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MLB: Burnett guaranteed $22.5M over 2 years by Phillies

Published February 16, 2014 7:19 pm

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Clearwater, Fla. • A.J. Burnett and the Philadelphia Phillies have completed a contract that guarantees the pitcher $15 million for 2014 and $22.5 million over two seasons.

Under the deal finalized Sunday, Burnett would make $33.5 million over two seasons if he makes 30 starts or more in both years.

Burnett revived his career with Pittsburgh the last two seasons, pitching to a 3.31 ERA and winning 26 games.

He gets a $7.5 million signing bonus, of which $1 million is payable Dec. 15, $2.75 million next Jan. 15 and $3.75 million on June 30, 2015.

The 37-year-old right-hander has a $7.5 million salary this season, and the contract includes a $15 million option for 2015 with a $1 million buyout. Burnett would receive the buyout only if either party declines and he fails to make 30 starts this year.

If the mutual option isn't exercised, Burnett would have a $7.5 million player option for 2015. The option price would increase to $8.5 million with 24 starts this year, $10 million with 27, $11.75 million with 30 and $12.75 million with 32.

He can earn an additional $1.75 million annually in performance bonuses: $500,000 each for 24 and 27 starts, and $750,000 for 30.