02-17-2009, 02:27 PM
SERP deep cover ops
Join Date: Apr 2000
Location: In the Ether
Re: Reds, Encarnacion Work Out Deal
Originally Posted by OnBaseMachine
Things I'm told
The Reds avoided arbitration and reached agreement on a two year deal with Edwin Encarnacion this morning.
Edwin made $450,000 in 2008. He had requested 3.7 mill in arbitration. The Reds had offered 2.55 mill.
Total deal: $7,600,506
Signing bonus - $850,000, payable between March 2009 and November 2009.
Plus: $25,000 for 600 plate appearances
Plus: $25,000 for All Star; $50,000 for LCS/MVP;
$100,000 for WS/MVP; $50,000 for Gold Glove; $50,000 for Silver Slugger.
Edwin will donate 1% of base salaries and signing bonus to Reds Community Fund.
They should have taken the $850,000 signing bonus and tied it into the Gold Glove bonus...that'd be a sure thing. If he qualifies for a GG, he'll be worth a lot more than $2.9Mil.
"It doesn't get any better than this," --Marty Brennaman