Results tagged ‘ contract ’

Ortiz’s contract terms

Here are the official terms of David Ortiz’s new contract:

2015 season, $16 million.

2016 option starts at $10 million and vests in the following way based on the 2015 season:

425 plate appearances is $11 million.

475 plate appearances is $12 million

525 plate appearances is $13 million

550 plate appearances is $14 million

575 plate appearances is $15 million

600 plate appearances is $16 milion.

The 2017 option is strictly a club option, but it has exactly the same vesting escalators if the Red Sox choose to pick up the option.

Pedroia’s new contract

Here are the terms of Dustin Pedroia’s new contract, through an industry source:

The contract is eight years, $110-million including the restructuring of Pedroia’s original contract for 2014.

The signing bonus is $1 million.

Here is the year-by-year

2014 — $12.5 million

2015 — $12.5 million

2016 — $13 million

2017 — $15 million

2018 — $16 million

2019 – $15 million

2020 — $13 million

2021 — $12 million

Some of the salary is deferred.

The deal contains trade protection, but not a full no trade.

There is a standard awards package.

Follow

Get every new post delivered to your Inbox.

Join 84 other followers