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Thread: Per Hal, Phillips and Reds agree on long term deal

  1. #46
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    Re: Per Hal, Phillips and Reds agree on long term deal

    Here are the specifics on the deal:

    Phillips and the Reds today confirmed his new deal, which runs through 2011 and includes a club option for 2012. Phillips hit .288 with 30 home runs, 94 RBI and 32 steals in 2007.

    The new contract includes a $750,000 signing bonus and salaries of $2.75 million this year, $4.75 million in 2009, $6.75 million in 2010 and $11 million in 2011. The Reds have a $12 million option for 2012 with a $1 million buyout, and if Phillips is traded, the option becomes mutual option.

    http://news.enquirer.com/apps/pbcs.d...T04/302150042/
    Last edited by AmarilloRed; 02-16-2008 at 12:40 AM.

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  3. #47
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    Re: Per Hal, Phillips and Reds agree on long term deal

    SO, 3 years $15M - LOVE that, much better than the 3/20 people have quoted.

    4th year at $11M. Maybe a TAD too much, but 4/26 hard to argue with.

    5th year option for $12M. Love it. He'll be on the flip side of 30 by then, and we'll have to see if he is still worth the $$, if so, $12M might look like a ridiculous bargain.

    PEACE

    -BLEEDS
    I think that in a year or two, one of these guys - Frazier, Dorn, Valaika, Cumberland, Stubbs - will be ready to replace Dunn. They won't hit as many home runs as Dunn, but they should have similar OPS. - 757690, July 22, 2008

    Alonso will be playing 1B for the REDS and batting 4th one year from today. - Kingspoint, July 9, 2009

  4. #48
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    Re: Per Hal, Phillips and Reds agree on long term deal

    He would be a FA in that 11M year. It's about fair market considering he's buying out for security. But if BP was a FA, he'd get at least 15M in that year

  5. #49
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    Re: Per Hal, Phillips and Reds agree on long term deal

    Here are some of the salary incentives that are built into the deal:

    Base in 2009 increases by:
    $250,000 for Gold Glove in 2008
    $250,000 for Silver Slugger in 2008;
    $250,000 if MVP (1st thru 5th) in 2008.
    Base in 2010 increase by:
    $250,000 for Gold Glove in 2009
    $250,000 for Silver Slugger in 2009
    $500,000 for MVP (1st thru 5th) in 2009.
    Base in 2011 increases by:
    $250,000 for Gold Glove in 2010
    $250,000 for Silver Slugger in 2010
    $750,000 for MVP (1st thru 5th) in 2010.
    Base in 2012 increases by:
    $250,000 for Gold Glove in 2010
    $250,000 for Silver Slugger in 2011
    $750,000 MVP (1st thru 5th) in 2011.
    Plus:
    $25,000 for All Star; $50,000 for LCS/MVP; $100,000 for WS/MVP.
    Player will make annual donation to Reds Foundation.

  6. #50
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    Re: Per Hal, Phillips and Reds agree on long term deal

    If Chase Utley wasn't in the league he'd be making about 2M more.

  7. #51
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    Re: Per Hal, Phillips and Reds agree on long term deal

    Glad to see this finally got done before spring training.
    "When all you have is a hammer, everything looks like a nail"


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