Monday, July 8, 2013

Interesting Perks & Stipulations Of Yankees Contracts

Alex Rodriguez

Alex may purchase four of the best Legends Suite season tickets from 2009 - 2017. He also has a $30,000,000 marketing agreement based on home run milestones including $6,000,000 for each home runs when he passes Willie Mays at 660 home runs, Babe Ruth's 714 home runs, Hank Aaron's 755 home runs, and another $6,000,000 each for tying and passing all time home run record king Barry Bonds.

Vernon Wells

Vernon has to donate $143,000 every year to the Toronto Blue Jays charity.

From an AAV standpoint Vernon Wells has agreed to be a "free' player next year

Mark Teixeira

Mark may purchase up to eight of the Yankees best season tickets every season.

CC Sabathia

CC Sabathia gets a suite on every Yankees road trips. I guess when you are the king of the Yankees rotation you want to be treated that way.

CC gets paid twice a month spread out for all 12 months of the season unlike normal Yankees contracts which get paid out twice a month during the season only.

Derek Jeter

Derek has $2,000,000 annually deferred off of his contract without interest to be paid to him in each of the 2015,2016, and 2017 seasons. The payment will be paid on March 17th each of these three seasons for whatever reason.

Ichiro Suzuki

Ichiro has a fat check on his way presumably after the 2014 season because the Seattle Mariners are on the hook for $25,000,000 to be paid to Ichiro the year after he retires. Ichiro will be paid $5,000,000 annually on January 30th for five years the year after he retires.The kicker is that Ichiro has a 5.5% interest rate on that money as well.

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Sorry for the Capatcha... Blame the Russians :)