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Smoltz and Braves agree on contract extension - MLB - Yahoo! Sports
Given today's market, a very good deal for the Braves. Smoltz is still effective, though his K rate has fallen off a bit this year.
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News: Smoltz Signs Extension
MetsBlog.com — ... The AP is reporting that Atlanta Braves pitcher John Smoltz has agreed to a contract extension Thursday that could be worth $39 million.

Smoltz Is Worth It
Sabernomics — ... Yesterday, the Atlanta Braves signed John Smoltz to one-year, $14 million extension. The deal includes two years of options. The first is a $12 million player option for 2009 that vests if Smoltz reaches 200 innings in 2008. The second is a club option for 2010 that is worth $13 or $12 million, depending on whether or not Smoltz pitches 200 innings in 2008. It should be noted that he has pitched about 230 innings in each of the two previous seasons.

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