wvu_man
Active Member
Bailey's deal accelerates throughout, according to a report from Joe Kay of the Associated Press. He will receive $9MM and $10MM over the next two years, then see a significant bump to $18MM in 2016, $19MM in 2017, $21MM in 2018, and $23MM in 2019.
Notably, a significant portion of each year's annual salary will be deferred until the month of November, after the end of each season covered. Kay says that Bailey's in-season salaries will be $3MM (2014), $4MM (2015), $11MM (2016), $12MM (2017), $14MM (2018), and $15MM (2019), with the remainder deferred to the fall of each year. Likewise, the $5MM buyout of the mutual option year is deferred until the following November, if it becomed payable.
If Bailey is dealt, however, that aspect of the contract is swept away and he would receive all money during the appropriate season (or, in the case of the buyout, at the point that the option is declined). It is unclear whether the deal contains additional no-trade protection.
I never have researched contracts very often but this seems like a unique deal. Is there a reason why they're waiting to pay the majority of his yearly salary in November? The writer doesn't really get into as to why they're doing it that way. Is there an advantage in doing this as far as team payroll goes?
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