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Magglio Update

Well, now it's official.

Magglio Ordonez has agreed to sign a $75-million, five-year deal with the Detroit Tigers, Newsday has learned.

An announcement is expected Monday.

The Mets, Rangers and Cubs showed interested in the rightfielder but were unwilling to match the Tigers in terms of the length of the contract. There are incentives that could make it a seven-year deal.

In a word: bad.

In several words: read the preceding post.

Update [2005-2-5 22:11:20 by Jeff]:

Contract details, from the AP.

Ordonez's deal could be worth up to $105 million over seven seasons, the source told The Associated Press on the condition of anonymity.

Under the complicated deal, Detroit would have the right to void the contract after the 2005 season if Ordonez has a reoccurrence of the left knee injury that hampered his production with the Chicago White Sox for most of last year and the reoccurrence lands him on the disabled list for 25 days or more.

The 31-year-old Ordonez gets a $6 million signing bonus and a $6 million salary in 2005, meaning the Tigers' exposure is $12 million.

His contract calls for a $15 million salary in 2006, $12 million in 2007, $15 million in 2008 and $18 million in 2009. Detroit has a $15 million option for 2010 with a $3 million buyout, and a $15 million option for 2011 with no buyout.

In addition, Ordonez's salary in each of the option years would become guaranteed if he has 135 starts or 540 plate appearances in the previous season, or 270 starts or 1,080 plate appearances in the previous two seasons. If his 2010 salary becomes guaranteed under this provision, it would be at $18 million. The 2011 salary would be $15 million.