Old Deal Tex NYYAssignment Bonus: The $36 million in deferred money from the original contract is converted to an assignment bonus, guaranteeing the money against work stoppages. The interest rate on the deferred money will be lowered from the original 3% to 1.75% starting with the date of the trade, and the money will be paid each June 15 from 2016-25 instead of the original schedule of 2011-20.
Signing Bonus $10
Assignment Bonus $36
2001 $21 ($5) $16
2002 $21 ($4) $17
2003 $21 ($3) $18
2004 $21 ($3) $ 3 $15 ($1)
2005 $21 ($3) $ 6 $15 ($1)
2006 $21 ($3) $ 6 $15 ($1)
2007 $21 ($3) $ 7 $16 ($1)
2008 $21 ($3) $ 8 $16
2009 $21 ($3) $ 7 $17
2010 $21 ($3) $ 6 $18
$252 ($36) $140 $112 ($4)
(Deferred $ in paraenthesis)
Assignment Bonus will be paid:
2016: $5 million plus accrued interest
2017: $4 million plus accrued interest
2018: $3 million plus accrued interest
2019: $3 million plus accrued interest
2020: $4 million plus accrued interest
2021: $4 million plus accrued interest
2022: $4 million plus accrued interest
2023: $3 million plus accrued interest
2024: $3 million plus accrued interest
2025: $3 million plus accrued interest
New Deferred Money: The Yankees will defer $1 million annually from 2004-07 without interest, to be paid on January 15, 2011.
Holdover Provisions Opt Out: Player may terminate contract after 2007, 2008 or 2009 seasons. Escalator Team must increase salaries for 2009 and 2010 by the higher of $5 million or $1 million greater than the average annual value of the non-pitcher with highest annual average value.
No Trade Clause: Player may not be traded without his permission.
Award Bonuses:
MVP: $500,000
2nd MVP: $1 million
3rd or more MVP: $1.5 million
MVP voting 2nd-5th: $200,000
MVP voting 6th-10th: $100,000
All-Star selection/election: $100,000
Most All-Star votes in League: $100,000
Baseball America/Sporting News/UPI/AP/USAToday All-Star Team: $100,000
World Series MVP: $200,000
LCS MVP: $150,000
LDS MVP: $150,000
Gold Glove: $100,000
Silver Slugger: $100,000
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