LarryD
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Greg Maddux decided to stay with the Atlanta Braves, accepting the team’s offer of salary arbitration Thursday.
The four-time Cy Young Award winner had been a free agent. Accepting arbitration is the equivalent of signing a one-year deal for the 2003 season.
Maddux, a 36-year-old right-hander, made the decision late Wednesday night, according to agent Scott Boras, and told the team of his decision about eight hours before the midnight EST deadline.
‘‘At this point in time, at least for this year, they wanted to return to Atlanta and give it one more shot of winning there,’’ Boras said.
Unless they agree on a contract, Atlanta and Maddux will exchange proposed salaries for a one-year contract in mid-January and will argue their cases before three arbitrators the following month.
Maddux is coming off a $57.5 million, five-year contract, and he is expected to ask for an arbitration record. The highest figure submitted for a player was $18.5 million by the Yankees’ Derek Jeter in 2001.
Maddux and the Braves can negotiate up to the hearing date — or even after the hearing.
His acceptance gives Atlanta a surplus of pitchers. Atlanta added two starters Tuesday, trading for San Francisco’s Russ Ortiz and signing free agent Paul Byrd, who won 17 games last season with Kansas City.
Last month, Atlanta acquired Mike Hampton from Colorado in a three-team deal, and the Braves return Kevin Millwood and Jason Marquis from last year’s rotation.
Tom Glavine left the Braves, agreeing to a three-year contract with the New York Mets.
The four-time Cy Young Award winner had been a free agent. Accepting arbitration is the equivalent of signing a one-year deal for the 2003 season.
Maddux, a 36-year-old right-hander, made the decision late Wednesday night, according to agent Scott Boras, and told the team of his decision about eight hours before the midnight EST deadline.
‘‘At this point in time, at least for this year, they wanted to return to Atlanta and give it one more shot of winning there,’’ Boras said.
Unless they agree on a contract, Atlanta and Maddux will exchange proposed salaries for a one-year contract in mid-January and will argue their cases before three arbitrators the following month.
Maddux is coming off a $57.5 million, five-year contract, and he is expected to ask for an arbitration record. The highest figure submitted for a player was $18.5 million by the Yankees’ Derek Jeter in 2001.
Maddux and the Braves can negotiate up to the hearing date — or even after the hearing.
His acceptance gives Atlanta a surplus of pitchers. Atlanta added two starters Tuesday, trading for San Francisco’s Russ Ortiz and signing free agent Paul Byrd, who won 17 games last season with Kansas City.
Last month, Atlanta acquired Mike Hampton from Colorado in a three-team deal, and the Braves return Kevin Millwood and Jason Marquis from last year’s rotation.
Tom Glavine left the Braves, agreeing to a three-year contract with the New York Mets.