League Baseball Player Contract

A major league baseball player contract is usually negotiated by a sports agent who works on behalf of a baseball player. Sports agents negotiate the terms of a major league baseball player contract, often securing higher salaries and extra perks for their clients. Signing bonuses are paid to players who sign a major league baseball player contract, and often signing bonuses are large sums of money, over a million dollars for the best players. These signing bonuses are in addition to the annual salary that they will make playing under contract for the team. Other bonuses, such as bonuses for milestones and other performance based accomplishments, are often negotiated for in a major league baseball player contract. A major league baseball player contract may be guaranteed, meaning that a team is obligated to pay the salary of the player, even if the player is cut from the team or becomes injured and is unable to play. In some cases, a clause may exist in a major league baseball player contract that allows for a fee to be paid in order to terminate a guaranteed contract early.

Fast Facts

  • Ichiro Suzuki's 2007 Seattle Mariners contract extension contained perks including an interpreter, plane tickets to Japan, and a Jeep or Mercedes SUV.
  • In 1972, Oakland A's owner Charlie Finley offered his players cash bonuses to grow mustaches by Father's Day.

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