• Twins, Perkins Agree to Contract Extension

    by
    Seth Stohs
    Published on 03-08-2012 08:55 AM
    26 Comments Comments
    The Twins announced this morning that left-handed relief pitcher Glen Perkins had agreed to and signed a three year contract extension worth $10.3 million. The contract includes an option for 2016.

    UPDATE - According to Joe Christensen of the Star Tribune via Twitter, "#Twins will pay Perkins $2.5 million in 2013, and $3.75 m in both 2014 and 2015. Option (2016) is for $4.5 m with $300K buyout."

    In January, Perkins and the Twins avoided arbitration by agreeing to a $1.55 million contract for 2012. We do not yet have the breakdown for his annual salaries going forward, but an average annual salary of $3.43 million puts him in line with other top young bullpen arms.

    The contract essentially buys out his final year of arbitration and two years of free agency, with an option for a third year. The Minnesota native and former Minnesota Gopher will continue to pitch in key roles for the Twins through at least the 2015 season.

    Remember just one year ago today, most Twins fans would have been happy if the Twins had just released Perkins rather than offer him arbitration. However, the Twins insisted that his move to the bullpen would be fruitful, that the ball was 'really coming out of his hand well.'

    Perkins responded very well, posting an ERA of 2.48 and a WHIP of 1.23. In 61.2 innings, he walked 21 and struck out 65.

    The Twins haven't had the best of luck with long-term deals of late, but this one makes a lot of sense.

    What do you think of the deal and the Twins signing a long-term deal with one of its top bullpen arms?

    This article was originally published in blog: Twins, Perkins Agree to Contract Extension started by Seth Stohs
    Comments 26 Comments
    1. oprahchapelle's Avatar
      oprahchapelle - 03-08-2012, 12:13 PM
      How did the b game go yesterday
    1. John Bonnes's Avatar
      John Bonnes - 03-08-2012, 12:43 PM
      Just so I'm clear, you'll have trouble finding anyone that has been more consistently vocal about how terrible that Capps contract is than I. I started criticizing it a week before it happened. I got worked up enough about it that Gleeman actually looked supportive by comparison. I've compared it to a friend's soul-sucking ex-girlfriend. I criticized it when they traded for him, when they gave him a contract this year and again this year.

      But having Capps and identifying him as closer, as opposed to not having Capps and having Perkins identified as the closer, allowed this contract to happen and happen a lot cheaper than it would have otherwise. And best of all, the organization now has all the incentive it needs to swap the roles, as they have Perkins under contract at a discount for four to five more years.

      Now Glen just has to do the job.
    1. Dilligaf69's Avatar
      Dilligaf69 - 03-08-2012, 01:25 PM
      Why not....this is a good deal...if he stays healthy and continues to improve it's a steal!
    1. danoo's Avatar
      danoo - 03-08-2012, 05:13 PM
      its a good deal for both sides and im happy that the Twins singed there best ballpen pitcher to a long term contract
    1. Jack Torse's Avatar
      Jack Torse - 03-08-2012, 06:32 PM
      I'm not so sure about this one. That's a big commitment to a guy who has only put together only one solid, injury free season. Especially when he was pretty average in August and September last year. This potentially is much worse than the Capps deal.
    1. Cody Christie's Avatar
      Cody Christie - 03-08-2012, 10:31 PM
      I'm a fan of the deal. If it works out in favor of the Twins, they could have a great deal in the later years of the contract. I hope it works out in favor of the club and the Perkins from last year will show up for the foreseeable future.
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