Mariners Sign Gutierrez To Extension
Francisco Blavia reports, via Twitter in Spanish, that the Mariners are on the verge of signing Franklin Gutierrez to a 4 year extension worth $20.5 million with a team option for a fifth year. This would buy out his three arbitration eligible years, plus his first year of free agency, and give the M’s an option on his second year of FA. This would take him through his age 32 season, so the M’s have essentially locked him up through his prime.
The M’s give Gutierrez some long term security and get a pretty significant discount over his true value. Given his broad base of skills, Gutierrez will have to get hurt for this to become a bad deal for the franchise. As long as he stays healthy, 4/20 is a bargain for a player of his abilities, even through his arb years.