San Francisco signed their closer Brian Wilson to a 2-year, $15 million contract extension that will buy out his second and third years of arbitration eligibility. The deal, per the San Jose Mercury News' Andrew Baggarly, will pay Wilson $6.5 in 2011 and $8.5 million in 2012. He'll get $4.875 million this year sticking with the agreement he and the club reached at the end of January to avoid salary arbitration.
The contract extension buys out the next two years of Wilson's salary arbitration eligibility. Most players have only three years of eligibility, but because Wilson qualified as a Super 2 player, he'll be eligible for salary arbitration in the 2012-13 offseason after the conclusion of the extension.
Wilson had 38 saves last season, with a 2.79 ERA over 72.1 innings pitched. Limiting baserunners and striking out more than a batter per inning pitched made him one of the more effective closers in the National League in 2009.
The Biz of Baseball maintains detailed information about baseball's salary arbitration process. Our arbitration scorecard has a recap of cases since 2005 as well as links to more detailed data. For a historical perspective on salary arbitration, please click here. Our archive of articles on the process, including player signings and filings can be found here.
Joe Tetreault is a member of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey.
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