Devil Rays rookie Evan Longoria has received a $17.5 million, 6 yeaer contract after playing only 6 games in the majors. The deal contains options that could drive the contract up to a $44.5 million over 9 seasons. He was taken 3rd overall in the 2006 draft.
Longoria gets $500,000 this year, $550,000 in 2009, $950,000 in 2010 and $2 million in 2011, a salary that would increase to $2.5 million if he is eligible for salary arbitration that year. He receives $4.5 million in 2012 and $6 million in 2013. Tampa Bay has a $7.5-million option for 2014 with a $3-million buyout, with the buyout price increasing to $4-million if Longoria was eligible for arbitration in 2011. By November 2014, the Rays must decide whether to exercise an option calling for salaries of $11 million in 2015 and $11.5 million in 2016. His 2016 salary can rise to $14 million, depending on his finish in MVP voting. If Longoria's 2014 option is exercised, the 2015-16 option would carry a $1-million buyout.
Left-hander Scot Kazmir and centre-fielder B.J. Upton are two other players that the Rays have an interest in signing to multiyear deals.
Huge move for the penny-pinching Devil Rays. It's definitely risky to sign a player to such a long contract, let alone a player with little MLB experience. I've seen this kid play a bit, and this guy will probably be an all-star in due time assuming injuries don't get to him.