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Mets, Blanco Re-Negotiate Contract
Just a week after signing backup catcher Henry Blanco to a one year, $1.45MM contract, the two sides have re-negotiated the pact according to Newsday's Ken Davidoff. Concerns about the backstop's throwing shoulder popped up during a physical, which led the restructuring.
Under the new contract, Blanco can actually earn more than he would have under the original deal, however most of that money is now tied up in bonuses. His base salary drops to $750K, but he can pocket another $775K in incentives tied to games started and various awards.
The new deal protects the Mets should Blanco get hurt, and as Davidoff so candidly puts it, if he earns those incentives, then "something has gone horribly wrong for the Mets." Blanco's agent stressed that his client's shoulder has been fine since a 1997 procedure.
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