Below are the recently hammered out details of Wake's new deal. It comes as no surprise that it is incentive-laden, which will require the 73 year old knuckleballer to maintain some semblance of health in order to reach financial milestones. Thanks to EEI's Alex Speier for the specifics:
Base salary is $3.5m in 2010 and $1.5m in 2011.
Bonuses in 2010: Wakefield receives $50,000 each for starts 11-15; $75,000 each for starts 16-25; and $100,000 each for starts 26-30. (Max potential earnings: $5 million.)
Escalator clause for base salary in 2011: Wakefield’s 2011 base salary can increase, based on the number of innings he throws in 2010. If he throws 130 innings this coming season, his 2011 base salary increases to $2 million; he throws 160 innings in 2010, he would earn a $3.5 million base.
Bonuses in 2011: Wakefield’s potential bonuses for 2011 will depend on the base salary:
If the base salary is $1.5 million (after fewer than 130 innings in 2010): $100,000 each for starts 11-15; $200,000 each for starts 16-25, and $250,000 each for starts 26-30. (Max potential earnings: $5.25 million.)
If the base salary is $2 million (if he throws at least 130 innings but fewer than 160): $75,000 each for starts 11-15; $150,000 each for starts 16-20; $200,000 each for starts 21-30. (Max potential earnings: $5.125 million.) If the base salary is $3.5 million (provided Wakefield throws at least 160 innings in 2010), the bonuses are the same as in 2010: $50,000 each for starts 11-15; $75,000 each for starts 16-25; and $100,000 each for starts 26-30. (Max potential earnings: $5 million.)
This reminds me that y=mx+b. It also tells me that Wake is a warrior. I would have hung up the cleats 5 years ago if I were him, but he loves the game and is always a valuable member of the pitching staff. If you don't like and admire Tim Wakefield, then you might as well kick puppies for a living, because you're just a bad person.
2 comments:
Still a good deal for the Sox. I'd be surprised if he hits many of those incentives though.
He's 73 now? He looks good for his age.
Jimmy,
I agree he'll unlikely hit many of those incentives. However, odds are he'll be a valuable inning-eater and spot starter. Especially if/when Dice-K doesn't make it back from Japan for his fist few starts.
...kidding...kinda.
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