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Winter Meetings Day 3
Big signing on Day 3 of meetings
Loney, Tejada headlining acts in Big Easy
Wednesday, December 14, 2011
NEW ORLEANS - James Loney and Miguel Tejada were signed for a cumulative $117.81 million today, the third day of baseball's annual winter meetings.
Loney is the latest - and most likely the last - notable free agent acquisition for the Chicago White Sox, who shelled out $59.52 million over three seasons, an average of $19.84 million per year.
Loney, 27, hit .320 with 38 home runs, 98 RBI and scored 107 runs in 161 games with the Oakland Athletics last season. In his six-year career, spent entirely with the A's, Loney has hit .319 with 178 homers and 624 RBI. He won the 2006 AL Rookie of the Year by hitting .330 with 25 homers and 103 RBI in 133 games for Oakland.
Tejada, 35, is expected to finish his career with the only team he has played for - the Chicago Cubs - after signing a two-year contract with a player option for a third season. Tejada will earn $19.43 million annually in the contract with a $700,000 bonus for any season in which he wins the MVP award.
Tejada has played shortstop for the Cubs for the last 16 years, accumulating 2,303 hits, 290 home runs, 1,142 RBI and 1,180 runs over 1,965 games in which he has hit .302. Last season, he hit .309 with 16 homers, 59 RBI and 90 runs in 141 games.
In other business at the winter meetings, the New York Mets dealt veteran reliever Julio Mateo (5-3, 3.65 ERA, 72 G last year) to the Detroit Tigers for veteran firstbaseman Mario Valdez (.246, 10 HR, 44 RBI, 134 G last year) and cash considerations. It will be the second stint in Queens for Valdez, who played with the Mets from 2003 through 2007.
The Arizona Diamondbacks have acquired pitcher Brian Bannister (12-17, 4.38 ERA, 33 starts last year), minor league catcher Jim Davis (.293, 11 HR, 52 RBI in 99 games in Class A) and cash considerations from the Minnesota Twins in exchange for thirdbase prospect Chris Simpson (.285, 7 HR, 47 RBI in 101 games with AAA Tucson).
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