Roy Oswalt-S- Astros Aug. 30 - 12:51 am et
Astros signed RHP Roy Oswalt to a five-year, $73 million contract extension through 2011 with a mutual option for 2012.
A whopper. Oswalt had one more year of arbtration remaining after making $11 million this year. He's now due to receive $13 million in each of the next two years, $14 million in 2009, $15 million in 2010 and $16 million in 2011. The amount of the option wasn't disclosed, but there's a $2 million buyout. Assuming that Oswalt would have made about $13 million next year anyway, what the Astros are really doing is buying four free agency years for $60 million. It's a fair price given his talent, though committing to any pitcher for such a length of time is a big risk. Oswalt's strikeout rate has steadily dipped, his batting-average against has increased and he has had oblique issues. A decline over the next few years is a real possibility.