Does A-Rod's contract guarantee he is highest paid player?

Question

I keep hearing from people, and, subsequently keep telling people, that Alex Rodriguez's contract states that if any other player in MLB negotiates a higher salary than what he is getting he gets to re-negotiate his own salary. Is this true?

Answer 1

"Rodriguez may void after 2008 or 2009 unless club increases 2009-10 salary by $5M/year or $1M more than highest-paid MLB position player"

From details listed at Cot's Baseball Contracts: http://mlbcontracts.blogspot.com/2005/01/new-york-yankees_111398168678860040.html

He also has the option to void (essentially become a free agent) after the 2007 season.

Answer 2

The "fortunate 50" - top 50 maximum Paid U.S. Athletes activities Illustrated in basic terms released their annual checklist of the "fortunate 50" that's certainly their top 50 maximum paid athletes interior the U.S . To no person's marvel, Tiger Woods is extensive variety one on the checklist. the ingredient it is stunning is that he's #a million via practically a 2-a million margin. Tiger earned a jaw dropping $ninety seven.6M money this previous three hundred and sixty 5 days between his endorsements and his prize funds. there is no person who even comes close to to Tiger's $87M in endorsements. Tiger's endorsement bargains contain Nike golf, American show, Tag Hauer watches, Buick, EA activities and Accenture. the subsequent maximum paid athlete endorser is golfer Phil Mickelson, who delivered in $40M in endorsements. Mickelson, who ranks #2 average on the "fortunate 50" checklist, works with the likes of Callaway and Ford. i replaced into bowled over to confirm that Cincinnati Bengals QB Carson Palmer makes extra funds in taking part in salary than the different athlete in activities - extra or less $30M in line with three hundred and sixty 5 days. Palmer signed a 9-three hundred and sixty 5 days, $119M handle a $24M signing bonus earlier to final season. the manhattan Yankees, with a payroll of over $200M, have 5 gamers on the "fortunate 50" checklist which contain 2 interior the final 10 (Jeter and A-Rod). 0.5 the checklist is created from NBA gamers, together as in straight forward terms 12 baseball gamers and 5 soccer gamers made the cut back. there have been 3 NASCAR drivers and in basic terms one woman (welcome, Michelle Wie!).

Answer 3

yeah he has to have one million dollars more than the second highest paid player.

Answer 4

yes its true....pretty lame but what can you do.