The Yankees announced that they have come to terms on a one year deal with Andy Pettitte. The deal is worth $5.5M with a potential $6.5M additional dollars with incentives. Considering the Yankees initially guaranteed $10M, this looks like a loss for Pettitte.
Not so fast. Pettitte earns $1M for the first time he walks from the dugout to the mound in the new Yankee Stadium. He earns $500,000 for every game he pitches with a sore shoulder. It seems like he'll probably earn all 12. I'm guessing the $5.5M base was just a payroll move and that most of those incentives will be easily reached by Mr. Pettitte.
Monday, January 26, 2009
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Excellent, excellent, excellent move. Mutually beneficial. And the Yankees don't overpay.
That said, we should see way more incentive-laden contracts. I'm so sick of guys batting .320 in their contract year and then .220 after they sign a huge deal.
I agree with that idea. The fact that they tend to over-perform in walk years tells me that they might not be giving it their all every other year.
if Andy finds his car in the parking lot after the first home game he gets $1M.
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