As Jordan Peterson would say, "Let's get precise!"
Archer "may earn additional $9.5M in performance bonuses based on starts and appearances of 3 innings or more".
The bonus structure is setup like this:
Appearance Incentives
$250,000 each for 12, 14 [BOTH EARNED as of 6/25]
$500,000 each for 16, 18, 20, 22, 24
$750,000 each for 26, 28, 30, 32
He gets $2.75M as a base salary, but has a $3.5m guarantee for 2022. I'm not sure if that extra $750K is because of the buyout on the $10M option for 2023. That part is confusing for me, so I would welcome an explanation, if someone knows.
So at this point, he should be at $3.25M (Base + Earned Incentives) and $4M guaranteed.
Cot's says an additional $9.5M ($13M total?), but the Spotrac info shows that $9.5M is the max guaranteed.
The Twins have received good value on the earned part so far, and they appear to have a good deal going forward, if Archer can just continue to do what he's been doing. I'd like to see the walks come down and the innings to go up, but I can't complain about this as a fifth starter and positive veteran influence to all the young pitchers.