OK, it’s official.
The Mariners confirmed their agreement with third baseman Kyle Seager to seven-year contract Tuesday that buys out all three of his arbitration years and binds him to the club through the 2021 season.
No financial details were released, but sources confirm the deal is valued at $100 million with a club option for an eighth year (2022) that could boost its value by another $20 million.
“I am humbled and grateful for the opportunity that the Seattle Mariners have given me,” Seager said. “This is an amazing honor for me and my family to remain with such a great organization for the foreseeable future.”
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News of the deal first broke Nov. 24, but neither side confirmed the agreement because it was contingent on Seager passing a routine physical examination.
The Thanksgiving holiday delayed that physical until this week.
The Mariners are expected to confirm the signing of free-agent outfielder Nelson Cruz by the end of the week. He reached agreement Monday on a four-year deal for $58 million.
That deal is also contingent on Cruz passing a physical.
Seager’s contract calls for $4 million in 2015 with a $3.5 million signing bonus, $7.5 million in 2016 and $10.5 million in 2017 — what would have been his arbitration years — before escalating sharply.
His salary jumps to $18.5 million in 2018 and to $19 million in 2019 and 2020 before dipping to $18 million in 2021. The total value for those seven years: $100 million.
The Mariners hold an option for 2022 valued at $15-20 million with a buyout clause that could reach $3 million. If traded, Seager's 2022 contract becomes a player option. The package could max out at $120 million for eight years.
Not bad for a guy who made $540,100 in 2014.
Seager, 27, is coming off a breakthrough season in which he was selected to the All-Star team for the first time in his four-year career. He also won a Gold Glove for defensive excellence at third base.
“I think he’s motivated to be the best third baseman in the game,” manager Lloyd McClendon said. “I think he’s only going to get better.”
Seager was picked as the Mariners’ player of the year in 2012 and 2013, but he had his best season in 2014 — setting career highs in batting .268 and leading the club with 25 homers and 96 RBIs.
The Mariners selected Seager in the third round of the 2009 draft, and he reached the majors midway through the 2011 season.
“As one of our hometown players,” general manager Jack Zduriencik said, “it is nice to know that he will remain with us for at least seven more seasons.”
The two sides reached agreement shortly after former San Francisco third baseman Pablo Sandoval, a free agent, signed a five-year deal with Boston for $100 million.