Renck: Huston Street's contract details

Base Salary:
2010: $7.2 million
2011: $7.3 million
2012: $7.5 million

Option:
2013: $9.0 (Player Option)*
*If Street excercises his option, the Rockies can decline and buy him out for $500k.

Incentives:
All-Star: $25,000
Gold Glove: $25,000
Cy Young Winner: $100,000
Cy Young 2nd-5th: $50,000
Rolaids Relief Man of the Year: $100,000
Rolaids Relief Man of the Year 2nd-5th: $50,000
NL MVP: $100,000
NLCS MVP: $75,000
WS MVP: $100,000

about 2 years ago Andrew T. Fisher 12 comments 0 recs |

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Maybe there's a max or something

But I found it funny that his bonus is the same for NL MVP, Cy Young and Rolaids Relief Man of the Year.

by controlled_slide on Jan 27, 2010 4:27 PM MST reply actions

That seems like a good deal for both sides. I was hoping the Dodgers would buyout some free agent years from Broxton in a similar fashion.

by Eric Stephen on Jan 27, 2010 4:31 PM MST reply actions

he's been in the league, what, 2 years less than Street?

could still happen

damn broxton is good at baseball

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by Andrew Martin on Jan 27, 2010 4:57 PM MST up reply actions

Just one year less service time (but less closing experience, so he’s a bit cheaper, although they are roughly the same in their 6th year)

by Eric Stephen on Jan 27, 2010 6:17 PM MST up reply actions

Not too bad.

Works out fairly well compared to other signings this off-season; good trade offs for both sides.

$50k for 5th place in Cy Young or Relief awards?

by phishbate on Jan 27, 2010 4:35 PM MST reply actions

nice

another example that Dan and the FO really are one of the tops in the league hopefully street has another All Star season.

by MaddogFell on Jan 27, 2010 4:38 PM MST reply actions

just heard on the radio that street signed this deal today

104.3 the fan, if you’re reading, Street agreed to this contract a while ago and we already knew the 3/22.5. This announcement is purely the contract details

"I have no special talents. I am only passionately curious." - Albert Einstein

by Andrew T. Fisher on Jan 27, 2010 5:02 PM MST via mobile reply actions

Not sure I've ever heard of an option structured as such.

People ask me what I do in winter when there's no baseball. I'll tell you what I do. I stare out the window and wait for spring. ~Rogers Hornsby

by pedalpusher on Jan 27, 2010 5:25 PM MST reply actions

it is strange

It is almost a mutual option (some unique things would have to happen for street to turn down 9mil)

"I have no special talents. I am only passionately curious." - Albert Einstein

by Andrew T. Fisher on Jan 27, 2010 5:31 PM MST via mobile up reply actions

I was thinking the same thing.

I believe (but don’t quote me on this!) in most mutual options, the team has the first option, but the order really only matters when the buyouts are different. For instance, Jon Garland had a $10 million mutual option for 2011. The buyout was $2.5m if the team declined, or $1m if Garland declined. The Dodgers declined the option and Garland got paid $2.5 million (from the D-Backs though since the Dodgers don’t like paying such things)

by Eric Stephen on Jan 27, 2010 6:20 PM MST up reply actions

Strange

Basically:

If Street is worth more than 9M, he should walk and decline the option

If Street is worth less than 9M, the Rockies should buy him out after he picks up the option.

The only way that it makes sense for Street to pick up the option and the Rockies to not buy him out would be if he is worth very nearly exactly 9M. So why even bother with the option year?

If Huston Street wins the gold glove, I’ll pay him the bonus out of my own pocket. He had 18 chances last year :)

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by kosmo99 on Jan 28, 2010 8:29 AM MST up reply actions