According to multiple sources, Felipe Rivero and the Pittsburgh Pirates came to terms on a four-year, $22 million deal with two option years each worth $10 million.
“It was kind of quick. I was not expecting something like this could happen in my life,” Rivero told reporters Thursday morning.
Ken Rosenthal, MLB contributor for The Athletic, first announced and confirmed the deal via Twitter.
Sources: #Pirates signing LH closer Felipe Rivero to four-year contract with two club options. Guarantee believed to be about $22M, with each club option $10M. Deal will cover all four arb years and potentially two FA years. Not clear if an agency was involved in negotiations.
— Ken Rosenthal (@Ken_Rosenthal) January 15, 2018
Days after the details were confirmed by Rosenthal, the Pirates and Rivero hashed out numbers regarding his option years in 2022 and ’23 — $1 million buyout in 2022, $500,000 buyout in 2023.
General manager Neal Huntington on the deal: “The cost certainty for the club is very beneficial. The guaranteed money for the player is very beneficial and that’s where you hope to find common ground.”
Originally, Rivero came to the Pirates in a highly scrutinized involving then-closer Mark Melancon.
It didn’t take too long for the left-hander who can regularly touch triple digits to takeover the closer reigns, stealing the hearts of Pirates fans.
Rivero finished the year posting a 1.67 earned run average and 88 strikeouts in 75 1/3 innings pitched, while only allowing 47 hits, 20 walks and four home runs.
This deal buys out the remaining arbitration years on Rivero’s deal.
I guess I’m the handyman of the house🤣
— Felipe Rivero (@Rivero43) January 18, 2018
“They make you feel like you’re at home and that’s the main reason I wanted to stay with them for a few more years,” said Rivero in conclusion Thursday’s press conference.
UPDATE: January 16, 2018 – 11:15 a.m.
The Pirates made the deal official this morning when they announced it via their Twitter page.
OFFICIAL: Pirates today signed left-handed pitcher Felipe Rivero to a four-year contract (2018-2021) with club options for the 2022 and 2023 seasons. pic.twitter.com/8ClFe4u3aK
— Pirates (@Pirates) January 18, 2018
This article was updated last on January 18, 2018 at 12:25 p.m.
Joe Cinello covers Pirates material for Pittsburgh Sports Castle. Connect with him on Facebook (Joey Cinello), Linkedin (Joseph Cinello) and Twitter (@JCinello).