The deal was rumored earlier today when Buster Olney reported that the Giants appeared to be the frontrunner and a 3-year, $24 million deal was in the works. While the final agreement is slightly lower, it still represents not-a-small-amount for a 37 year-old player that probably played his best ball ever over the past season.
Quoting our earlier report:
Three years and $24 million is quite the large offer for a player that was hitting .271/.324/.361 over 377 at-bats last season. After accruing these underwhelming totals for the Colorado Rockies last summer, Scutaro was traded to the Giants.
Scutaro was a new player once he reached San Francisco, hitting .362/.385/.473 with 16 doubles, one triple and three home runs over 243 at-bats.
The Giants have now committed $78 million combined to Scutaro (3 years, $20M), Angel Pagan (4 years, $40M), and Jeremy Affledt (3 years, $18M) and in doing so keep their World Series-winning club mostly together for at least one more run.
Until today's rumored deal surfaced, the St. Louis Cardinals and New York Yankees were reportedly interested in Scutaro, according to Jon Paul Morosi.