The Pirates today agreed to terms on a minor-league contract with free-agent reliever Dan Kolb and avoided arbitration with third baseman Freddy Sanchez by agreeing to a one-year contract.
If Kolb makes the 25-man roster out of spring training, he will make $1.25 million in base pay, plus as much as $1.3 million in performance bonuses. If he is not added to the roster, he has the right to declare himself a free agent.
Sanchez's base pay will be $2.75 million, and he can earn an additional $10,000 if he makes 650 plate appearances. He had filed for $3.1 million through arbitration, and the Pirates had countered with $2.15 million.
The Kolb rumour, which just started within the last 24 hours, stated that Kolb was demanding a major league contract and had multiple teams interested. He ended up signing with the Pirates quickly, and to a minor-league deal. I have to say, this seems like a no risk, potentially high reward signing by the Pirates.