Report: Zito clears waivers, but trade unlikely

Report: Zito clears waivers, but trade unlikely
August 14, 2013, 2:45 pm
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Trading for Barry Zito would cost his new team around $12 million between the remainder of his 2013 salary and a buyout of his 2014 option. (USA TODAY IMAGES)

Barry Zito, in the final season of a seven-year, $126 million deal with the San Francisco Giants, has cleared waivers and is eligible to be traded.

Jon Heyman tweeted Wednesday morning that Zito 'doesn't seem like a trade candidate' despite clearing waivers.

CSN Giants Insider Andrew Baggarly weighed in on Zito's situation with the Giants in his weekly chat:

"I guarantee you the Giants have put Zito on waivers every year, and I guarantee you he's cleared them every time."

Zito, 35, is finishing up a contract that includes an $18 million vesting option for 2014 if he miraculously reaches 200 innings pitched this season. If Zito's option doesn't vest, the Giants would have to pay him a $7 million buyout.

Any team interested in acquiring Zito would also be respondible for completing payment on his $20 million salary for this season, which would be around $5 million.

Zito has gone 62-77 with a 4.57 ERA, 776 strikeouts and 491 walks over 1119.1 innings in his Giants career. This season, Zito has a 3.01 ERA at home, but a 9.50 ERA away from AT&T Park.