Astros Sign Oswalt to 5-year, $73 million extension
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James Joyner | Wednesday, August 30, 2006 |
It looks like Roy Oswalt is going to be an Astro for life, even though he’s having a mediocre season.
Roy Oswalt got a $73 million birthday present from the Houston Astros. The two-time 20-game winner agreed to a five-year, $73 million contract extension on his 29th birthday Tuesday, the biggest multiyear deal ever given to an Astros pitcher.
Oswalt, the MVP of the 2005 NL Championship Series, passed up a chance to become a free agent after the 2007 season and is now under Houston’s control through 2011. He is currently in the second year of a two-year, $16.9 million contract that pays him $11 million this season.
His new deal, which has a no-trade clause and an option for a sixth year, will pay Oswalt $13 million in each of the next two seasons and $14 million in 2009. He will get $15 million in 2010 and $16 million in 2011. The Astros hold a $16 million option for 2012 with a $2 million buyout. Or, Oswalt could opt out of that year and take a smaller payment.
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The right-hander is 10-8 with a 3.25 ERA in 27 games this season. He is 93-47 in six seasons in Houston.
That’s 15.5 wins per season, which is impressive indeed in the era of five man rotations. And that translates to a little under one million per win if he keeps up that pace. Good work if you can get it!
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