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Monday, April 01, 2013
Breakdown of Posey's contract - McCovey Chronicles
It's a good time to be Buster Posey.
from McCovey Chronicles:
Breakdown of Posey's contract - McCovey Chronicles:
A breakdown of the money, by way of John Shea:
Signing bonus: $7 million
2013: $3 million
2014: $10.5 million
2015: $16.5 million
2016: $20 million
2017: $21.4 million
2018: $21.4 million
2019: $21.4 million
2020: $21.4 million
2021: $21.4 million
2022: Team option for $22 million with a $3 million buyout
That's a spicy meatball. The odds are pretty good that Posey will be an expensive first baseman by 2022. But check out what the top salaries looked like ten years ago. Barry Bonds made $15 million, and he was the 11th-highest paid player. Jeff Bagwell was a star making Aaron Rowand money. This is what economists like to call "The Money Getting Bigger but Meaning the Same Effect", but I've come up with a simpler term: inflation. So that $22 million is probably going to look a wee different in the future.
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