CHICAGO – Pitcher Jose Quintana and the Chicago White Sox have agreed to a $21 million, five-year contract that would increase to $26.5 million if he is eligible for salary arbitration after this season.
The deal announced Monday includes two team options that could add $22 million.
Quintana has 1 year, 133 days of major league service. The cutoff for arbitration eligibility was 2 years, 122 days this year and 2-139 last year.
After agreeing this month to a one-year deal paying $550,000 in the major leagues and $300,000 in the minors, Quintero gets an $850,000 salary this season.
If eligible for arbitration at the end of this year, he would get $3.4 million in 2015, $5.4 million in 2016, $7 million in 2017 and $8.85 million in 2018.
If not eligible for arbitration after this season, Quintana would receive $1 million in 2015, $3.8 million in 2016, $6 million in 2017 and $8.35 million in 2018.
Chicago has a $10.5 million option for 2019 with a $1 million buyout. If that’s exercised, the White Sox have a $10.5 million option for 2020 with a $1 million buyout.
If he wins a Cy Young Award at any time through 2019, the 2020 option price would increase to $14 million, If he finishes second or third in the voting at any time through 2019, the 2020 option would rise to $13 million.