Jose Bautista, Jays Finalize 5-Year Deal

Filed under: Blue Jays, MLB Transactions

Jose Bautista and the Blue Jays finalized a five-year, $65 million contract extension Thursday.

The reigning home run champion will make $8 million in 2011 and $14 million each year from 2012-15. The Jays have a $14 million option for 2016 that can be bought out for $1 million.

Bautista had been scheduled for an arbitration hearing Monday but that proceeding was put on hold as the two sides hammered out a multiyear deal. He had asked for $10.5 million for this season and the Jays had offered $7.6 million, so the team won the battle for this season but Bautista certainly is the long-term beneficiary.

 

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Source: http://mlb.fanhouse.com/2011/02/17/jose-bautista-jays-finalize-5-year-deal/

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