The Minnesota Twins have signed closer Glen Perkins to a four-year, $22.175MM extension that includes a $6.5MM team option for a fifth season, according to an announcement from the team. MLB.com's Rhett Bollinger provides a year-by-year breakdown of the slightly backloaded contract:
Perkins will make $4.025 million this year, $4.65M next year, $6.3M in '16 and $6.5M in '17. Also includes $6.5 million club option for '18.— Rhett Bollinger (@RhettBollinger) March 14, 2014
According to Mike Berardino of the St. Paul Pioneer Press, Perkins' deal includes a $700K buyout for 2018 and a no-trade clause that allows him to block trades to three teams of his choosing. The St. Paul native was slated to become a free agent after the 2015 season, but instead decided to add two years of control for his hometown team.
Perkins, 31, had the best season of his eight-year major league career with the Twins last season, pitching to a 2.30 ERA with 36 saves while being named to the AL All-Star team for the first time in his career. In 276 appearances (232 in relief) in the majors, he has posted a lifetime 28-17 record and 3.89 ERA, and has had a sub-3.00 ERA in each of the last three seasons after shifting full-time to the bullpen in 2011.
Today's deal is the second extension that the two sides have swung during spring training in the last three years. Perkins signed his last deal, a three-year contract worth $10.3MM in guaranteed money, in March of 2012.