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Postby BronXBombers51 » Thu Nov 17, 2005 8:07 pm

Chipper Jones has reportedly agreed to restructure his deal in order to free up money for the Braves.
Jones' agent, B.B. Abbott, said the new contract would reduce his 2006 salary from $17 million to $11 million and turn a pair of $15 million vesting-option years in 2007 and 2008 into guaranteed years at $11 million per season. It also includes a $4 million signing bonus due in January, and adds a vesting option for 2009 worth between $8 million and $11 million. Under the previous deal, his options would have vested with just 450 plate appearances per year. This could save the Braves as much as $15 million over the next three years, giving the team additional money to re-sign Rafael Furcal or pursue Trevor Hoffman. Nov. 17 - 6:51 pm et


In an age where you have players holding out for more money on top of the millions they already make, making threats and slacking off, this is truly a great act.

I've never liked Chipper Jones but it says alot when the guy gives his money back to the team in order to help the team succeed. Great job Chipper. ;-D
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Re: Wow

Postby wrveres » Thu Nov 17, 2005 8:17 pm

BronXBombers51 wrote:
Chipper Jones has reportedly agreed to restructure his deal in order to free up money for the Braves.
Jones' agent, B.B. Abbott, said the new contract would reduce his 2006 salary from $17 million to $11 million and turn a pair of $15 million vesting-option years in 2007 and 2008 into guaranteed years at $11 million per season. It also includes a $4 million signing bonus due in January, and adds a vesting option for 2009 worth between $8 million and $11 million. Under the previous deal, his options would have vested with just 450 plate appearances per year. This could save the Braves as much as $15 million over the next three years, giving the team additional money to re-sign Rafael Furcal or pursue Trevor Hoffman. Nov. 17 - 6:51 pm et


In an age where you have players holding out for more money on top of the millions they already make, making threats and slacking off, this is truly a great act.

I've never liked Chipper Jones but it says alot when the guy gives his money back to the team in order to help the team succeed. Great job Chipper. ;-D


Hoffman has been doing that for the last couple of years for the Pads ... and now we are kicking him to the curb :-t

Barry has offered to do that for the Giants a couple of times but Sabean has never taken him up on it.
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Postby George_Foreman » Thu Nov 17, 2005 8:23 pm

wow. i'm surprised. by "restructuring" what they really meant was "take a big paycut". he went from 17M this year to 11+4M bonus, and 15M next year (assuming 450 ABs this year, which I don't think is a huge stretch) to 11M. not sure about the vesting option for 2008, but if it was similar to last year, that's another 4M shaved off.

as a braves fan, i'll give a big THANKS, CHIPPER!

OTOH, i guess this means he gets to play 3B next year. :-b
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Re: Wow

Postby BronXBombers51 » Thu Nov 17, 2005 8:25 pm

wrveres wrote:
BronXBombers51 wrote:
Chipper Jones has reportedly agreed to restructure his deal in order to free up money for the Braves.
Jones' agent, B.B. Abbott, said the new contract would reduce his 2006 salary from $17 million to $11 million and turn a pair of $15 million vesting-option years in 2007 and 2008 into guaranteed years at $11 million per season. It also includes a $4 million signing bonus due in January, and adds a vesting option for 2009 worth between $8 million and $11 million. Under the previous deal, his options would have vested with just 450 plate appearances per year. This could save the Braves as much as $15 million over the next three years, giving the team additional money to re-sign Rafael Furcal or pursue Trevor Hoffman. Nov. 17 - 6:51 pm et


In an age where you have players holding out for more money on top of the millions they already make, making threats and slacking off, this is truly a great act.

I've never liked Chipper Jones but it says alot when the guy gives his money back to the team in order to help the team succeed. Great job Chipper. ;-D


Hoffman has been doing that for the last couple of years for the Pads ... and now we are kicking him to the curb :-t

Barry has offered to do that for the Giants a couple of times but Sabean has never taken him up on it.


I had not heard that. If true, that's a great job by Hoffman as well.
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Postby wrveres » Thu Nov 17, 2005 8:26 pm

George_Foreman wrote:wow. i'm surprised. by "restructuring" what they really meant was "take a big paycut". he went from 17M this year to 11+4M bonus, and 15M next year (assuming 450 ABs this year, which I don't think is a huge stretch) to 11M. not sure about the vesting option for 2008, but if it was similar to last year, that's another 4M shaved off.

as a braves fan, i'll give a big THANKS, CHIPPER!

OTOH, i guess this means he gets to play 3B next year. :-b


he is not taking a pay cut. MLBPA won't allow that to happen. They are just spreading the money around a little diferently.
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Postby George_Foreman » Thu Nov 17, 2005 8:26 pm

yeah. it's just nice to see players who really want to win and are willing to take a bit of pay cut to do it.
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Postby Half Massed » Thu Nov 17, 2005 8:30 pm

Glad to hear he cares about his team and trying to win more than money.
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Postby Amazinz » Thu Nov 17, 2005 8:46 pm

Right. This is not a pay cut. It's a deferral. Larry will actually make more money when it's all said and done.
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Postby George_Foreman » Thu Nov 17, 2005 8:56 pm

wrveres wrote:he is not taking a pay cut. MLBPA won't allow that to happen. They are just spreading the money around a little diferently.
Amazinz wrote:Right. This is not a pay cut. It's a deferral. Larry will actually make more money when it's all said and done.

:-?

originally, he gets $17M this year, $15M next year, and $15M in 2008 (assuming he makes the vesting options). total: $47M over 3 years

now, he's getting $11M each year for the next 3 years plus an additional $4M signing bonus, and a vesting option worth "between $8 and $11M" for 2009. total (assuming max vesting option): $47M over 4 years

so sure, it's the same amount of money, but he's got to play another year of ball to get it. and you figure someone would have tendered him a contract in 2009, so with the extra year, it really is a pay cut. perhaps one as large as $5-10M (depending on what he would have gotten in '09. he'll be 38 at that point, so it may not be much, but brian giles is looking to get paid $10M+ for his "age 38 year", so....)

either way, great job by the braves and chipper. now, if only we can do something about that awful deal anruw's got....
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Postby raiders_umpire » Thu Nov 17, 2005 10:30 pm

chipper wanted to play 3b badly to take a diminshed pay this year :-D :-D :-D but really it is a great thing for chipper to do to help the braves make another run next year....
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