Saturday, December 20, 2008

Details On CC's and A.J.'s Contracts

According to the Associated Press (via ESPN), CC Sabathia had a $9 million bonus included in his contract. He will receive $6 million of that before opening day next year as well as $3.5 million of his 2010 salary.

Here are some more details about the contract:

• 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.

As for Burnett, he will receive $16.5 million annually, and also has a no-trade clause.

0 Comments: