According to Jeff Passan of Yahoo, the Pirates and Gregory Polanco have agreed to a five-year extension worth over $30 million. The deal will include two club options and could reach $60 million if they are exercised, according to Ken Rosenthal of FOX Sports. Polanco originally rejected an extension worth $25 million before his debut in June of 2014.
Source: Outfielder Gregory Polanco, Pirates agree to five-year extension w/ two club options. News at Yahoo Sports: https://t.co/QVLe4Q8jWW
— Jeff Passan (@JeffPassan) April 4, 2016
Source: Polanco five-year deal with #Pirates is for $35M. If both options are exercised, total value will be more than $60M.
— Ken Rosenthal (@Ken_Rosenthal) April 4, 2016
Polanco, 24, now has two seasons under his belt and has struggled to adjust consistently. In 964 plate appearances he is slashing .249/.316/.369 with a 2.6 fWAR and 16 home runs. ZIPS projects Polanco to slash .254/.317/.389 with 25 stolen bases and a 2.2 fWAR. If Polanco can improve close to 10 percent at the plate the contract will be a steal.
The Pirates defeated the Cardinals Sunday afternoon to open the regular season. Polanco went two for three with two runs scored and a walk. Small market clubs like Pittsburgh help themselves in the long run by giving out these low risk contracts with high yield. We’ll see if this one pays off.