Tribe signs Pavano
Looking to bolster their starting rotation depth, the Indians are taking a chance on Carl Pavano.
Pavano and the Indians have agreed to a one-year Major League deal that was to be announced Tuesday afternoon. The deal does not include an option. Financial terms were not immediately available.
Pavano, who turns 33 Thursday, is coming off a disappointing, injury-plagued four-year stint with the Yankees. With New York in 2008, he appeared in seven games and was 4-2 with a 5.77 ERA in 34 1/3 innings.
Over the course of his four-year, $40 million deal with the Yanks, Pavano appeared in just 26 games. He threw 145 2/3 innings over a four-year span. He missed all of 2006 because of injury. He broke in with the Montreal Expos in 1998.
The Indians will have to remove a player from their 40-man roster to make room for Pavano.
UPDATE (3:10 p.m. ET): 1B Michael Aubrey was designated for assignment to clear Pavano’s spot. No major surprise there.
UPDATE No. 2 (3:11 p.m.): You gotta love the influx of Italians on this roster, don’t you?
UPDATE No. 3 (3:41 p.m.): Got the terms. Pavano is guaranteed $1.5 million for ’09, with the chance to make another $5.3 million in performance-based incentives. About to jump on a conference call with Mark Shapiro. Look for the full story on Indians.com in a little bit.
UPDATE No. 4 (4 p.m.): Shapiro says Pavano is guaranteed a spot in the rotation, if he’s healthy.
UPDATE No. 5 (4:45 p.m.): The incentives don’t kick in until Pavano makes at least 18 starts.
UPDATE No. 6 (5:20 p.m.): If you’re incredibly curious about this contract, it breaks down as follows, according to a Major League source. Pavano gets $100,000 each for reaching 18, 20 and 22 starts, $200,000 each for reaching 24, 26 and 28 starts, $250,000 for 30 starts, $300,000 for 32 starts, $350,000 each for 33 and 34 starts and $400,000 for 35 starts.
He gets $100,000 each for reaching 130, 140 and 150 innings pitched, $150,000 each for 160 and 170 innings, $200,000 for 180, $250,000 for 190, $250,000 for 200, $300,000 for 215, $400,000 for 225 and $500,000 for 235.
So, basically, a very tolerable level of financial risk with this contract, if you ask me. If Pavano gets hurt or gets shelled, the Indians can cut bait midseason and stomach the $1.5 million investment.