[cheevers]

Originally Posted by Sylvanfan

Edit...I really didn't know just how bad this Wells contract was until I read this.

http://mlbcontracts.blogspot.com/200...e-jays_05.html



7 years/$126M (2008-14)

• signed extension with Toronto 12/06
• $25.5M signing bonus (paid in 3 $8.5M installments, March 1 2008-10)
• 08:$0.5M, 09:$1.5M, 10:$12.5M, 11:$23M, 12:$21M, 13:$21M, 14:$21M
  
• full no-trade clause
• Wells may opt out of contract after 2011
• award bonuses: $0.25M for MVP, $0.2M for World Series MVP, $0.15M for LCS MVP, $0.1M for receiving most All-Star votes in league
  
• Wells to donate $143,000 annually to Blue Jays charity

So after the Blue Jays pay Wells his final 8.5 million dollar bonus on March 1st next year....they still owe him 98.5 million over the next 4 years. Why is a contract that backloaded? Mind boggling.

Your going to be really pissed when he wins both the MVP and world series MVP and they have to pay out $450,000.