Texas Rangers, Harrison agree to 5-year, $55 million extension

Posted Wednesday, Jan. 16, 2013  comments  Print Reprints
A

Have more to add? News tip? Tell us

Matt Harrison could be calling Rangers Ballpark his home through 2018, and the Texas Rangers have locked up 80 percent of their starting rotation through at least 2016.

Harrison and the Rangers agreed to a five-year deal worth $55 million Wednesday with a club option that can become a vesting option if he meets an innings thresholds.

The deal wipes out Harrison's final two years as an arbitration-eligible player and his first three free-agent years. He had filed for arbitration Tuesday after making $3.2 million in 2012.

The Rangers had no comment. Harrison, who passed his physical Wednesday night, also declined comment. There will be an afternoon news conference today to announce the deal.

Harrison went 18-11 with a 3.29 ERA in 213 1/3 innings in 2012, and was a first-time All-Star. The wins, ERA and innings were career-highs in a year that served as an encore to a breakthrough 2011 season in which he went 14-9 with a 3.39 ERA.

His deal includes a $1 million signing bonus and will pay him annual salaries of $5 million in 2013, $8 million in 2014, and $13 million in 2015, 2016 and 2017.

The club holds the option for 2018, with a $2 million buyout, but it can vest if Harrison pitches 200 innings in each of the final three years. Escalator clauses can lift the value of the option to $15.75 million.

The Rangers now have four starting pitchers all currently 29 years old or younger who will be under contract during the prime years of their career.

Yu Darvish, 26, has five years left on his contract; Derek Holland, 26, has four years and two club options remaining; and Alexi Ogando, 29, is under club control for four more seasons.

The 27-year-old Harrison, part of the Mark Teixeira trade in 2007, could outlast them all and at a far more affordable rate than other older starting pitchers.

Including Harrison's deal, the highest annual salary among the four Rangers starters is $13 million.

That's $250,000 less than Boston will pay 35-year-old Ryan Dempster the next two seasons, and $3 million to $7 million less than C.J. Wilson will get from ages 33, 34 and 35 from Anaheim in 2014 to 2016.

Jeff Wilson, 817-390-7760

Twitter: @JeffWilson_FWST

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Our policy requires those wishing to post here to use their real identity.

Our commenting policy | Facebook commenting FAQ | Why Facebook?





Friday, August 22Full Scoreboard
Baltimore1Final | Box
Chicago Cubs «4
Houston1Bottom 7th | Box
Cleveland1@theBallpark | TV: CSN-HOU, STO
Chicago WSox3Bottom 6th | Box
NY Yankees3@theBallpark | TV: CSN-CHI, MY9
St. Louis4Top 7th | Box
Philadelphia5@theBallpark | TV: FSN-MW, NBC 10
San Francisco4Bottom 7th | Box
Washington2@theBallpark | TV: MLB Net, CSN-BA, MASN
Tampa Bay7Top 7th | Box
Toronto0@theBallpark | TV: Sun Sports, SNET
Seattle0Bottom 6th | Box
Boston0@theBallpark | TV: ROOT-NW, NESN
Atlanta1Top 7th | Box
Cincinnati0@theBallpark | TV: MLB Net, FSN-S, FSN-OH
Kansas City4Bottom 4th | Box
Texas1@theBallpark | TV: FSN-KC, TXA-21
Pittsburgh4Top 4th | Box
Milwaukee2@theBallpark | TV: ROOT-PIT, FSN-WI
Detroit1Bottom 3rd | Box
Minnesota6@theBallpark | TV: FSN-DET, FSN-N
Miami2Bottom 2nd | Box
Colorado0@theBallpark | TV: FSN-FL, ROOT-RM
San Diego 8/22 9:40 PM ET
Arizona TV: FSN-SD, FSN-AZ
LA Angels 8/22 10:05 PM ET
Oakland TV: FSN-W, CSN-CA
NY Mets 8/22 10:10 PM ET
Los Angeles TV: SNY, SportsNet LA
Full Scoreboard
Friday, August 22Full Scoreboard
No games today
Full Scoreboard
Week 4Full Scoreboard
Thursday
Pittsburgh21Final | Box
Philadelphia «31
Friday
Jacksonville63rd Qtr 13:38 | Box
Detroit7TV: WXYZ7
Carolina03rd Qtr 12:19 | Box
New England13TV: Panthers TV, WBZ
NY Giants7 Half Time | Box
NY Jets10TV: CBS 2
Oakland72nd Qtr 7:41 | Box
Green Bay14TV: CBS
Chicago 10:00 PM ET
Seattle TV: NFL Net, FOX32, Q13FOX
Saturday
Tampa Bay 4:30 PM ET
Buffalo TV: NFL Network, WFLA
Tennessee 7:00 PM ET
Atlanta TV: WKRN, CW69
Dallas 7:00 PM ET
Miami TV: KTVT, CBS11, CBS4
Washington 7:30 PM ET
Baltimore TV: NBC4, CSN-DC, WBAL
St. Louis 8:00 PM ET
Cleveland TV: WKYC
New Orleans 8:00 PM ET
Indianapolis TV: CBS
Minnesota 8:00 PM ET
Kansas City TV: KARE 11, KCTV
Houston 9:00 PM ET
Denver TV: KTRK, KUSA
Sunday
San Diego 4:00 PM ET
San Francisco TV: FOX
Cincinnati 8:00 PM ET
Arizona TV: NBC
Full Scoreboard
Friday, August 22Full Scoreboard
No games today
Full Scoreboard