Report: Yankees preparing to offer Rivera pay cutBy
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.