A source close to the negotiations has confirmed the terms of Jake Westbrook’s new contract with the Cardinals.
Westbrook will receive $16.5 million guaranteed — $8 million in 2011 and $8.5 million in 2012. Following that, he has a mutual option.
After the 2012 season, Westbrook has the right to opt out of the deal. If he does so, he’s a free agent with no additional money coming his way — so it is possible that the bare minimum he will receive on the deal is $16.5 million.
If he does NOT opt out, the option then goes to the Cardinals. They can exercise his 2013 option at a value of $8.5 million, or buy the option out for $1 million. So he would receive $17.5 million total if the club buys out the option, and $25 million total if the third year is exercised.
Additionally, Westbrook received blanket no-trade protection. There are no incentive clauses in the deal.