Deals of the day: Giambi, Pavano…
ESPN The Magazine senior writer Buster Olney reported the deal will pay Giambi $4 million in 2009 with a $6.5 million base salary for the option year in 2010. The second year would also provide for a $1.25 million buyout.
Pavano gets a 1y, $1.5m-base contract from the Indians.
Jerry Hairston reportedly will remain with the Reds, signing a 1y deal (some of you can stop hijacking threads now, thanks). Hairston would have been a nice pick for a backup infielder but it’s not hard to find a suitable replacement.