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Today the Los Angeles Dodgers officially announced the signing of relief pitcher Joe Kelly, recently a member of the World Series Champion Boston Red Sox, to a three-year contract worth a reported $25 million dollars guaranteed.
After a pedestrian regular-season (4.39 ERA, 100 ERA+, 4.4 BB/9, 9.3 K/9 in 65 2⁄3 innings), Kelly was torrid in post-season play striking out 13 batters in 11 1⁄3 innings – including 10 Dodgers batters in the World Series – while walking none and allowing only one earned run.
As reported by Joel Sherman and Jorge Castillo (among others) and as recorded in the Dodgers roster and contract details here, Kelly will receive a $1 million signing bonus, a $3 million salary in 2019 and $8.5 million in each of the following two years. The contract includes a team option for 2022 for $12 million, with a $4 million buyout.
The contract also includes incentive clauses that pay the hard-throwing right-hander $250,000 for each milestone of 30, 35, 40, 45, 50 and 55 Games Finished, and $500,000 for 60 Games Finished. As a point of comparison, Kenley Jansen finished 59 games in 2018.
Btw if the Dodgers don't pick up the option, Kelly gets a $4 million buyout. He got a $1 million signing bonus and will have a base salary of $3 million in 2019. $8.5 million each of the next two seasons.
— Jorge Castillo (@jorgecastillo) December 21, 2018
sorry, like I reported earlier Kelly sign bonus is $1M not $3M, so: Sign-$1M
— Joel Sherman (@Joelsherman1) December 21, 2018
$3,000,000, 2019. $8,500,000, 2020. $8,500,000, 2021. Club option 2022 for $12M or $4M buyout. $250,000 each for 30gf; 35gf; 40gf; 45gf; 50gf; 55gf.
$500,000 for 60gf
The Dodgers 40-man roster is currently full; no corresponding roster move has yet been announced to make room for the addition of Kelly.