The Chicago White Sox on Saturday announced they have agreed to terms on one-year contracts with closer Bobby Jenks and outfielder Carlos Quentin.
According to a news release from the team, Jenks' deal is worth $7.5 million, while Quentin got a $3.2 million contract. The deals also allow the Sox to avoid arbitration with both players.
The White Sox signed Gavin Floyd to a four year, $15.5 million contract extension (2009-2012). Club option for 2013 could make it a $25 million deal. This deal covers his final year of near minimum, three years of arbitration eligibility, and the option potentially buys out a year of free agency. Floyd will earn $750,000 in 2009, $2.75 million in 2010, $5 million in 2011 and $7 million in 2012. The option for 2013 is worth $9.5 million.
Apparently John Danks turned down the same offer and Carlos Quentin was also approached regarding an extension but declined. According to Joe Cowley, Bobby Jenks has not been approached as of yet. He quotes KW as saying players will be approached in stages as they become eligible for arbitration. Reading between the lines, it seems the White Sox aren't too interested in giving Bobby one considering he's already been arbitration eligible once. More details as they arrive - larry
I believe the $5.6MM is a record for a first-year-eligible reliever, breaking Gagne's previous mark of $5MM. K-Rod and Gagne are Jenks closest comps in their first 3 sesaons, with those players earning $3.75/7/10 and $5/8/10, respectively, in their arb years.