11-27-2007, 07:59 AM
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#8
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Redsmetz
Join Date: Feb 2006
Location: Winton Place
Posts: 10,449
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Re: Braves appear close to signing Glavine
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Originally Posted by RedlegJake
Anyone know if Colorado is still paying Hampton's salary? I think they are.
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According to Cot's, it's almost a "who's on first" scenario...
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$20M signing bonus
$1M to charity, $19M deferred to 2009-18 at 3% interest
01:$8M, 02:$8.5M, 03:$11M, 04:$12M, 05:$12.5M, 06:$13.5M, 07:$14.5M, 08:$15M, 09:$20M club option $6M buyout
Colorado to pay $49M ($20M signing bonus, $8M in 2001, $8.5M in 2002, $2M in 2003, $2M in 2004, $2.5M in 2005, $6M buyout in 2009).
Florida to pay $23.5M ($7M of 2003 salary, $8M in 2004, $8.5M in 2005).
Atlanta to pay $48.5M ($2M of 2003 salary, $2M in 2004, $1.5M in 2005, $13.5M in 2006, $14.5M in 2007, $15M in 2008).
award bonuses: $0.15M (WS MVP), $0.1M (CY, LCS MVP), $50,000 (2-5 CY vote), $25,000 (All Star, Gold Glove Silver Slugger)
3 years/$12M (1998-2000)
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So, Atlanta's on the hook for the bulk this year, but Colorado still has the buyout hanging out there. I don't know how the deferred money is split. That is one ugly contract, even if he'd performed at top form.
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