Barry Zito is staying in the Bay Area with the San Francisco Giants.
Sources told ESPN's Peter Gammons that the former Oakland A's pitcher has agreed to a seven-year contract from the Giants. The $126 million deal averages approximately $18 million per season. Zito will be formally introduced by the Giants on Friday.
The deal, agreed to late Wednesday night, includes an $18 million option for 2014 that could increase the value to $144 million, an unidentified source told The Associated Press.
Gammons reports that the left-hander picked the Giants over the Rangers, Mets, Yankees and Mariners. In additon, sources told Gammons that the Yankees never made a formal offer.
Zito is 102-63 in 222 career starts, including a 16-10 mark with a 3.83 ERA in 34 starts last season before becoming a free agent.
The 6-foot-4, 205-pound 28-year-old was drafted in the first round, ninth overall, by the A's in 1999 and made his debut the following season. By 2002 he was a star, making his first All-Star team and winning the American League Cy Young award. His 23-5 record led the league and he also boasted a 2.75 ERA.
Zito was also an All-Star in 2003 and last season.
Zito helped the A's to the playoffs in his first four seasons, but Oakland lost in the divison series every time. Only last season did the A's bread through, beating the Twins in the ALDS before losing to the Tigers in the American League Championship Series. Zito's postseason career record is a mere 1-5, but he boasts a 3.25 ERA.
Zito has been known for his durability. His 173 starts over the past five years rank first in Major League Baseball.
In his career, Zito's accomplishments have earned him approximately $18 million, the amount he will reportedly make per season with the Giants.