A quick glance at the new three-year extension for Red Sox pitcher Josh Beckett.
The total guaranteed value of Beckett’s contract is $30 million. Here’s how it breaks down:
$2 million signing bonus
$6 million salary for 2007
$9.5 million salary for 2008
$10.5 million salary for 2009
$12 million at club option for 2010. The option becomes automatic if Beckett makes 28 starts in 2009 or he has a total of 56 starts in 2008 and 2009.
There is also a $2 million buyout clause on the option to make the guaranteed total $30 million.
The contract also includes the standard awards package, which could bring more bonus money. The deal does not include any “no trade” language, which is standard procedure for the Red Sox.