Giants lock up Posey with eight-year extension

Baggarly: 'A great day for the Giants, a great day for Buster Posey'

Giants lock up Posey with eight-year extension
March 29, 2013, 11:45 am
Share This Post

Buster Posey's reported nine-year, $167 million contract is the biggest ever signed by a San Francisco Giant. (USA TODAY IMAGES)

Programming note: Buster Posey will join Bruce Bochy, Brian Sabean and Larry Baer to announce the new contract in a press conference scheduled for 5:20 p.m. PT tonight. Watch it streaming live here.

The mega-deal was reached Friday, and it casts Buster Posey in Orange and Black for the next nine seasons.

Posey's new contract is reportedly worth $167 million. His standing one-year, $8 million contract for 2013 was re-worked into a $7 million signing bonus and 2013 salary of $3 million. Going forward, Posey is due $12.5 million in '14, $16.5 million in '15, $20 million in '16 and $21.4 million for each of the next five years.

The longest MLB contract ever offered to a catcher includes a full no-trade clause and a club option for 2022 worth $22 million with a $3 million buyout. If picked up, it would raise the total value of Posey's contract to $189 million and leave him as a 36-year-old free agent in 2023.

"The success of our franchise depends on developing and retaining homegrown talent like Buster Posey," said President and Chief Executive Officer, Larry Baer. "Buster’s work ethic, leadership skills and extraordinary talent represent all that is great about our game and what it means to be a San Francisco Giant. I want to commend Brian Sabean, Bobby Evans, Buster and his representatives for their hard work to keep Buster in a Giants uniform for an extended period of time. This is an exciting day for Giants fans everywhere and a fantastic way to kick off the 2013 season."

“This is a great day for Buster, for the Giants and for our fans everywhere,” said Sabean. “Buster is an integral part of the team and his leadership and ability to produce offensively and play solid defense behind the plate makes him one of the most valuable and exciting players in either league. I have no doubt Buster will achieve continued success for the Giants in the coming years and beyond.”

[RELATED: Buster Posey by the numbers]

No one in the history of baseball has begun their career as Posey has. In four MLB seasons, the 26-year old has already tied distinguished personal accolades with world championships two times. Posey hit .305 with 18 home runs in 108 games in 2010, earning Rookie of the Year honors and ushering the Giants to their first World Series title since moving west to San Francisco.

Two years later, in his first truly full season in the majors, Posey led the league batting at a .336 clip. His 24 home runs and 103 RBI earned him NL MVP honors and his Game 4 home run in Detroit helped the Giants sweep the Tigers for their second World Series title in three years.

What makes his first four professional years even more impressive occurred on May 25, 2011. Marlins outfielder Scott Cousins initiated a homeplate collision that pinned Posey's left leg under him, fracturing his fibula and tearing his ankle ligaments. Without Posey, the Giants failed to reach the playoffs

Amidst speculation that he was better off at first base, Posey returned to play 112 of his career-high 148 games in 2012 at the catcher position. His trophy shelf was bolstered in 2012 with the Silver Slugger Award, the NL Hank Aaron Award, the NL Comeback Player of the Year Award and the Willie Mac Award.

More Team Talk