Yanks and Rodriguez Receive Approval for Marketing Deal

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MLB & MLBPA Approve A-Rod HR $ Marks
Published 11/25/2007 by Steve Lombardi at WasWatching.com
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 ...

Bronx Banter: Lettuce Entertain You
Published 11/25/2007 at Baseball Toaster
The Yankees and Scott Boras are still grinding out Alex Rodriguez's contract. Yesterday some details emerged about the milestone bonuses that will be included. Seems the contract will get around the fact that player contracts are not allowed to include bonuses connected to performance by terming each milestone along the way to the career home run record an "event," and then compensating Rodriguez handsomely for personal appearances and memorabilia connected to each event (specifically career home runs 660, 714, 755, and the eventual career record). It's all just a ...

A-bonanza
Published 11/27/2007 by Earl at The GYS Network
... says it all.) He gets $6M each time he reaches a milestone in career homeruns - passing Willie Mays (660); Babe Ruth (714); Hank Aaron (755), and 2007 Barry Bonds (762); then $6M for breaking the all-time HR record. (The NYT says he needs to tie, not pass, each milestone to collect his money.) Given that Bonds may never play baseball again, that's a lot of money in a short period of time - $6M for #755, then 7 HR later he gets $6M for #762, and another $6M for the one after that. That's $18M in what will probably be a single season, plus the $27.5M of his ...