HBT: Phillies, Kendrick rework deal

Kyle Kendrick and the Phillies avoided arbitration by agreeing to a one-year, $3.585 million deal last month, but today the two sides signed a new two-year, $7.5 million contract that cancels out the previous deal.

Or, put another way, they tacked on an extra year and another $3.915 million to the previous agreement.

Either way, the Phillies clearly valued the cost certainty that comes with pre-paying for Kendrick?s arbitration years and once the two-year contract ends they?ll still have him under team control in 2014 via his final year of arbitration.

Kendrick?s career strikeout rate of 4.1 per nine innings is the fourth-worst of any active pitcher with at least 500 innings, but he threw 115 innings with a 3.22 ERA last season split between the rotation and bullpen. He?s currently slated to be the Phillies? long reliever unless the team finds a taker for Joe Blanton?s contract (and doesn?t replace Blanton with a new veteran starter).

Source: http://hardballtalk.nbcsports.com/2012/02/19/phillies-kyle-kendrick-wipe-out-previous-one-year-deal-with-two-year-7-5-million-contract/related/

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