Things I'm told
The Reds avoided arbitration and reached agreement on a two year deal with Edwin Encarnacion this morning.
Edwin made $450,000 in 2008. He had requested 3.7 mill in arbitration. The Reds had offered 2.55 mill.
Total deal: $7,600,506
2009: $2,000,000
2010: $4,750,000
Signing bonus - $850,000, payable between March 2009 and November 2009.
Plus: $25,000 for 600 plate appearances
Plus: $25,000 for All Star; $50,000 for LCS/MVP;
$100,000 for WS/MVP; $50,000 for Gold Glove; $50,000 for Silver Slugger.
Edwin will donate 1% of base salaries and signing bonus to Reds Community Fund.

http://www.1530homer.com/pages/lancesBlog.html

I like this deal a lot. Reasonable rate for an .800 OPS 3B.