford, Brandon Belt, Hector Sanchez and George Kontos, would receive modest salaries over the major league minimum of $490,000.
So all told, the Giants’ payroll should approach $140 million.
Already a key member of the bullpen and one of the league’s most effective right-handed setup men, Romo added to his repertoire last season and actually proved even more lethal against left-handers while holding them to a .167 average. (Right-handers hit .192.) With newfound confidence in his two-seam fastball, Romo convinced Giants manager Bruce Bochy to make him the primary closer down the stretch; he threw one of those 89 mph two-seamers to freeze the Tigers’ Miguel Cabrera and clinch the Giants’ second World Series title in three seasons.
Romo was unscored upon in nine of 10 outings in this past postseason.
Romo owns sparkling ERAs of 1.50 and 1.73 in each of the last two seasons while combining for a 0.78 WHIP over 103 1/3 innings. He has struck out 133 against just 15 walks (two intentional) over that span.
Earlier in the week, officials in Clark County, Nevada, announced that Romo would not face criminal charges stemming from an incident at McCarran Airport in Las Vegas on New Years' Day when the right-hander was handcuffed following a verbal altercation with the Transportation Security Administration officer. Romo was cited for violating airport rules and released, then made a statement through the Giants in which he apologized for his conduct.