The Cleveland Indians have signed Fausto Carmona to a long term deal. 4 years and $15 million are guaranteed, and the deal also includes 3 club options after that, giving the deal 7 year potential. The whole 7-year deal has the potential to be (with incentives) $48 million.
The contract is historic because Carmona becomes the highest paid pre-arbitration starting pitcher and the highest guaranteed paid starting pitcher with only one previous full year of experience.
Carmona has been in the Indians organization since 2000, when he was signed to their Dominican Republic academy.
mlb.com story