New Dodgers pitcher James Paxton agreed to rework his one-year contract, reducing his guarantee from $11 million to $7 million.
THE ANGELS — James Paxton and the Los Angeles Dodgers reworked his one-year contract, reducing the guarantee from $11 million to $7 million while allowing the 35-year-old lefty to earn up to $13 million if he is healthy for the first part of the season and starts at least 20 games.
Paxton’s original deal called for a $3 million signing bonus and an $8 million salary. He would have received a $1 million bonus if he were on the active opening day roster, and if Paxton hadn’t earned that bonus, he could have triggered a $500,000 bonus if he were on the active roster before April 15. . The deal called for $1 million in performance bonuses for starts: $250,000 each for 16 and 18, and $500,000 for 20.
James Paxton returned in May 2023 and went 7-5 with a 4.50 ERA in 19 starts for the Boston Red Sox. AP Photo/Charles Krupa
His revised deal maintains the signing bonus, reduces salary to $4 million and increases the roster bonus to $2 million if he is on the active roster for the March 20 opener in Seoul, South Korea, or the opening game of the March 28 in the United States. He would receive a $1 million bonus if he is active before April 15 and an additional $1 million if he is on the roster before April 15 and makes 20 or more starts. He could earn $4 million in performance bonuses for starts: $600,000 each for six, eight, 10, 12 and 16, and $1 million for 18.
The Athletic first reported on the contract restructuring. Neither the team nor Paxton’s agent, Scott Boras, have explained the reasons for the change.
Paxton went 7-5 with a 4.50 ERA last year in his only season with the Boston Red Sox. He injured his right hamstring during his first spring training start on March 3 and did not make his season debut until May 12. Paxton did not pitch after September 1 due to right knee inflammation.
Paxton signed a one-year, $8.5 million deal with Seattle before the 2021 season, cut his first start on April 6 and underwent Tommy John surgery eight days later. He signed a two-year, $10 million contract with Boston and returned to make seven minor league appearances at the end of the 2022 season.
Paxton is 64-38 with a 3.69 ERA in 156 starts in seven major league seasons with Seattle (2013-18, 2021), the New York Yankees (2019-20) and Boston.
2024-02-01 00:07:03
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