After winning two World Series titles in his first three seasons with the San Francisco Giants, Buster Posey signed a massive eight-year extension on Friday, according to Hank Schulman of the San Francisco Chronicle:
Henry Schulman @hankschulman
Buster gets 8-year extension. #sfgiants.3/29/2013, 6:49:50 PM
According to ESPN's Buster Olney, the terms of the new deal are nine years, $167 million:
Buster Olney @Buster_ESPN
Posey gets nine years, $167 million, starting in 2013.3/29/2013, 6:55:32 PM
CSN Bay Area's Andrew Baggarly provides the year-by-year breakdown of the deal:
Andrew Baggarly @extrabaggs
Posey breakdown starting in 2014: 12.5M, 16.5M, 20M, then 21.4M for each of next five years.3/29/2013, 7:06:32 PM
The 2012 National League MVP, Posey hit a league-best .336 at the plate last year while slugging 24 home runs, driving in 103 runs and posting an NL-best WAR (wins above replacement) of 7.4, according to Baseball-Reference.com.
His hot streak continued into the postseason, where he hit three homers and drove in nine runs as the Giants knocked off the Cincinnati Reds, St. Louis Cardinals and Detroit Tigers en route to the 2012 World Series title.
The 26-year-old catcher also was a key piece on San Francisco's title-winning team in 2010—his rookie season—and hit .300 in the World Series against the Texas Rangers.
Posey fell victim to a horrific injury at the plate during the 2011 season (video at BigLeadSports.com), limiting him to just 45 games. Without their star catcher, the Giants struggled down the stretch and missed the playoffs.
Jon Heyman of CBS Sports first reported on March 20 that the Giants and Posey were working toward a contract extension. The two sides moved fast to get the deal done before Opening Day, allowing Posey to put all of his focus on helping San Francisco repeat in 2013.
To steal a line from Heyman (and Giants enthusiasts everywhere, I'm sure), the Giants have won two titles in the 55-year marriage of the franchise and San Francisco.
They are 2-for-2 with Posey.
They are 0-for-53 without him.
While it's impossible to project the long-term health and production of Posey, GM Brian Sabean has to like his odds going forward with a player that could one day stand alongside the franchise greats such as Barry Bonds, Willie Mays and Willie McCovey.
Some might even argue that Posey should already be mentioned in that company.