Pelfrey, Twins finalize $4 million, 1-year deal
Thursday, December 20, 2012
MINNEAPOLIS (AP) -- Right-hander Mike Pelfrey and the Minnesota Twins have finalized a $4 million, one-year contract.
The 28-year-old made just three starts for the New York Mets last season and had elbow ligament-replacement surgery on May 1.
He went 50-54 with a 4.36 ERA in seven seasons with the Mets.
His deal, agreed to last weekend and completed Thursday, includes $1.5 million in performance bonuses: $100,000 for 150 innings, $150,000 for 160 innings, $250,000 each for 170, 180 and 190 innings and $500,000 for 200 innings.