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A-Rod's Milestone Bonuses
ESPN.com's Jayson Stark hears from a variety of baseball officials who believe the Yankees should try to challenge and avoid the clauses in Alex Rodriguez's contract that reward him for hitting historic home runs. The contract calls for five $6MM bonuses to reward Rodriguez for "historic milestone accomplishments." A-Rod, who has 553 home runs, gets $6MM for matching Willie Mays (660), Babe Ruth (714), Hank Aaron (755) and Barry Bonds (762) and another $6MM for passing Bonds.
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interesting article.
lets hope nobody jumps on to say "OMG WHAT DOES THIS HAVE TO DO WITH MLBTR ???
"
Posted by: mike_lee | May 07, 2009 at 02:43 PM
If he hits and gets paid all those milestones, what would his total contract be worth?
Posted by: juiced | May 07, 2009 at 02:45 PM
If he hits and gets paid all those milestones, what would his total contract be worth?
Posted by: juiced | May 07, 2009 at 02:45 PM
alot.. and if i catch that ball i'm selling it for that 6MM bonus.. actually i'd take 100K
Posted by: ImAwesome | May 07, 2009 at 02:47 PM
Don't really see what benefit there'd be to the Yankees to start challenging these clauses right now. They still may not happen due to injury, performance dropoff..or any number of reasons. Wait for the problem to actually become a problem before upsetting your HOF caliber player.
Not that I care. I guess I want them to burn the house down, so by all means..
Posted by: Bornin85 | May 07, 2009 at 02:47 PM
So, the Yankees, who as an organization want nothing else but to move on from this whole Selena Roberts hit and run job on Rodriguez, are going to drag the whole thing on with time consuming and public lawsuits from their best player.
Ummm...No.
Posted by: Jason | May 07, 2009 at 02:49 PM
The MLB or any court does not have any authority to read terms into a contract that were not bargained for between the parties. So whether or not these homerun totals are still "historic" is irrelevant absent a clause requring them to be, which does not appear to be the case.
Posted by: earthytones316 | May 07, 2009 at 03:00 PM
Also, let's assume that these milestones were to somehow increase significantly in historical value over the term of A-Rod's contract. I doubt Stark would write an article claiming that A-Rod should then be able to void his contract and demand more money for passing each marker.
Posted by: earthytones316 | May 07, 2009 at 03:08 PM
His "milestones" aren't going to matter anymore. Only to him because he's the one who's going to get paid for reaching them.
Posted by: la16 | May 07, 2009 at 03:32 PM
"So whether or not these homerun totals are still "historic" is irrelevant absent a clause requring them to be, which does not appear to be the case."
Looks like you're wrong:
http://sports.espn.go.com/mlb/news/story?id=3126616&campaign=rss&source=MLBHeadlines
According to that article, the bonuses are not automatic. The Yankees have to declare each home run level a historic event. A-Rod would get the bonus, and A-Rod would do personal appearances and give the Yankees all sorts of signed memorabilia.
Posted by: yanksfan | May 07, 2009 at 03:35 PM
"The Yankees could designate each level as a historic event, enabling Rodriguez to receive the added money in exchange for additional personal appearances and signed memorabilia for the club. That enabled the agreement to be allowed by the players' association and the commissioner's office."
Assuming this is the jist of the actual contract, the article doesn't show a requirement that the Yankees declare it a historic event when/if it happens. It required the Yankees to declare them historic events at the time the contract was made and then the only requirement left upon him reaching the marks would be "additional personal appearances and signed memorabilia for the club."
Calling them historical bonuses or whatever was just a way to get the league to sign off on the deal.
Posted by: earthytones316 | May 07, 2009 at 03:47 PM
This is The Worst Contract in all of baseball!
Posted by: RED SOX DYNASTY! | May 09, 2009 at 09:08 PM