Rodriguez Could Earn an Extra $6 million each in Special Bonuses Based on Homerun Milestones
Only a physical and the wording of the contract remain for Alex Rodriguez to reunite with the New York Yankees, as the Commissioner’s Office and the MLB Players Association have signed off on the unique record-breaking contract that will pay a guaranteed $275 million over 10 years.
But, those figures could be augmented further with certain nonguaranteed bonuses, based A-Rod’s ability to reach key homerun milestones. If he were to meet all those milestones, he would earn a total of $305 million over the life of the contract agreement. As reported by the NY Times:
In the approved agreement, Rodriguez will share in revenue the Yankees generate by marketing his home run milestones. Rodriguez, who on Aug. 4 became the youngest player to hit 500 home runs, finished the season with 518. He needs 245 home runs to surpass Barry Bonds if Bonds, who has been indicted on perjury and obstruction of justice charges, does not play again.
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.
As further reported, the Yankees have historically not doled out award bonuses. Given Rodriguez’ durability, and chances of becoming the all-time homerun leader, the Yankees are making the exception but not without strings attached.
Rodriguez has agreed to certain special marketing appearances tied with homerun milestones. These appearances are on top of the appearances as part of the player’s Basic Contract.
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