Report: Yankees preparing to offer Rivera pay cut

The Don't Needs
Prospect Profile: Ty Hensley

Via Bob Klapisch: The Yankees are preparing a contract offer for Mariano Rivera, and it includes a pay cut from this year’s $15M salary. Exact details of the offer are unknown, but one team official said “there’s just no way” he could expect the same salary in 2013.

Rivera, 43 later this month, recently informed the team of his decision to return next season. The Yankees got Andy Pettitte to take a substantial pay cut following his subpar 2008 season, but incentives eventually pushed the value of that deal back up into his usual salary range. I suspect we’ll see something similar here. A lower base salary with a bunch of easily attainable incentives that could bring the deal back into the $15M range.

The Don't Needs
Prospect Profile: Ty Hensley
  • Ted Nelson

    Not offering him a QO pretty much gave this away. He’s not likely to sign anywhere else, but it also costs the Yankees next to nothing to hedge their bets by making him an offer if they think they’ll eventually give him a base salary higher than $13.3 million.

  • Drew

    This does not surprise me at all. The budget next year, plus the Yankees new hardline stance of not paying for past performance (Jeter).

  • tipsie

    Just musing here: I love Mariano as much as anyone, but wonder how he could be “insulted” with a one year $~8-10M offer (without incentives), considering: age / how he was injured / who paid for rehab / how much $ that really is

  • Eddard

    Mo doesn’t play for money, he plays for love of the game. He will be back and will meet all the incentives the Yanks throw at him because he’s still at the top of his game at 43. Do you really think Mo and Andy come back for a couple more million? They come back because they love to compete and love the game.

    • Sean C

      I’m sure the extra millions don’t hurt.

    • Virginia Yank

      Mo has shown in the past that the money is important to him, as it is representative of the amount of respect the team gives. Hence, his suggestion he’d play for the Red Sox last contract negotiation time. No doubt he loves the game very much, but what the money means to him is important too.

    • Jimmy Jam

      Ha! Mo’s one of the toughest negotiators on the team. He most definitely plays for money.

  • Cris Pengiucci

    There was no need for anyone in the Yankee Front office to come out with this statement. Negotiate in private, especially for players like Mo, Andy & Hiroki. They deserve that. This is what caused the riff with Jeter & camp during the last negotiations. While I understand “preparing the fan base in case”, but I don’t think that’s necessary in these cases, especially with Mo.

  • jjyank

    Sounds about right. Offer him a lower base with incentives that could push it in the QO/$15 mil region.

    • MannyGeee

      agreed. start at 10, incentives to 16. I’d gladly watch the Yankees pay that if he closes 40 games in typical MO fashion.

  • Rich in NJ

    Rivera should expect, and accept, a significant pay cut, which can by negated with performance bonuses.

    • Ted Nelson

      I don’t believe performance bonuses are allowed. Only playing time.

      • jjyank

        I’m a bit fuzzy on the exact rules, but I think some are allowed. For example, A-Rod has bonuses for passing names on the home run list. Didn’t Fransisco Rodriguez also have an option that vested for a certain number of saves a year or two back as well?

        • Cris Pengiucci

          ARod’s HR bonuses are “Marketing” bonuses, so they’re technically not performance based. (Definitely stretching the rules a bit here.) Don’t know about Fransisco Rodriquez’s bonuses.

        • Steve

          ARods marketing bonuses (or I guess replicating them) were specifcially addressed and outlawed as part of the new CBA. It’s the reason Pujols didn’t get similar ones.

          • jjyank

            Ahh okay. That makes sense.

      • Rich in NJ

        OK. If so, then condition it on playing time, which in some ways can equate to performance, since a player usually doesn’t reach those milestones unless he performs well.

      • steve (different one)

        The bonuses would be tied to “games finished”, which to a closer, loosely approximates performance.

        So you’re both right.

  • mt

    We all agree that some pay cut should be done here – but I do agree that the leaking of this information regarding Mo’s offer is not good (as reporters will flock to Mo’s agent Cuza to ask him for a public comment on whether Mo is willing to take a salary cut) – negotiations with icons like this should be in private if at all possible.

    Yanks are very good at stealth dealings that no one sees coming – like Pineda trade – so this must be intentional they let this out like they did with Jeter (I think they panicxked with leaking of Jeter stuff because they were stunned at Jeter’s initial $20 mm plus+ first attempt and got scared they would be cast as bad guy if public did not get a chance to side with them for Jeter’s ridiculous first demand. (Jeter on other hand probably never thought his private negotiating for as much as he could get would be publicly exposed.)

    They eventually “triumphed” on Jeter because they read Jeter well that he would never seriously engage other clubs. Not so sure about Mo ( i can see Mo approaching other clubs) but one benefit is that coming off surgery not sure anyone is going to be willing to pay Mo $15 million.

    Also you all know how workplaces work with peer salaries – I am sure Mo likes Arod but also knows he is grossly overpaid and Yanks threw money at him in 2007 – Mo also may have a little bit of attitude – “don’t tell me about payroll budgets when you overpaid that guy over there who has done nowhere near as much for organization as I have.” Just remember that the great Yankee icon was willing to go to Red Sox for 2 year offer before 2011 until Yanks came up with a two year offer so I think this has some possibility of not going well.

    • Rich in NJ

      This organization has a very undisciplined approach to the media.

      • Cris Pengiucci

        Or, they have a very specific methodolgy and agenda when dealing with them. We just may not be able to “see” and understand it.

        • Rich in NJ

          I don’t think it’s particularly difficult to understand that publicly dissing iconic players isn’t a very smart strategy.

          • jjyank

            Where was the public diss?

            • Rich in NJ

              From the unnamed source referenced above.

              So either, as Cris Pengiucci suggested, they have “methodology” that is characterized by allowing unnamed sources to send messages via the media, or they are an undisciplined organization that can’t control leaks.

              Either way, imo, I think the best way to go is to make sure no one with the Yankees says anything, even if they had a strategy to severely limit Mo’s base pay, which would be understandable given his age and the injury he is recovering from.

      • YanksFanInBeantown

        Yeah, dude. Because Cashman always broadcasts trades well in advance of when they happen. That’s why they call him CowboyCash: he always states all of his plans loudly and directly.

    • Steve (different one)

      Well, they “triumphed” on Jeter DESPITE him not engaging other clubs. They wanted him to explore the market, because he would have found the Yankees offer by far the highest. They then wound up upping their offer with no competition because Jeter went around Cashman to Levine.

  • pistol pete

    I hate overpaying but if anyone deserves to get paid more than their open market value as a Yankee it’s Rivera. He played many years below his value and was the greatest relief pitcher of all time and the greatest post season relief pitcher, ever, second isn’t even close. Give him $10m plus a few incentives, done deal.