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Friday, November 14, 2008

Cy Young Award triggers over $1 million in incentives to Cliff Lee

From Cot's Contracts: CLIFF LEE, lhp 4 years/$15M (2006-09), plus 2010 club option
  • signed extension 8/06
  • $1M signing bonus
  • 06:$0.75M, 07:$2.75M, 08:$3.75M, 09:$5.75M, 10:$8M club option ($1M buyout)
  • price of 2010 option increases to:
  • award bonuses: $0.1M for All Star selection, $0.25M for Cy Young, $0.15M for 2nd or 3rd in Cy Young vote, $75,000 for 4th or 5th in Cy Young vote
  • replaced deal signed 3/06 for 1 year/$0.4062M (2006)
  • 1 year/$0.345M (2005)
    • re-signed 2/05
    • split contract paying $242,600 in min0rs
  • 1 year/$0.3032M (2004)
  • 1 year/$0.3009M (2003) 3/03
  • agent: Darek Braunecker
  • ML service: 4.100

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