UPDATE #2: Oh man, is Liriano's new contract complicated. No wonder it took so long to work out.
As stated below, Liriano is guaranteed just $1 million for the 2013 season. That number can jump all the way up to $4.75 million, however, if he does not spend time on the DL for his broken arm, reports Bill Brink of the Pittsburgh Post-Gazette.
Depending on what happens innings-wise during the coming season, Liriano's vesting option for 2014 can come in at either $5 million, $6 million, or $8 million, per Jon Heyman of CBS Sports. If the option vests at one of the lower numbers, Liriano can still work his way up to the $8 million salary by hitting certain milestones during the season.
UPDATE 2/8 8:00 a.m. ET: Though Liriano can make up to $12.75 million over his two years with the Bucs, just one year and $1 million of that money is guaranteed, according to Tom Singer of MLB.com:
That bathroom fall cost Liriano quite a sum: Per sources, his deal guaranteed for $1M (from original $12.75M) with $11.75M in option/bonuses— Tom Singer (@Tom_Singer) February 9, 2013
Original: After a month of back and forth about whether or not their agreement would go through, the Pittsburgh Pirates and Francisco Liriano have officially come to terms on a re-negotiated two-year, $12.75 million contract as the left-hander has finally passed a team physical, reports Ken Rosenthal of FOX Sports:
Liriano passed physical. Deal with #Pirates finally official.— Ken Rosenthal (@Ken_Rosenthal) February 8, 2013
Liriano originally agreed to a contract with the Bucs right before Christmas, but an accident at his home over the holidays led to a fracture in non-throwing arm that temporarily put the brakes on his new contract.
A month after the incident it was reported that the two sides had come to a new agreement that included terms protecting the Pirates in the case that his arm caused problems during the season, but that too ended up being premature. The Bucs had indeed come to new terms with Liriano, but only if he was able to pass physical, which -- at long last -- he has.
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The 29-year-old can still earn the original $12.75 million he agreed to, but his first-year salary will be reduced if he goes on the disabled list at any time for an injury related to his broken right arm. The same criteria applies in the second year of the contract as well.
With Liriano now in the mix, the Bucs now boast a starting rotation of A.J. Burnett, Wandy Rodriguez, Liriano, James McDonald, and Jeff Karstens. If Jonathan Sanchez can ever find the strike zone again and/or Charlie Morton can stay healthy, the Bucs will have a solid sixth starter as well to hold things together until their bevy of pitching prospects are ready for the show.