Loewen Signed 5 Minutes Before Deadline...Plus A MJS Link

[The Big Cheese]

I don't mean to torture the Loewen fans out there, but according to ESPN, Adam Loewen signed his Oriole contract at 11:55 PM last night. If he would have signed it only a minute past midnight, he would be forced to reenter the draft. Talk about cutting it close!! Here's the ESPN blurb:

 

The Orioles have signed 2002 first-round draft pick Adam Loewen to a five-year deal -- barely. The pitcher signed at 11:55 p.m. on May 26. If Loewen had not signed by midnight, he would have gone back into the June 3 draft, and the Orioles would have received a supplemental-round pick. Loewen is a 6-foot-6 left-hander who went 6-1 this season with a 2.47 ERA at Chipola Junior College in Marianna, Fla. Financial terms of the deal were not disclosed. Last year, Loewen refused to sign for less than $3.9 million, and the team said it would not offer more than $2.5 million.

 

 

Plus here's a link to today's MJS with Doug Melvin commenting on Young and Weeks looking like the top two guys available....

 

www.jsonline.com/sports/b...143823.asp

 

 

 

From lifelong Brewer fan, "The Big Cheese"

[colbyjack]

Baseball sources said the Orioles gave Loewen a five-year, major-league contract with a $3.2 million signing bonus and $800,000 spread over the next four years. That deal could help set the market for players picked next week.

 

Yikes. If I did my math correctly, that contract is worth $6.4 million total. $3.2 million now & $3.2 million to come. If only I were a foot taller & knew how to pitch, my "rising" fastball might make me some $$$.

[filthyfrog]

The way I read it, it's "only" $4 mil. I think the $800k is the total over the next four years, averaging $200k per year.

 

Either way, he's filthy rich.

[cressj]

the 800,000 is divided over the four years, not given each year. It is a total of 4 mil. Any word on Mannon?

[colbyjack]

Thanks frog, I think you're right. $4 million total makes a lot more sense.