There will be no arbitration hearing for University of Kentucky and Franklin Simpson High School alum Joe Blanton. The Philadelphia Phillies announced today they had signed Blanton to a three-year extension worth $24 million, Alden Gonzalez of MLB.com reports. A news conference announcing the signing is expected to start any minute. (Read more)
Ed Price of AOL Fanhouse tweeted earlier today that Blanton’s salary breaks down to $7 million in 2010, $8.5 million in 2011 and $8.5 million in 2012. He stands in line to receive a $250,000 increase in his 2011 and 2012 salaries if he pitches 200 innings the previous season.