Will his pay be performance based?
I mean, I know he's got a contract -- presumably for one season.
of course, that ought to be enough to last him quite a while
I don't know the specifics of this particular contract but it is for seven years.
The contracts typically specify a base salary in addition to performance bonus'.
The performance section can, and usually is, based upon personal performance,
(number of home runs, bases stolen, RBI's, ....whatever the specific speciality of the player
which also, supposedly, draws attention to the player and the team and therefore ticket sales and
TV and other broadcast revenue splits),
along with team performance objectives, i.e. playoffs, division titles, national titles. etc.
He could live off less, and he, undoubtedly, could spend even more.
Should baseball ever go to Congress requesting a bail out then I suppose
we should develop a government office to regulate player compensation.
Or we could avoid the whole free market untidy mess and just legislate that all
jobs/professions are equally important to the health and well-being of society and
have government mandate that everyone be paid exactly the same.