AP reports the Toronto Blue Jays have signed outfielder/designated hitter Adam Lind to a four year contract that includes three additional, club controlled option years. The guaranteed value of the contract is $18 million, but should Toronto exercise each option Lind would receive a total of $38.5 million over the seven year contract.
MLBlogger Jordan Bastian tweeted the details of the deal, which are as follows: Lind receives a bonus of $600,000 for 2010 in addition to his 2010 salary of $400,000. Between 2011 and 2013, Lind will get $5 million each year. The club option for 2014 would pay him $7 million. Should Toronto decline, they would pay a buyout of $2 million. The club option for 2015 is structured similarly, $7.5 million in salary if exercised, or a $1 million buyout, as is 2016, where the salary portion grows to $8 million and the buyout is halved.
The deal allows the club to retain Lind at a controlled salary during Lind's arbitration years. He would have been eligible for salary arbitration following the 2010 season, having just missed the Super Two cutoff following the 2009 season. Toronto has plenty of money concerns, due to the enormous contract of centerfielder Vernon Wells. Wells signed a seven-year extension worth $126 million after the 2006 season that covered 2008-2014. The total value remaining on Wells' contract is $98.5 million over the next five seasons.
Lind enjoyed a breakout season at age 25 in 2009. After successive disappointing campaigns in 2007 and 2008, he found his groove and posted a batting line of .305/.370/.562 in 654 plate appearances. His 35 homeruns were second on the club behind second baseman Aaron Hill's 36. Lind primarily DH'd for the Blue Jays last year, but can play left field in a pinch.
Joe Tetreault is Managing Editor 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. He can be contacted here through The Biz of Baseball
Follow The Biz of Baseball on Twitter
Follow the Business of Sports Network on Facebook