From the Wire….Zito to Sign with Giants

Barry Zito to Sign with the San Francisco Giants

Updated – 1:27pm C.T. According to FoxSports and ESPN Radio, deal includes an option for an 8th year worth $18 million – Deal could end up being worth $144 million dollars

According to a report on ESPN Radio, Peter Gammons is reporting that Barry Zito will sign with the San Francisco Giants. ESPN is reporting the contract will be for 7 years in the $18 million dollar a year range….$126 million dollars.

This signing will have a large impact on the contract that Carlos Zambrano will be offered from the Cubs.

The formal announcement is scheduled to be made on Thursday afternoon.

Will update if more information becomes available.

Update – 1:27pm C.T. – The Barry Zito deal appears to now have an option for the 8th year worth $18 million as well….there has not been a report yet if it is a club option or a player option.

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