• MLB & MLBPA Approve A-Rod HR $ Marks

    Posted by on November 24th, 2007 · Comments (3)

    From Murray Chass

    Rodriguez and the team have reached an agreement in principle on the contract, said a major league official on condition of anonymity because he was not authorized to speak about the deal. Only contract language and a physical for Rodriguez remain to be completed.

    Rodriguez will make $275 million over 10 years in his Yankees contract, which becomes the biggest baseball contract ever.

    The nonguaranteed part of the contract will be the marketing agreement, which the commissioner’s office and the players union have approved. The Yankees and Rodriguez had to keep changing the nature of the agreement to gain approval because players cannot receive bonuses for achievements like home run totals.

    In the approved agreement, Rodriguez will share in revenue the Yankees generate by marketing his home run milestones.

    Under the agreement, Rodriguez will receive $6 million when he reaches each of five milestones: the career home run totals of Willie Mays (660), Babe Ruth (714), Henry Aaron (755) and Barry Bonds (762), and when he breaks the record.

    He will get the marketing money in exchange for making certain appearances linked to his home run milestones over and above what players are required by their contracts to do.

    Interesting move by the Yankees. The 2007 Bill James Handbook gave A-Rod a 90% chance at 600 career homers, a 50% chance at 700 lifetime dingers, and a 31% chance at reaching 756 big flies. If you believe those marks, then there’s a good chance that Alex never sees close to 80% of that “milestone” money. Still, $27.5 million a year for the next decade ain’t exactly roughing it.

    Comments on MLB & MLBPA Approve A-Rod HR $ Marks

    1. baileywalk
      November 25th, 2007 | 1:38 am

      Anyone ever do a study on how often Bill James is correct?

    2. November 25th, 2007 | 8:19 am

      FWIW, The 2006 Bill James Handbook gave Barry Bonds a 28% chance at reaching 756 big flies. That’s close to what the 2007 Bill James Handbook gave A-Rod. And, Barry made it.

    3. November 25th, 2007 | 10:51 pm

      so when Arod k’s on a 3-2 slider in the dirt, how will we (or anyone) know he didn’t care more about homering than taking a walk? after all, he aint getting $6 mil for OBP. this contract gets more and more ridiculous everytime i hear about it.

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