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Baseball Contracts

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Bobby Bonilla Day Reaches 16th Installment as Mets’ Deferred Pay Continues to 2035
sports10 days ago

Bobby Bonilla Day Reaches 16th Installment as Mets’ Deferred Pay Continues to 2035

July 1 marks the 16th Bobby Bonilla Day, with the former Mets star collecting about $1.2M from a 2000 contract buyout; his deferred payments began in 2011 and have totaled $19,091,971.20, continuing annually on July 1 through 2035. He also has a separate deferred deal with the Orioles for $500K each July 1 through 2028. The Mets’ buyout, negotiated after his 1999 season and release in 2000, will total about $29.8M by the final payment. Steve Cohen has teased Citi Field celebrations for Bonilla Day, though none are set; Bonilla’s MLB career ended after 2001.

via Bleacher Report|
#baseball-contracts#bobby-bonilla#deferred-payments
MLB Draft 2025: Day One Highlights and Surprises
sports1 year ago

MLB Draft 2025: Day One Highlights and Surprises

The MLB Draft 2025 saw the Washington Nationals pick Eli Willits first overall, with a slot value of over $11 million, amidst a total bonus pool of $350 million for all teams. Teams can sign players below or above their slot values, affecting their bonus pool and draft strategies. The draft continues with rounds four through 20, and rookie salaries in the minors and majors are also outlined.

via Yahoo Sports|
#baseball-contracts#bonus-pool#draft-slot-values
Bobby Bonilla's Deferred Contract Continues to Pay Off for Mets
sports1 year ago

Bobby Bonilla's Deferred Contract Continues to Pay Off for Mets

Bobby Bonilla, a former Mets player, receives $1.19 million every July 1 until 2035 due to a deferred payment deal made in 1999, which has become a celebrated event among Mets fans known as 'Bobby Bonilla Day.' The deal, originally linked to Bonilla's departure from the team, is notable for its long-term payments and the team's embrace of the annual occasion.

via Newser|
#baseball-contracts#bobby-bonilla#deferred-payments
Juan Soto's Move to Mets Marks New Era in NY Baseball Rivalry
sports1 year ago

Juan Soto's Move to Mets Marks New Era in NY Baseball Rivalry

Juan Soto has signed a record-breaking $765 million, 15-year contract with the New York Mets, signaling a new era for the team under owner Steve Cohen. Soto, who previously played for the Washington Nationals and San Diego Padres, was convinced by Cohen's vision of winning multiple championships. The Mets' aggressive financial strategy and Cohen's commitment to transforming the team's reputation played a crucial role in securing Soto, despite competitive offers from other top MLB teams.

via Sports Illustrated|
#baseball-contracts#juan-soto#mlb
Juan Soto's Future: Mets, Money, and Market Moves
sports1 year ago

Juan Soto's Future: Mets, Money, and Market Moves

Juan Soto has signed a record-breaking $765 million contract with the New York Mets, drawing comparisons to baseball legend Ted Williams due to his exceptional on-base skills and plate discipline. Through age 25, Soto's statistics closely mirror those of Williams, making him a modern-day equivalent in terms of hitting prowess. As Soto's career progresses, his unique blend of patience, power, and focus suggests he could achieve historic milestones, potentially rivaling the likes of Barry Bonds.

via The Athletic|
#baseball-contracts#juan-soto#mlb
Nathan Eovaldi Rejoins Rangers with Three-Year Deal
sports1 year ago

Nathan Eovaldi Rejoins Rangers with Three-Year Deal

The Texas Rangers have signed pitcher Nathan Eovaldi to a three-year, $75 million deal, despite financial uncertainties related to their Regional Sports Network deal. This move comes after another target, Max Fried, signed with the New York Yankees. The Rangers' President of Baseball Operations, Chris Young, emphasized the importance of pushing ownership to invest in the team. The deal is structured to accommodate potential financial challenges in 2025, and the Rangers are still looking to strengthen their roster, including pursuing Japanese pitcher Roki Sasaki and free agent Joc Pederson.

via The Dallas Morning News|
#baseball-contracts#free-agency#mlb
Giants Secure Willy Adames with $182M Deal, Outpace Braves and Red Sox
sports1 year ago

Giants Secure Willy Adames with $182M Deal, Outpace Braves and Red Sox

The San Francisco Giants have signed free-agent shortstop Willy Adames to a seven-year, $182 million contract, marking a significant move by Buster Posey in his role as the club's president of baseball operations. This deal surpasses Posey's own record contract with the Giants and signals the team's aggressive approach to strengthening their roster. Adames, known for his leadership and defensive skills, joins third baseman Matt Chapman as part of the Giants' strategy to enhance their infield. The signing reflects Posey's commitment to addressing team needs and competing in the National League West.

via The Athletic|
#baseball-contracts#buster-posey#mlb-free-agency
Giants Secure Willy Adames with Record $182M Deal
sports1 year ago

Giants Secure Willy Adames with Record $182M Deal

Willy Adames, a standout shortstop for the Milwaukee Brewers, has signed a seven-year, $182 million contract with the San Francisco Giants, marking the end of his successful tenure in Milwaukee. The Brewers, who will receive a compensation draft pick, now face the challenge of replacing Adames's power and presence in their lineup. Adames leaves as the second-best shortstop in Brewers history, behind Robin Yount, and his departure is seen as a necessary financial decision for the team.

via Brew Crew Ball|
#baseball-contracts#milwaukee-brewers#mlb-free-agency
Giants Secure Willy Adames with $182M Seven-Year Deal
sports1 year ago

Giants Secure Willy Adames with $182M Seven-Year Deal

Willy Adames has signed a seven-year, $182 million contract with the San Francisco Giants, marking the largest deal in the franchise's history. The 29-year-old shortstop, who had a career-best season with the Milwaukee Brewers, was a top target in the free-agent market, with interest from teams like the Braves, Dodgers, and Yankees. Adames' move to the Giants follows a successful stint with the Brewers, where he hit 107 home runs and earned MVP votes.

via New York Post |
#baseball-contracts#milwaukee-brewers#mlb-free-agency
Luis Severino Joins A's with Record $67M Contract
sports1 year ago

Luis Severino Joins A's with Record $67M Contract

The Oakland Athletics have signed free agent pitcher Luis Severino to a three-year, $67 million contract, marking the largest deal in franchise history. The contract includes a $10 million signing bonus and an opt-out after the second year. This move is part of the A's strategy to boost their payroll as they prepare to relocate to Las Vegas. Severino, who had a resurgence with the Mets in 2024, will lead the A's rotation, though his past injuries and current performance suggest he may no longer be an ace-level pitcher.

via MLB Trade Rumors|
#baseball-contracts#luis-severino#mlb-free-agency
Dodgers Secure Blake Snell with $182M Deal in Free Agency
sports1 year ago

Dodgers Secure Blake Snell with $182M Deal in Free Agency

Blake Snell has signed a five-year, $182 million contract with the Los Angeles Dodgers, including a $52 million signing bonus. Despite a challenging previous season with the San Francisco Giants, Snell's impressive second-half performance and past accolades, including two Cy Young Awards, made him a valuable acquisition. The Dodgers, aiming to bolster their rotation, will integrate Snell alongside other notable pitchers like Shohei Ohtani and Clayton Kershaw. Snell's deal reflects the modern MLB trend of prioritizing quality over quantity in pitching.

via The New York Times|
#baseball-contracts#blake-snell#cy-young-award
Yankees' Judge Advocates for Soto Amid Free Agency Speculation
sports1 year ago

Yankees' Judge Advocates for Soto Amid Free Agency Speculation

Juan Soto's free agency decision is highly anticipated, with the New York Yankees and New York Mets both vying for the star player. Predictions suggest Soto could sign a record-breaking contract, potentially exceeding $700 million, with the Mets currently seen as the frontrunners. His choice will significantly impact the baseball landscape in New York, as both teams offer lucrative deals and the promise of future success. The decision is expected to prioritize financial terms, despite Soto's reported focus on winning.

via Heavy.com|
#baseball-contracts#juan-soto#mlb-free-agency