Hudson extension close to being finalized
Hudson extension close to being finalized (AJC)
The Braves are expected to announce a three- or four-year contract extension for Tim Hudson Monday or Tuesday, according to a person familiar with the negotiations. His contract extension is expected to be worth between $11 million and $12 million annually, with an additional vesting option year tied to innings pitched. The Braves and Hudson's agent have been negotiating the final details of the deal since Thursday. The pitcher wanted the fourth year guaranteed, instead of three years with two option years as the Braves had proposed.
Hudson gave Oakland, and later the Braves, a March 1 deadline to get an extension worked out or he'd end negotiations and enter free agency after the season. The deadline hastened Oakland's decision to trade him to Atlanta in December for outfielder Charles Thomas and pitchers Juan Cruz and young lefty Dan Meyer.
Hudson could have commanded a five-year contract worth $60 million or more if he waited and entered the free agent market next winter. He'd be the top pitcher available. But the Alabama native is building a home in Auburn and said he relished the opportunity to pitch so close to family and for a winning team with a rich pitching tradition. "The money was never that important," he said. Hudson wanted to get a deal done by the Tuesday deadline to avoid his contract status becoming a distraction as the season approached, something he'd seen happen with other players when he was in Oakland.
Hudson, whose .702 career winning percentage (92-39) trails only Pedro Martinez among active pitchers, was to make $6.75 million this season in the final year of the contract he signed with Oakland. It's not known if the expected new contract will supersede that salary this season. Asked when the deal would be announced, Hudson smiled and said, "I'll know something when you know something."
Signing Hudson would be another major step in assuring the Braves have a strong rotation for years to come. John Smoltz is signed through 2006, with a club option for 2007. The former Cy Young Award winner is returning to the rotation after 3 1/2 seasons as closer. Left-hander Mike Hampton is signed through 2008, John Thomson has a club option for 2006, and lefty Horacio Ramirez isn't eligible for arbitration until next winter. He won't become a free agent until after the 2008 season.
Awesome news. Hudson is a bonafide star in his prime. Keeping him around, at a very reasonable (under current market conditions) price makes sense.