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Giants give Buster Posey $8 million for one year

  • Buster Posey hits a home run in the 6th inning. The San Francisco Giants played the Cincinnati Reds in the 1st game of the NLDS on Saturday, October, 6, 2012. (John Burgess/The Press Democrat)

SAN FRANCISCO -- The Giants have avoided arbitration with four of their six eligible players, most notably Buster Posey.

The National League MVP will receive $8 million in his first year of arbitration along with awards bonuses, a sizeable raise from his 2012 salary of $615,000. The agreement allows Posey and the Giants to avoid the messy arbitration process, and both sides have indicated that they would like to at some point reach a long-term deal.

Earlier Friday, the Giants reached a one-year, $13.8 million deal with right fielder Hunter Pence. The midseason acquisition was an emotional leader during the run to a second World Series title in three years and had hoped to reach a long-term deal. Asked about his future early in the offseason, Pence, traded twice in the past two seasons, said, "Absolutely I want to stay. I love it here. Hopefully we can find something that works for both sides."

The Giants preferred to stick to a one-year deal with Pence, who will be a free agent at the end of the 2013 season. The team also reached a $1.35 million deal with outfielder Gregor Blanco and a $1.8 million deal with left-handed reliever Jose Mijares, according to MLBTradeRumors.com

Right-hander Sergio Romo and infielder Joaquin Arias are the only arbitration-eligible Giants who have not reached an agreement with the club.


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