Carlos Carrasco will have 22 million reasons to smile as he takes the mound tonight in Houston.
Yesterday, Carrasco and the Indians agreed to a four-year, $22 million extension that includes two option years. The pact also includes escalators that could push the total value to $48 million. With option pick-ups, the emerging star would remain under team control until 2020.
Just mere days into the season, the Indians have managed to fortify the top of the rotation for the foreseeable future. The are also laying claim that Carrasco’s breakout ’14 campaign was no mirage.
The financial breakdown is as follows (hat-tip to Jordan Bastian, who is better at this math stuff than I am):
Carrasco’s pact includes team options worth $9 million for 2019 and $9.5 million for ’20, and the pitcher can earn as much as $4 million in incentives in each of those seasons. If Cleveland elects not to pick up either option, Carrasco would receive a $662,500 buyout. He will earn $2,337,500 million in 2015, followed by $4.5 million in ’16, $6.5 million in ’17 and $8 million in ’18.
Maybe it isn’t “DOLANZ CHEEP” after all. In an era where owners and general managers spend nine figures worth of unconscionable amounts of funny money, the Indians have managed to pull off the seemingly impossible in the signings of Kluber and Carrasco for apparent bargain bin prices. They got two potential BMWs for my $500 ’85 Chevy Citation that I got when I was 17. That ain’t bad.
Following Kluber’s excellent start on Monday, it’s exciting to see what Carrasco has in store.