Jays sign Overbay
Toronto has signed first baseman Lyle Overbay to a four-year deal worth $24 million. Overbay would’ve been eligible to become a free agent after the 2008 season and he likely would’ve garnered a 4-5 year deal on the open market. So securing the 2009-10 seasons in the contract was big for Toronto.
Overbay will make $4.2 million in 2007, including $3.8 million paid as a signing bonus. He is then scheduled to make $5.8 million in 2008 and $7 million in 2009 and 2010. The signing is also good because Overbay might’ve garnered more in 2008 through arbitration.
- The contract for John Thomson has a base salary of $500,000, but it will jump to $1.5 million should he make the Major League roster out of Spring Training. Also, Thomson can make as much as $3.75 million — not the previously reported $4 million — if he can make 34 starts this year. If he makes 30 starts, Thomson would make $2 million and he’d make $2.5 million if he logs 32 starts.