One million dollars, to be exact, with the potential for another mill and a half if he reaches certain performance incentives. It could end up being money very well spent.
If he doesn’t work out – and it should be fairly obvious as he pitches in minor league rehab assignments – then all you’ve lost is a million bucks. If he works out, then you’ve spent no more than $2.5 million to stabilize your starting rotation in the season’s second half.
If he doesn’t work out, then he can be kicked to the curb with ease. One year deals (realistically a three month plus arrangement) offer no obligation to either party beyond the end of the season.
In this case, it’s only money.
**
Here is the official release:
Free agent right-hander Pedro Martinez has signed a major league contract with the Phillies, Senior Vice President & General Manager Ruben Amaro Jr. announced today.
Martinez will be placed on the 15-day disabled list with a mild right shoulder strain. It has not been determined when or where he will start a rehabilitation assignment.
Martinez, 37, is a three-time Cy Young Award winner (1997, 1999, 2000) and seven-time All-Star (1996-99, 2002, 2005-06). For his career, Martinez has a record of 214-99 (.684) with a 2.91 ERA in 467 games (400 starts) for the Los Angeles Dodgers (1992-93), Montreal Expos (1994-97), Boston Red Sox (1998-2004) and New York Mets (2005-08). Last year, he went 5-6 with a 5.61 ERA in 20 starts for the Mets and this past March he pitched for the Dominican Republic team in the World Baseball Classic.
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