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  • Twins, Perkins Agree to Contract Extension

    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. kirbyelway's Avatar
      kirbyelway -
      Way to be pro-active on our best bullpen option
    1. jlovren's Avatar
      jlovren -
      Agreed. Best part? sensible contract that won't hinder us from other signings moving forward.
    1. John Bonnes's Avatar
      John Bonnes -
      This is right in line with a ton of moves that the Twins have made and it's something they do well. Getting relievers in for spring training and getting them long-term deals. They've done it with Nathan, Crain, Rincon, and several others.

      But what is really brilliant is that they do it BEFORE they end up committing to a role for a guy. I will be surprised if, by the end of this contract, Perkins isn't closing for pennies on the dollar for what a free agent closer would cost.

      This is the silver lining of the Capps deal.
    1. spoofbonser's Avatar
      spoofbonser -
      i was trying to find some info on the Perkins situation with from two years ago and struck out. Can someone remind me what and when that all took place? I am referring to Perkins filing a case against the Twins based on his serivce time and arbitration eligibilty.
    1. FlsPrpht's Avatar
      FlsPrpht -
      Quote Originally Posted by John Bonnes View Post
      This is right in line with a ton of moves that the Twins have made and it's something they do well. Getting relievers in for spring training and getting them long-term deals. They've done it with Nathan, Crain, Rincon, and several others.

      But what is really brilliant is that they do it BEFORE they end up committing to a role for a guy. I will be surprised if, by the end of this contract, Perkins isn't closing for pennies on the dollar for what a free agent closer would cost.

      This is the silver lining of the Capps deal.

      Wait, so the silver lining is that we DON'T expect Capps to be able to succeed long enough in the closer role that we will instead turn to a different pitcher to close who has got to be better? That's reminds me of an old "Beavis and Butthead" episode where Butthead kept on smacking Beavis in the face because after the sting wore off, Beavis appreciated how much better he felt when compared to when he was being smacking in the face.

      I appreciate the attempt to stay positive about the Capps deal however.
    1. jimbo92107's Avatar
      jimbo92107 -
      Perkins has finally found his proper niche as a pitcher. One inning, really burn 'em in, throw that nasty slider, then walk away. This deal is good for everybody, including Matt Capps, who now has a backup at stopper.
    1. oprahchapelle's Avatar
      oprahchapelle -
      Quote Originally Posted by spoofbonser View Post
      i was trying to find some info on the Perkins situation with from two years ago and struck out. Can someone remind me what and when that all took place? I am referring to Perkins filing a case against the Twins based on his serivce time and arbitration eligibilty.
      Perkins spoke out against how the twins handled him. I seem to remember he thought they were trying to screw him on service time. It was something along those lines.
    1. Fanatic Jack's Avatar
      Fanatic Jack -
      Great move and classic BARGAIN PRICE signing by Ryan. Locking up LH Glen Perkins before he became a free agent and landed a huge contract. I don't believe last year was a fluke and Perkins might be the future closer if he can stay healthy. The team just needs somebody to step up and take over the 8th inning role. Maybe Jared Burton or they trade for somebody.
    1. Seth Stohs's Avatar
      Seth Stohs -
      Very nice article by Phil Mackey about Perkins' "Come-to-Jesus" moment one year ago. http://www.1500espn.com/sportswire/M...xtension030812
    1. PopRiveter's Avatar
      PopRiveter -
      Pretty sure John just means Perkins is signable for less today with Capps here than he would be today if he were the 2012 projected closer. John's identifying a silver lining. FlsPrpht is identifying the cloud within the lining. IMO, Capps seems like a high quality man whose pitching ceiling is "good to very good" ...and his floor is "real ugly." I'd probably like him a lot in Guerrier-type role. I don't feel like him closing. It is cool if his presence allowed the Twins to secure Perkins on a more team-friendly deal. That's an interesting angle.
    1. oprahchapelle's Avatar
      oprahchapelle -
      Gardy didn't like one of his players speaking out against the twins and was real heated with him
    1. jmlease1's Avatar
      jmlease1 -
      Reliable sources say there's an incentive structure in this contract if Perkins starts closing games. So it's not quite as beautiful as it could be. But this is a very good deal. I think of it with 2012 folded in, 4 years, $12M. Pretty good for a top-level set-up guy, a pitcher who could be a classic fireman. He's got closer potential, and even with a salary bump if he gets that role it's still going to be a value buy.
    1. oprahchapelle's Avatar
      oprahchapelle -
      Either way as the season go on perk throws more meat. 3 mil for 70 solid innings. With the rest of the bullpen the way it is he probably should have asked for more
    1. oprahchapelle's Avatar
      oprahchapelle -
      I don't see closer potential. He lacks a 2nd top pitch
    1. Thrylos's Avatar
      Thrylos -
      Quote Originally Posted by oprahchapelle View Post
      I don't see closer potential. He lacks a 2nd top pitch
      His slider is pretty darn spiffy good
    1. Thrylos's Avatar
      Thrylos -
      The annual figures of the contract and the option are out:


      2012: $1.55 million
      2013: $2.5 million
      2014: $3.75 million
      2015: $3.75 million
      2016 (option) : $4.5 million with $300K buyout

      no word for incentives yet. Compared to Capps' this is a crazy good contract for the Twins
    1. Gernzy's Avatar
      Gernzy -
      Great deal for both sides. I remember talk from a few years ago that Perkins mght not stay with the team. I'm glad everything worked out.
    1. Seth Stohs's Avatar
      Seth Stohs -
      Fastball at 94-97, and a pretty sharp slide. I'd say that's two pretty top pitches.
    1. Parker Hageman's Avatar
      Parker Hageman -
      I don't see closer potential. He lacks a 2nd top pitch
      His slider was very good last year. According to Fangraphs.com's pitch value data, his slider was 9.9 runs above average -- 5th-best among qualified relievers. It's a very solid second pitch.
    1. oprahchapelle's Avatar
      oprahchapelle -
      I don't think his fastball is very good
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