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Jose Quintana extened thru 2018 - 5 yrs, $21.5 or $26.5 mill


Feeky Magee

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Colleen Kane ‏@ChiTribKane 1m

Jose Quintana has agreed to a 5-year contract with the White Sox worth $26.5 million or $21 million, depending on his arbitration status.

 

https://twitter.com/ChiTribKane/status/448127495930253312

 

EDIT: Plus two option years for 2019 and 2020 at $10.5m and $11.5m. They're the key.

Edited by Feeky Magee
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Scott Merkin ‏@scottmerkin 1m

Quintana agrees to five year extension potentially worth $26.5 million.

 

Dan Hayes ‏@DanHayesCSN 1m

Guaranteed money in Jose Quintana's deal is contingent on arb status. If he qualifies for super two, it's $26.5 mil. If not, $21.5'mil.

 

Dan Hayes ‏@DanHayesCSN 1m

#WhiteSox give Jose Quintana 5-year, $26.5 mil extension. Deal has options for $10.5 mil for '19, $11.5 mil for '20. (1/2)

 

 

 

 

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WHITE SOX AND JOSE QUINTANA AGREE TO TERMS ON FIVE-YEAR CONTRACT WITH TWO CLUB OPTIONS

 

GLENDALE, Ariz. – The Chicago White Sox have agreed to terms on a five-year contract with left-handed pitcher Jose Quintana, which includes two club options.

 

If Quintana, 25, is eligible for arbitration following the 2014 season, the total guaranteed dollars would be $26.5 million. He would receive $850,000 in 2014, $3.4 million in 2015, $5.4 million in 2016, $7 million in 2017 and $8.85 million in 2018. The White Sox would hold options for 2019 at $10.5 million and for 2020 at $11.5 million. If either option is declined, Quintana would receive a $1.0-million buyout.

 

If Quintana is not eligible for arbitration after the 2014 season, the total guaranteed dollars would be $21.0 million. He would receive $850,000 in 2014, $1.0 million in 2015, $3.8 million in 2016, $6.0 million in 2017 and $8.35 million in 2018. The Sox would hold options for 2019 at $10.5 million and for 2020 at $11.5 million with a $1.0-million buyout.

The 6-foot-1, 220-pound Quintana went 9-7 with a 3.51 ERA (78 ER/200.0 IP), 164 strikeouts and a major-league leading 17 no decisions over 33 starts in 2013, his first full season in the majors. He tied for first among American League left-handers in starts, ranked third in runners per 9.0 IP (11.21), fifth in ERA, sixth in strikeouts and seventh in IP. Quintana also set an AL record with 17 no decisions, three of which came when he threw 7.0-plus scoreless IP.

 

“Jose quickly has established himself as a quality major-league starting pitcher, and along with Chris Sale, we expect him to be an important piece of our rotation for the foreseeable future,” said Rick Hahn, White Sox senior vice president/general manager. “Jose brings a tremendous work ethic and professionalism to his approach, and he is well respected by his teammates, so we are excited to be able to reward him for what he has accomplished thus far in his career and possibly keep him in a White Sox uniform for the next seven seasons.”

 

 

A native of Barranquilla, Colombia, Quintana last season became the youngest pitcher to lead the White Sox in starts since Mark Buehrle in 2002 (23) and joined Sale (214.1) as the only left-handed teammates in franchise history under the age of 25 to throw 200.0-plus IP in the same season. Sale (6.9) and Quintana (5.4) combined to record a 12.3 bWAR, the second-highest total by a duo in the major leagues behind Detroit’s Max Scherzer and Anibal Sanchez (13.0).

 

 

Quintana has gone 15-13 with a 3.61 ERA (135 ER/336.1 IP) and 245 strikeouts in 58 games (55 starts) over two seasons with the White Sox after signing as a free agent on November 21, 2011. He has thrown at least 7.0 scoreless IP without receiving a decision six times in his 55 career starts, which is tied with Joel Horlen for the club record.

 

Quintana would have been eligible for free agency following the 2018 season.

 

-30

 

 

© 2014 Chicago White Sox

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QUOTE (Knuckles @ Mar 24, 2014 -> 11:05 AM)
WHITE SOX AND JOSE QUINTANA AGREE TO TERMS ON FIVE-YEAR CONTRACT WITH TWO CLUB OPTIONS

 

GLENDALE, Ariz. – The Chicago White Sox have agreed to terms on a five-year contract with left-handed pitcher Jose Quintana, which includes two club options.

 

If Quintana, 25, is eligible for arbitration following the 2014 season, the total guaranteed dollars would be $26.5 million. He would receive $850,000 in 2014, $3.4 million in 2015, $5.4 million in 2016, $7 million in 2017 and $8.85 million in 2018. The White Sox would hold options for 2019 at $10.5 million and for 2020 at $11.5 million. If either option is declined, Quintana would receive a $1.0-million buyout.

 

If Quintana is not eligible for arbitration after the 2014 season, the total guaranteed dollars would be $21.0 million. He would receive $850,000 in 2014, $1.0 million in 2015, $3.8 million in 2016, $6.0 million in 2017 and $8.35 million in 2018. The Sox would hold options for 2019 at $10.5 million and for 2020 at $11.5 million with a $1.0-million buyout.

The 6-foot-1, 220-pound Quintana went 9-7 with a 3.51 ERA (78 ER/200.0 IP), 164 strikeouts and a major-league leading 17 no decisions over 33 starts in 2013, his first full season in the majors. He tied for first among American League left-handers in starts, ranked third in runners per 9.0 IP (11.21), fifth in ERA, sixth in strikeouts and seventh in IP. Quintana also set an AL record with 17 no decisions, three of which came when he threw 7.0-plus scoreless IP.

 

“Jose quickly has established himself as a quality major-league starting pitcher, and along with Chris Sale, we expect him to be an important piece of our rotation for the foreseeable future,” said Rick Hahn, White Sox senior vice president/general manager. “Jose brings a tremendous work ethic and professionalism to his approach, and he is well respected by his teammates, so we are excited to be able to reward him for what he has accomplished thus far in his career and possibly keep him in a White Sox uniform for the next seven seasons.”

 

 

A native of Barranquilla, Colombia, Quintana last season became the youngest pitcher to lead the White Sox in starts since Mark Buehrle in 2002 (23) and joined Sale (214.1) as the only left-handed teammates in franchise history under the age of 25 to throw 200.0-plus IP in the same season. Sale (6.9) and Quintana (5.4) combined to record a 12.3 bWAR, the second-highest total by a duo in the major leagues behind Detroit’s Max Scherzer and Anibal Sanchez (13.0).

 

 

Quintana has gone 15-13 with a 3.61 ERA (135 ER/336.1 IP) and 245 strikeouts in 58 games (55 starts) over two seasons with the White Sox after signing as a free agent on November 21, 2011. He has thrown at least 7.0 scoreless IP without receiving a decision six times in his 55 career starts, which is tied with Joel Horlen for the club record.

 

Quintana would have been eligible for free agency following the 2018 season.

 

-30

 

 

© 2014 Chicago White Sox

Sweet, was wondering what it was all about without the options, they're the key.

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So if he's Super-2 eligible, the White Sox buy out his 4 years of arbitration for $24.65m.

 

If he's not, the White Sox buy out his 3 years of arbitration for $18.15m.

 

Anyone know what he'd figure to earn in arb if he hadn't signed this deal?

 

Hard to say exactly how much, but it definitely would have been more. The player gives up potential earnings for the security of the guaranteed money.

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QUOTE (HickoryHuskers @ Mar 24, 2014 -> 11:19 AM)
Hard to say exactly how much, but it definitely would have been more. The player gives up potential earnings for the security of the guaranteed money.

 

The last option year is $11.5 million, which would have been his second year of FA. His last year of pre-free agency arb is locked up for $8.85 million. The highest offer ever to a player still under pre-free agency arbitration was to Lincecum for $17 million.

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Way to go Hahn! Absolutely love this deal, can't see how anyone would complain.

 

I like the deal and wouldn't complain, but I will point out that this kind of deal does not come without risk. If Quintana suffers a career-ending or career-damaging injury, or just flat out starts to suck, the Sox are on the hook for the entire contract anyway.

 

 

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QUOTE (HickoryHuskers @ Mar 24, 2014 -> 11:35 AM)
I like the deal and wouldn't complain, but I will point out that this kind of deal does not come without risk. If Quintana suffers a career-ending or career-damaging injury, or just flat out starts to suck, the Sox are on the hook for the entire contract anyway.

 

The thing is, that risk is spread out over 5 years, and it'll be insured anyhow. This is not the same as resigning a guy with 4+ years of MLB service on his arm a 5 years, $65 million deal at the end of his contract.

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