Phillies Sign Blanton to Three-Year, $24 Million Extension
The Phillies announced today they had signed Blanton to a three-year, $24 million contract extension, which keeps him with the Phillies through 2012. Blanton had been eligible to become a free agent after the season. Blanton, 29, went 12-8 with a 4.05 ERA in 31 starts last season. He is 16-8 with a 4.09 ERA in 44 regular-season starts for the Phillies since he joined the team in July 2008. The team is 26-18 (.591) in those games.
Blanton will be available to the media later today. He passed his physical earlier today.
Updated: Blanton will make $1 million in salary in 2010, but he also receives a $6 million signing bonus. That will be paid in $3 million installments in June and October. Blanton then makes $8.5 million in 2011 and 2012. He also has escalator clauses, which states he will make $8.75 million in 2011 if he throws 200 innings in 2010, and $8.75 million in 2012 if he throws 200 innings in 2011.