Ken Rosenthal reported this today on twitter:
It appears the Giants have taken the lead in the small bidding war between them and the Phillies. Sources have said Angel Pagan, 31, is looking for a four-year deal and the Phillies have offered him the largest salary thus far, but it looks like the Giants will be getting a hometown discount if he returns to San Francisco.
In my opinion, the signing of Pagan would be a good move for the Giants only if they don’t pay him too much. There are other center fielders available such as Michael Bourn and Shane Victorino but the Giants seem to have Pagan in their sights.
Pagan should be getting close to a 4/$40 million deal, or at least that’s how much I believe he would be worth. Speedy outfielders lose their value rapidly as they age and when Pagan is 36 when this deal is done, it’s pretty likely he wont be worth $10 million per year.
Nevertheless, the Giants are active this winter and I like the players they are focusing on.
EDITORS NOTE – 2:18 p.m.: Looks like Pagan and the Giants have agreed to sign the proposed 4 year, $40 million deal. Andrew Baggarly confirms it here.
Salary breakdown goes like this:
**$5 million signing bonus
2013: $7 million
2014: $9 million
2015: $9 million
2016: $10 million
=$40 million over four years
Right on, Giants. That’s a fair price for Pagan if he continues to hit triples like he did in 2012.
Next up, Marco Scutaro.