Jays sign Escobar to two-year $10 million extension, plus two option years
The Blue Jays announced Sunday morning they have signed shortstop Yunel Escobar to a two-year contract extension, through 2013, with two club options that would cover the first two years of potential free agency. Each of the four years of the contract is worth $5 million U.S. The 28-year-old Cuban, obtained from the Braves last July 14, is earning $2.9 million this year.
The Jays GM Alex Anthopoulos made the announcement in the visitors dugout at Great American Ball Park in Cincinnati. Anthopoulos explained that the Jays are giving up a little bit in guaranteed money for Escobar's final two arbitration seasons in exchange for a total dollars break in the two years that would have been his free agency.
The 6-2, 205 lb. shortstop has found a home at leadoff for the Jays. He entered Sunday's play hitting .281 in 66 games, with eight homers and 26 RBIs. Escobar has made just six errors and leads AL shortstops with 32 bases-on-balls. He joins Jose Bautista, Adam Lind and Ricky Romero as Jays players with contracts that extend through 2014 or beyond.