According to espn.com and the Twins official website, Joe Mauer has signed a 4-year deal, which will keep him in Minnesota through 2010. The terms of the deal have not yet been disclosed.
I'll have more to say once we hear how much the deal is worth, but I'll be very happy if it's in the ballpark of the previously rumored $33 million.
UPDATE: The deal is worth $33 million over 4 years. According to espn.com, the deal pays Mauer $3.75 million in 2007, $6.25 million in 2008, $10.5 million in 2009, and $12.5 million in 2010. Mauer can also earn award and performance bonuses.
Now that Mauer is signed, I expect Morneau to sign a very similar deal in the near future. I'd like to see his contract last a year longer than Mauer's, for reasons explained here.
My only concern is the money this locks up for 2009 and 2010, the first years of a potential Santana contract. Pohlad has been more willing to open his wallet lately, and I think they'll still make a run at Santana - but if Morneau's contract is structured similarly to Mauer's, it can't help their chances.
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