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.It's a nice chunk of change any way you slice it. I love this quote from Sabathia:
_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.
"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:
What could they be making 2009 room for?
A run at a bat perhaps?
Interesting. Is Cashman making a stealth move on Tex?
He had to have read your post, Jane.
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