"Now, what is this site about, how Joe Torre ruined pitchers' arms? Is that it?"
-Michael Kay, August 18, 2009

Friday, December 19, 2008

Sabathia's contract calls for $9.5MM bonus in '09

According to Ronald Blum, the Yankees got creative with CC Sabathia's contract. He will receive a $9.5 million signing bonus which results in a lower salary in 2009. Here are the details:

_The signing bonus is payable in three equal installments by Dec. 31 and by March 1 and July 31 next year.

_He will get a $14 million salary in 2009 and $23 million in each of the final six seasons of the deal, the largest contract ever for a pitcher both in total dollars and average salary.

_While most players are paid semimonthly during the six months of the regular season, Sabathia's salary will be paid in semimonthly installments over all 12 months of the year. That means he will have received six payments of $583,333 before the opener.
It's a nice chunk of change any way you slice it. I love this quote from Sabathia:

"With the economy being the way it is ... the huge amount of money, it was, you know pretty crazy. But that's our game, I guess." Truer words have never been spoken.

Sabathia will also receive a suite on road trips and, of course, can opt out after three seasons.

4 comments:

Kalel9 said...

What could they be making 2009 room for?

Andrew Fletcher said...

A run at a bat perhaps?

She-Fan said...

Interesting. Is Cashman making a stealth move on Tex?

Andrew Fletcher said...

He had to have read your post, Jane.

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