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Breaking down Jeter’s contract bonuses

Dec 10, 2010, 3:30 PM EDT

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Ken Davidoff of Newsday reports on the specifics of Derek Jeter’s contract, including some of the bonus terms:

  • $4 million for winning the MVP Award;
  • $2 million for placing second through sixth in the MVP voting;
  • $1.5 million for winning the Silver Slugger award;
  • $500,000 for winning the Gold Glove;
  • $500,000 for winning the LCS MVP Award; and
  • $500,000 for winning the World Series MVP.

The MVP bonuses seem unlikely.  I could see him winning a Silver Slugger, though, because shortstop is a pretty thin position these days. All it would take is a moderate bounce back season for Jeter, which I think is pretty likely. Gold Glove? Well, he’ll probably win one because everyone is nuts when it comes to the Gold Glove, but note that it’s only $500K. Seems that the Yankees don’t value it much either.

If the Yankees win the LCS or the World Series I suppose it’s not a horrible bet that Jeter could win their MVP awards. I mean, Edgar Renteria did it, so it’s not like it requires someone to be at the peak of their career. And besides, of the Yankees are winning the pennant and the World Series, the Yankees are happy anyway so Jeter’s contract clauses won’t bother them in the least.

  1. WhenMattStairsIsKing - Dec 10, 2010 at 3:44 PM

    I hate these bonuses in contracts. Every player should just automatically play their best for the team period; not be geared towards awards that give them more money they don’t need.

    • quintjs - Dec 10, 2010 at 3:48 PM

      just think of it as a simple way to do performance based pay for baseball players.

  2. Panda Claus - Dec 10, 2010 at 3:56 PM

    Well we know he’s going to get that $500K Gold Glove bonus when he gets rubber stamped for that award again next season.

  3. uyf1950 - Dec 10, 2010 at 4:20 PM

    I think most objective fans would have to admit the most Jeter will earn in incentives is between $1M and $3M. So it looks like his 2014 contract should he exercise the player option will earn him a low of $8M (guaranteed) to a high of $11M (on the high side).

  4. paperlions - Dec 10, 2010 at 4:40 PM

    He’s getting $17M/year….shouldn’t one expect that a player paid that much perform at an MVP level at least once during the contract? I mean, they are already paying for that level of performance (highest paid MIF in MLB), why should they have to add on more money for him playing to his pay grade?

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