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The weird and wonderful world of baseball contracts.

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  • The weird and wonderful world of baseball contracts.

    Prince Fielder is out of baseball forever due to a permanent neck injury. However, the way his contract was set up he will still be payed $24 million dollars per year through 2020. That's right, Prince Fielder is going to make $24 million dollars a year for the next 3 years ... for not playing in baseball. Oh, and the Detroit Tigers are on the hook for $6 million of it. Yup, the Detroit Tigers are still paying Prince Fielder.

    Josh Hamilton is set to make $28.4 million this year. The L.A. Angels are on the hook for $26.4 million of it. That's right, The L.A. Angels are going to pay Josh Hamilton $26.4 million dollars ... to play for the Texas Rangers. But after some classic release/resign shenanigans by the Rangers, Hamilton is now on a minor league contract and may not make the squad. But regardless of what happens, the Angels still have to pay him the $26.4 million.

  • #2
    The Mutts are STILL paying Bobby Bonilla. $1,193,248.20 a year.

    Almost 6,000 days since he last played for them.

    And they'll continue to do so until 2035.

    http://www.espn.com/mlb/story/_/id/1...ry-july-1-2035

    Nice pension, huh?

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    • #3
      Darryl Strawberry would have had an even better deal if he didn't fuck it up and have the IRS take it from him and auction it off.

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      • #4
        I was told Matt Holliday has a very similar deal.
        The Cardinals pay him from 2020-2030 and then the Yankee contract is basically to pay him from 2031-2045. When he turns 65, he stops getting paid. If you do the math with a 5% growth rate - $2 million per year from 2031-2045 is about $12 million - the current value of his Yankee contract is $17 million.

        I was also told these types of contracts are REALLY common in the NBA.

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        • #5
          Originally posted by Beagleman View Post
          I was also told these types of contracts are REALLY common in the NBA.
          Last year the 3rd highest payed player in the NBA hasn't played since 2012.

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          • #6
            The Prince Fielder contract was insured though, as are most contracts that end in injury. So it isn't as bad as it looks for him.

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            • #7
              Originally posted by IwasGunzen View Post
              The Prince Fielder contract was insured though, as are most contracts that end in injury. So it isn't as bad as it looks for him.
              The insurance only covers $9 million of it. The rest is being eaten by the Rangers and Tigers.

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              • #8
                I always had more interest in players who made good and bad decisions contract wise.


                Especially when it comes to passing on big money before free agency. Its got to be nerve-racking sweating out that last year.

                One player that always sticks out in my mind was Sox 2B Jody Reed who turned down a 4yr $15mil contract early in his walk year only to play next year for $1.2 mil while traveling to Colorado and then LA. He then turns down $9 million from LA to and barely get $3 million the rest of his career.

                To bet on me or not bet on me, that is the question.

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                • #9
                  Originally posted by beantown23 View Post
                  I always had more interest in players who made good and bad decisions contract wise.


                  Especially when it comes to passing on big money before free agency. Its got to be nerve-racking sweating out that last year.

                  One player that always sticks out in my mind was Sox 2B Jody Reed who turned down a 4yr $15mil contract early in his walk year only to play next year for $1.2 mil while traveling to Colorado and then LA. He then turns down $9 million from LA to and barely get $3 million the rest of his career.

                  To bet on me or not bet on me, that is the question.
                  Yup. Reed and his agent are the gold standard for dysfunctional career management.
                  Yet he still managed to make over $10 million in his career. So I can't feel to sorry for him.

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                  • #10
                    Latrell Sprewell made pretty bad decisions too:

                    Look up the word "shortsighted" in the dictionary and you will see a picture of Latrell Sprewell. He famously turned down a $21 million contract because he said it wasn't enough money to feed his family.

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                    • #11
                      Originally posted by FSchmertz View Post
                      The Mutts are STILL paying Bobby Bonilla. $1,193,248.20 a year.

                      Almost 6,000 days since he last played for them.

                      And they'll continue to do so until 2035.

                      http://www.espn.com/mlb/story/_/id/1...ry-july-1-2035

                      Nice pension, huh?
                      A good deal for Bonilla. I assume the team bought an annuity?

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                      • #12
                        Originally posted by cigarettesandtea View Post
                        A good deal for Bonilla. I assume the team bought an annuity?
                        Supposedly. Same with Strawberry, but his divorce plus refusal to pay the IRS meant they took it all away and sold it to the highest bidder. His deal was even better.

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                        • #13
                          Originally posted by FSchmertz View Post
                          Supposedly. Same with Strawberry, but his divorce plus refusal to pay the IRS meant they took it all away and sold it to the highest bidder. His deal was even better.
                          How's he doing now, are the Mets supporting him?

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                          • #14
                            Originally posted by Reservoir Dog View Post
                            Last year the 3rd highest payed player in the NBA hasn't played since 2012.
                            Who was that, the guy Portland drafted instead of Durant?

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                            • #15
                              Originally posted by hawkfan8812 View Post
                              Who was that, the guy Portland drafted instead of Durant?
                              Gilbert Arenas. Made $23 million last year and hasn't played a game since 2012.

                              "When Arenas signed the six-year, $111 million deal in 2008 the Wizards were hoping he would be a perennial all-star and potential MVP candidate. Instead, he dealt with injuries and declining performance, causing them to ship him (and his contract) to Orlando. He played even worse down in Florida, so the Magic used the amnesty clause on his contract in 2011. Of course, amnesty still requires that the player be paid in full. This year Arenas made over $22 million while sitting on his couch."

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