Shields can opt out of Padres' deal after 2 years and $31M
SAN DIEGO (AP) - James Shields can opt out his new contract with the San Diego Padres after two years and $31 million.
The 33-year-old right-hander finalized a $75 million, four-year deal Wednesday that calls for a $10 million salary this year and $21 million in each of the next three seasons. The Padres have a $16 million option for 2019 with a $2 million buyout that would be payable by Jan. 15, 2019.
Shields' deal gives him the right to terminate the contract no later than three days after the 2016 World Series and to become a free agent. San Diego would retain its right to make him a qualifying offer,
Shields gets a hotel suite on road trips as part of the deal.
The opt-out provision was first reported by Fox.
Pitcher James Shields and his family--wife, Ryane, and daughters, Camden, 4, and Ashtyn, 11--arrive at Petco Park to the applause of the front office personnel of the San Diego Padres on Wednesday, Feb. 11, 2015, in San Diego. Shields finalized a four-year contract with the Padres on Wednesday. (AP Photo/Lenny Ignelzi)
The Associated Press
San Diego Padres manager Bud Black, left, shows the locker room to pitcher James Shields who signed with the Padres for four years Wednesday, Feb. 11, 2015, in San Diego. (AP Photo/Lenny Ignelzi)
The Associated Press
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