ESPN.com (and other sources now) are reporting that Brandon Webb's option has been picked up by the Arizona Diamondbacks for the 2010 season. I think this is a good move for Arizona, given that it would have cost them $2 million to decline the option.
Arizona ultimately had 3 options here:
1) Pick up his option and pay him 8.5 million for next season.
2) Decline the option, pay him 2 million, and let him go pitch for someone else.
3) Try to restructure the deal and reach a different agreement.
They chose the first option. The second option doesn't make a whole lot of sense, so it's easy to see why they declined that one. The third option probably would have been preferred by the Diamondbacks, but Webb (or his agent) is smart. After having been hurt for virtually the entire 2009 season, a restructured deal would mean a paycut. They basically refused to restructure, saying paying me my 8.5 million option, or let me try free agency with the 2 million buyout.
Arizona chose wisely.
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