"The contract pays Lovelady a $1MM salary for time in the majors and a $350K rate in the minor leagues. He's out of options, so the MiLB salary only becomes relevant if the team gets him through waivers at some point. Lovelady would have the right to elect free agency if he's outrighted but would lose his salary, so the deal is structured to incentivize him to report to Triple-A."
"The 30-year-old southpaw made eight appearances for the Mets and pitched twice for the Blue Jays last season. He combined for 11 2/3 innings and gave up 11 earned runs. Lovelady struck out 12 but issued 10 free passes - six via walk and four hit batters. That elevated his career earned run average to 5.35 across 111 innings. Lovelady had a much better season in the minors. He tallied 38 innings of 1.66 ERA ball while striking out 26.3% of batters faced in Triple-A."
Richard Lovelady was designated for assignment to open a 40-man spot after the Mets acquired utility player Vidal Bruján from Minnesota. Lovelady signed a split contract paying $1MM in the majors and $350K in the minors. He is out of options, making the minor-league salary relevant only if he clears waivers. He can elect free agency if outrighted but would forfeit the contract salary, so the deal encourages reporting to Triple-A. He allowed 11 earned runs in 11 2/3 MLB innings last season with 12 strikeouts and 10 free passes. He posted a 1.66 ERA over 38 Triple-A innings and is retained as organizational depth if he clears waivers.
Read at MLB Trade Rumors
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