A-Rod passes Griffey as MLB nixes historic bonuses

Alex Rodriguez hit his second home run of the season against the Red Sox yesterday which was his 631st of his career, putting him in sole possession of 5th place on the all-time home run list.

Up next is Willie Mays at 660, whom Alex could catch if he hits just 29 more home runs this season.

The rest are going to have to wait. Babe Ruth has 714 career homers or 83 more than A-Rod. Hank Aaron is No. 2 all-time with 755 homers and of course Barry Bonds leads everyone with 762.

What most people know is that Alex Rodriguez has a historic bonuses clause in his contract which will pay him $6 million each time he reaches one of these upcoming milestones. That was actually in the news on Friday because MLB has done away with these so called historic bonus clauses and personal service contracts, according to Jayson Stark of ESPN.

This doesn’t mean the Yankees can get away with their stupidity as A-Rod’s contract remains unaffected by this. It just seems silly that the MLB now has a rule protecting owners from handing out these silly clauses that in A-Rod and Albert Pujols‘ cases make terrible contracts even worse.

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3 Responses to A-Rod passes Griffey as MLB nixes historic bonuses

  1. David says:

    No More Personal Service Deals & Milestone Bonuses

    Personal service deals and milestone bonuses aren’t considered guaranteed money and therefore don’t count against the luxury tax, according to Jason Stark. Existing contracts with these deals or bonuses won’t be affected by the changes, which were also agreed to this month. Therefore, when Alex passes Willie Mays 30 home runs from now, and passes Babe Ruth in 2014, these $6M bonuses will not add to the the luxury tax. So if I understand this properly, that agreement will especially help in 2014 where we need to be under the $189 MM threshold to avoid the 50% tax.

    David

  2. Greg Corcoran says:

    I agree with David here. Bud Selig was quoted saying that he did not want teams using these types of incentives to circumvent the luxury tax. To me, that means that these deals don't count towards the luxury tax. It is taking what Selig said a bit out of context, but if he means what he said then that means A-Rods milestones won't hurt the Yankees. Sounds good to me.

  3. dave stadler says:

    Alright A-Rod keep it going I remember when you were with the Appleton Foxes. Have acouple of hats sign by A-Rod so keep hitting them out of the park make me some money.