Price cashing in
The Rays signed No. 1 overall pick David Price to a six-year, $8.5 million deal Wednesday, but Price could make up to $11.25 million, depending on how much time he spends in the majors. Here's how it breaks down.
Signing bonus: $5.6 million
2007: Minors $500,000, Majors $500,000
2008: Minors $100,000, Majors $650,000
2009: Minors $150,000, Majors $750,000
2010: Minors $200,000, Majors $1,000,000
2011: Minors $650,000, Majors $1,250,000
2012: Minors $1,300,000, Majors $1,500,000
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I am not experienced in all the free agent/draft contracts, but is there any reason his minor league salary is so close to his major league salary in the final year of his contract ( much more so than 09, 10, and 11)? Is it just a way of guaranteeing $$?
Posted by: Drew | August 17, 2007 at 09:30 AM
I would assume its so the DR don't keep in in the minors for that long. Consider it a penalty for not developing him better. By 2012 they should have given him support to have him in their rotation.
Posted by: joe | August 17, 2007 at 10:42 AM