Thursday, July 19, 2007

I'm in the Wrong business

Ichiro Suzuki is a darned good baseball player; no one will argue that. But, he may be even smarter than he is talented. Well, that, or his agent is smart and has large cajones. The slap-hitting outfielder just signed a contract extension that locks him up with Seattle through 2012. I think it's a good move by the Mariners. But, his contract is simply awesome, from the player's standpoint.

First, he'll get paid $12 million/year for the next 5 seasons under this deal. He also received a $5 million signing bonus...but it gets better. He will continue to receive $32,000 additional per year as a housing allowance with that amount increasing $1,000 per year, each year. Next, he will be provided with either a Jeep or Mercedes SUV to drive each season. On top of that, he gets 4 First-Class seats from Japan each year to allow his family to visit him in the Northwest US in style. Under this contract, he also has a team-hired translator (concierge) that is with him at all times during the season. Lastly, and I think the best of all, He'll receive $5 million each year (from 2012 to 2032) as salary deferment. That's a comfy retirement. In 2012, Ichiro will be 38...so, I would think he'd sign at least one more 2-season contract (since he's light weight and doesn't beat on his body too badly) which will pay him a dollar or two.

I know, I know, some might argue that Ichiro is actually doing the team a favor negotiating his contract in this manner, but I see it completely different. I guess this is a contract that makes all sides happy. Where do I sign up?

4 comments:

Anonymous said...

Don't forget, thanks to the MLBPA...he gets per diem for meals when he's on the road!! You know, it's hard to find Taco Bell money when you are scraping by on $12mil a year.

boilerdowd said...

Easy- do you know that number by any chance? I'm sure it's a bit more than $40/day.

Anonymous said...

I have a hard time getting upset at the players or agents when I see contracts like this. It is pretty much on the owners and the league to put an end to it. They won't because if just one of them decides to break rank, then the dam breaks and they all just pile on again.

Go to Forbes website and look up their information on MLB.

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