Details on Nick Johnson’s contractBy
The Yankees and Nick Johnson finalized their one year agreement two days ago, bringing the lefty swinger back to the Bronx six years after he was traded away. The basics of the deal are well known ($5.5M for 2010 with a mutual option for 2011), however the AP has some of the minor details:
- The 2011 option is for the same base salary with a $250,000 buyout. If Johnson comes to the plate at least 550 times next year, the buyout jumps to $500,000. Both sides have to pick up the option for it to kick in.
- The guaranteed value of the option year can increase to $6M with 500 plate appearances in 2010, $6.5M with 550 plate appearances, and $7M with 600 plate appearances.
- Johnson could potentially pocket another million bucks in both years of the deal with plate appearance based incentives: $50,000 each for 400 and 425 trips to the plate, $75,000 each for 450 and 475, and $125,000 each for 500, 525, 550, 575, 600, and 625 plate appearances.
- If both sides pick up the mutual option and Johnson reaches all of the incentives, he’d take home a total of $14.5M.
There doesn’t appear to be any no-trade protection or any other benefits like that, which is always a plus. Hopefully Nick The Stick stays healthy and it’s $14.5M well spent.