Sunday, August 1, 2010

Myers extension is official

The Chronicle's Sam Khan confirmed with Ed Wade that the Astros have reached an agreement with Brett Myers - but terms are not yet known.

Update: Brian McTaggart tweets that Myers' extension is for two years, plus a vesting option for 2013. Total value (with option + incentives): Approaching $29.5 million. No word on year-by-year breakdown, but we'll have it as soon as we know.

Further update: Ed Price says the two guaranteed years are for $21m.

Better update: Brian McTaggart posted the details of Myers' extension:
2011: $7m
2012: $11m
2013: $10m (club/vesting option)*

*Myers will receive a $3m buyout if the option doesn't vest, and he'll also immediately receive a $2m signing bonus to replace the $2m buyout at the end of 2010.

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