From the Associated Press:
AL MVP Justin Morneau agreed Friday to a $4.5 million, one-year contract with the Minnesota Twins, who also settled their salary arbitration cases with third baseman Nick Punto and outfielder Lew Ford.
Punto agreed to a $4.2 million, two-year contract, and Ford got a $985,000, one-year deal.
Morneau, a 25-year-old first baseman, hit .321 last year with 34 homers and 130 RBIs and won the MVP award by 14 points over New York Yankees shortstop Derek Jeter. Morneau's agreement was at the midpoint between the $5 million he had asked for and the $4 million the Twins had offered.
Punto, who hit .290 with 47 RBIs and 17 steals for the AL Central champions, will get $1.8 million this season and $2.4 million in 2008. He had asked for $2.1 million and had been offered $1.6 million.
Ford was a backup last year who hit .226 with 18 RBIs in 234 at-bats. In addition to his base salary, he could earn $65,000 in performance bonuses: $15,000 for 300 plate appearances, and $25,000 each for 400 and 450 plate appearances. Ford had asked for $1.3 million and had been offered $800,000.
Three Twins remain scheduled for hearings this month: AL batting champion Joe Mauer ($4.5 million vs. $3.3 million), third baseman Michael Cuddyer ($4.25 million vs. $3 million) and pitcher Juan Rincon ($2.4 million vs. $1.6 million).