The notification woke me up a couple hours ago announcing that the Pirates extended Cervelli for 3 years. The amount hasnt been disclosed, but Fran had been seeking $39 million.
A surprising move since Francisco wasn't in the Pirates long term plans, but with the injury to top catching prospect, Elias Diaz halting his progression, this became inevitable.
Update : reportedly worth $31 million.
That's far more reasonable. Still a steep price at $10 million per year.
Good article that puts in perspective how the Pirates and Neal Huntington won out in not winning the Russ Martin sweepstakes and acquiring Cervelli for basically some ravioli and italian bread
http://www.fangraphs.com/blogs/?p=220251