By Joe Christensen
Livan Hernandez will need to pitch 160 innings to earn more than $5 million from the Twins this year, and the value of his new contract won’t reach $7 million unless he pitches 230 innings.
On Tuesday, Hernandez signed a one-year, $5 million contract with up to $2 million in incentives. The Star Tribune obtained a copy, and here’s a closer look:
Base salary: $3,500,000
Signing bonus: $1,500,000
160 innings pitched: $133,334
200: $133,333 (Note: That’s $6.2 million if he reaches the 200-inning mark.)
The contract includes a fairly standard awards package: $25,000 an for All-Star selection, $100,000 for World Series MVP honors, $50,000 for LCS MVP honors, $100,000 for the Cy Young Award, $50,000 for a Gold Glove.
It also stipulates that the Twins will not offer Hernandez arbitration if he becomes a Type A free agent. When teams offer Type A free agents arbitration, the next team that signs the player must surrender a first-round draft pick to the team that lost him. This can harm a players free agent value.
The Twins will receive an extra first-round pick from the Angels this year for losing Torii Hunter, a Type A free agent. Hernandez was a Type B free agent this year. By signing him, the Twins didn’t lose anything, but the team that last had Hernandez, Arizona, receives an additional draft pick.