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Yonder Alonso Contract Details
Dayton Daily News reporter Hal McCoy checks in with some great details about the contract signed by Reds' first round draft choice Yonder Alonso, which is reportedly worth a little more than $4.55 million, with incentives:
- "For his last three college semesters, the Reds will contribute $78,000 - that’s $60,000 in tuition and $18,000 in books and board."
- "A trip for his immediate family will be paid for by the Reds for his first major-league game."
- Alonso "gets $25,000 if he is Rookie of the Year, $100 if he is MVP and $100,000 if he is MVP of the World Series (for what team?)."
I assume McCoy made a mistake and that Alonso gets $100K if he is MVP, because $100 doesn't seem like much of an incentive.
Coley Ward writes for Umpbump.com. You can reach him here.
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:snort:
$25K for ROY, $100K for MVP, $100K for MVP of World Series?
Those should all be multiplied by 10, in order to make any sense at all.
Posted by: V | August 16, 2008 at 05:16 PM
Psh, I'd win the MVP for a hundred bucks.
Posted by: beeniez | August 16, 2008 at 07:34 PM
I guess the Reds don't think much about MVPs. Or, maybe they think a lot of a 100 dollars?
Posted by: basemonkey | August 16, 2008 at 07:57 PM
Alonso "gets $25,000 if he is Rookie of the Year, $100 if he is MVP and $100,000 if he is MVP of the World Series (for what team?)."
Sigh. You just had to take a shot at the Reds didn't you. :-(.
Posted by: blarkin11 | August 16, 2008 at 09:34 PM
Reds should offer Tex a 5 year deal, with the clause that if they win the series he gets 50 mil. Or Sabathia. What are the odds they have to pay out on that?Dang this team's offense sucks so bad right now that they should have given Yonder 100 K if he can hit .300. Start small.
Posted by: Grizzlyfox | August 16, 2008 at 10:47 PM
Teams can only give incentive clauses based on playing time or individual awards, not performance of the player or team. If I remember correctly, only AB, PA, IP and games started or finished are allowed. The closest thing to a performance incentive that's been OKed has been A-Rod's "historical achievement" bonuses.
Posted by: ryne | August 17, 2008 at 01:37 AM
That's interesting ryne. I have never heard that before.
Posted by: bjsguess | August 17, 2008 at 01:56 AM
bjsguess, it's a union thing. It stops teams from setting up contracts that would limit pay if a player doesn't hit projections. So in other words it's stops anyone signing Texiera to a contract that would penalize him if he hits under 30 hrs.
And if I understand it correctly, the BBWAA in a couple of years will refuse to give awards players who have bonus clauses... so unless that's bs, I'm kinda surprised to still see bonus clauses.
Posted by: start_wearing_purple | August 17, 2008 at 06:38 AM
http://news.cincinnati.com/apps/pbcs.dll/section?category=blog07&plckController=Blog&plckScript=blogScript&plckElementId=blogDest&plckBlogPage=BlogViewPost&plckPostId=Blog%3ae57bcc87-152a-4f72-96fb-cc08b1f396efPost%3afd413d67-bccf-439e-92c4-52e6e7b84e96&sid=sitelife.cincinnati.com
John Fay details the transaction a bit more
Posted by: cincy_11 | August 17, 2008 at 08:45 AM