LAKE BUENA VISTA, Fla. -- Late Wednesday night, as you might have read, the Phillies and lefthander Dennys Reyes reached an agreement on a contract, pending a physical.
Here are some details on the contract terms, according to a source with knowledge of the negotiations who spoke on the condition of anonymity because the deal has yet to be finalized:
Reyes will make $1.1 million in 2011. There is a mutual option for 2012 for $1.35 million. If Reyes appears in 70 games in 2011, he has the right to exercise the option. If the Phillies decline the option, Reyes receives a $150,000 buyout.
The deal also has numerous performance bonuses. If Reyes reaches the 50- or 55-game mark, he will receive $30,000 each time. A $50,000 bonus triggers each time he reaches three other plateaus: 60, 65 and 70 games.