Sunday, December 14, 2008

METS: K-ROD CONTRACT DETAILS


  • 3 years/$37M (2009-11), plus 2012 option

    • signed by NY Mets as a free agent 12/9/08

    • $2M signing bonus

    • 2009:$8.5M, 2010:$11.5M, 2011:$11.5M, 2012:$17.5M option ($3.5M buyout)

    • 2012 option becomes guaranteed with:
      • 55 games finished in 2011, and
      • 100 games finished in 2010-11, and
      • doctors declare Rodriguez healthy after 2011
    • Rodriguez receives $3.5M termination buyout if 2012 option does not become guaranteed
    • annual performance bonuses, 2009-11:
      • $0.15M each for 50, 55 GF; $0.2M for 60 GF
    • 2012 performance bonuses:
      • $0.3M each for 50, 55 GF; $0.4M for 60 GF
      • (GF means "Games Finished")
    • limited no-trade clause allowing Rodriguez to block deals to 10 clubs

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