Showing posts with label Contract Details. Show all posts
Showing posts with label Contract Details. Show all posts

Thursday, December 13, 2012

Details of David Wright's New Contract Extension

Below are the details of David Wright’s new eight-year, $138-million contract:

2013: $11 million
2014: $20 million
2015: $20 million
2016: $20 million
2017: $20 million
2018: $20 million
2019: $15 million
2020: $12 million

Wright will defer $3 million without interest in 2013, then $2.5 million per year from 2014-2018.

The $15.5 million in deferred money owed by the Mets to David Wright in the third baseman's new contract will be paid in equal installments from 2021 through 2025.

Wright will receive $3.1 million per year during that five-year span. His eight-year deal expires in 2020.

Wright agreed to defer the money without interest. 

Monday, January 16, 2012

San Francisco Giants and Angel Pagan Agree on 1 Year Deal

PaganAccording to ESPN, the San Francisco Giants and outfielder Angel Pagan agreed to a $4.85 million, one-year contract that avoided arbitration.

Pagan was acquired during last month's winter meetings from the New York Mets for outfielder Andres Torres and reliever Ramon Ramirez.

The 30-year-old Pagan, who replaced mentor Carlos Beltran in center field while with New York, is a switch-hitter with speed. He batted .262 with seven home runs and 56 RBIs last season, down from .290 with 11 homers and 69 RBIs in 2010. Beltran moved to right field for the Mets in spring training before he was traded to the Giants in late July. After an injury-plagued stint in the Bay Area that saw the 2010 World Series champions miss the playoffs, Beltran departed to the St. Louis Cardinals on a two-year contract.

Pagan's deal includes $150,000 in performance bonuses: $50,000 each for 550, 600 and 650 plate appearances.

Thursday, January 05, 2012

Mets contract details for Frank Francisco and Jon Rauch

According to Adam Rubin of ESPN NY, here are the precise terms of the contracts relievers Frank Francisco (two years, $12 million) and Jon Rauch (one year, $3.5 million) agreed to in December.

Francisco's contract is slightly backloaded, with $5.5 million owed in 2012 and $6.5 million in 2013. There are no performance incentives.

Rauch can earned $500,000 in performance bonuses in addition to his $3.5 million salary, all based on games finished.

He gets $50,000 apiece for finishing 30 and 35 games, $75,000 apiece for finishing 40 and 45 games, and $125,000 apiece for finishing 50 and 55 games.

Rauch's highest games-finished total came in 2008, when he had a combined 51 with the Washington Nationals and Arizona Diamondbacks while tallying 18 saves.

Francisco has been anointed as the closer by Terry Collins.
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