Twins, Perkins Agree to Contract Extension

The Twins announced this morning that left-handed relief pitcher Glen Perkins had agreed to and signed a three year contract extension worth $10.3 million. The contract includes an option for 2016.

UPDATE - According to Joe Christensen of the Star Tribune via Twitter, "#Twins will pay Perkins $2.5 million in 2013, and $3.75 m in both 2014 and 2015. Option (2016) is for $4.5 m with $300K buyout."

In January, Perkins and the Twins avoided arbitration by agreeing to a $1.55 million contract for 2012. We do not yet have the breakdown for his annual salaries going forward, but an average annual salary of $3.43 million puts him in line with other top young bullpen arms.

[PRBREAK][/PRBREAK]

The contract essentially buys out his final year of arbitration and two years of free agency, with an option for a third year. The Minnesota native and former Minnesota Gopher will continue to pitch in key roles for the Twins through at least the 2015 season.

Remember just one year ago today, most Twins fans would have been happy if the Twins had just released Perkins rather than offer him arbitration. However, the Twins insisted that his move to the bullpen would be fruitful, that the ball was 'really coming out of his hand well.'

Perkins responded very well, posting an ERA of 2.48 and a WHIP of 1.23. In 61.2 innings, he walked 21 and struck out 65.

The Twins haven't had the best of luck with long-term deals of late, but this one makes a lot of sense.

What do you think of the deal and the Twins signing a long-term deal with one of its top bullpen arms?