http://www.businessweek.com/news/2012-12-23/nick-swisher-says-he-s-agreed-to-contract-with-cleveland-indians

Bloomberg News

Nick Swisher Says He’s Agreed to Contract With Cleveland Indians

December 23, 2012

Nick Swisher has agreed to join the Cleveland Indians.

“Hey Cleveland, are you ready? Because I’m coming home,” Swisher posted on his Twitter account today.

The 32-year-old outfielder, who spent the past four Major League Baseball seasons with the New York Yankees, has agreed to a four-year contract worth $56 million, making him the biggest free-agent signing in Indians history, MLB.com reported. Swisher also has a $14 million option for 2017, it said.

Cleveland hired Terry Francona as manager after finishing fourth in the five-team American League Central Division following a 94-loss season. Francona led the Boston Red Sox to a World Series title in 2004, breaking the team’s 86-year championship drought, and again in 2007.

The deal with Swisher is pending a physical and probably won’t be officially announced until after Dec. 25, MLB.com said.

The Indians will lose their second-round pick in next year’s draft as compensation for Swisher and the Yankees will get an extra selection following the first round, ESPN said.

A switch-hitter, Swisher batted .272 with 24 home runs and 93 runs batted in last season.

“Thank you N.Y. for the kindness and support you’ve shown me the past four years,” Swisher posted on Twitter. “It’s been an amazing experience and I’ve loved every minute of it.”

To contact the reporter on this story: Dex McLuskey in Dallas at dmcluskey@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net.


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