Per Ken Rosenthal, the Braves have given Dan Uggla a five-year extension worth $62 million. The $12-and-something million per season is the highest annual salary for a second baseman in baseball. Of course, the annual money won't be the same throughout the contract, and those details have yet to be announced.
David O'Brien of the AJC says a press conference could come Thursday. The Braves won't comment further until Uggla passes a physical.
With the cost for salaries increasing each year, it's very well likely Uggla will be worth the money by 2015. However, the big risk that he won't is absolutely there. Five years is a long time for Uggla's skills, not to mention he's on the wrong side of 30. A hitter relying on a pull lift to hit homers can decline quickly. A player with bad defense in his prime declines very quickly. I will dive deeper into these issues with a longer post on the deal once the numbers are out.