Diaz signing made official

Jenifer Langosch/MLB.com

Now almost a week after an agreement was reached, the Pirates have announced their two-year deal with outfielder Matt Diaz. It’s already been well-documented that Diaz will step into a platoon situation in right field, where he will start against left-handed pitchers and have the chance to increase his playing time if he can also produce against right-handers.

The full story on the signing and its implications can be found at this link.

Here is the breakdown of Diaz’s salary, which totals a guaranteed $4.25 million over the next two seasons.

  • Signing bonus: $250,000
  • 2011 base salary: $2 million
  • 2012 base salary: $2 million
  • Plate appearanceincentives: $25,000 for 300 plate appearances; another $25,000 for 325 plate appearances; another $25,000 for 350 plate appearances; another $25,000 for 375 plate appearances; another $25,000 for 400 plate appearances
  • Award incentives: $150,000 for MVP Award ($100,000 for second; $75,000 for third); $25,000 if World Series MVP; $25,000 if League Championship Series MVP; $25,000 if Division Series MVP; $25,000 for Gold Glove Award; $25,000 for All-Star appearance; $50,000 for Silver Slugger Award
  • Club cannot offer salary arbitration to Diaz after the 2012 season if he is a Type A free agent.

Follow me on Twitter: @LangoschMLB

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