Jerry Crasnick of ESPN.com reports that the Reds have signed outfielder Jay Bruce to a six-year, $51 million contract extension.The deal also contains a club option for a seventh year that would bring the total worth to $63 million. Bruce was up for salary arbitration for the first time this winter and could have started down a path of negotiating raises each year. Instead he opted to cash in now, committing Thursday to an extended stay in Cincinnati. These deals often go well for both sides.Source: Jerry Crasnick on Twitter
The Reds have locked up Jay Bruce to a 6-year contract with an option for a 7th. Seven more years of Jay Bruce? I'm looking forward to each and every one. And, the deal comes at the exact right time, as I truly believe that Bruce is ready to break out. When all is said and done, this deal should work out very well for the Reds and set Jay Bruce up for life.
If Bruce avoids injury, then this deal should be a very good one for the Reds. Under the fangraphs.com "Dollars" metric, Bruce's 2010 production was worth $21.1M. In short, a single season at his 2010 level of production would be worth almost 1/3 of the cost of his entire salary over the next 7-seasons. It's scary to think just how valuable Bruce can be if he continues to improve.
Actually, today is a VERY good day.