Previously, I wrote a piece on attendance clauses in contracts of professional sports players. Recently, a story broke which touched upon my analysis.
In Ken Griffey Jr’s contract with the Seattle Mariners, there is a clause which will pay Griff a hefty $1.25 million bonus if he is able to maintain last season’s statistics and shove in 259 more fans at home games. Well, the Wall Street Journal has reported that this season, attendance is down! What effect will this have on Griffey?
It will potentially shave $450,000 off of his contract bonus. One more interesting piece of brain food is that the median salary in the city of Seattle is $45,000. Maybe the economy has something to do with this.
3 Comments
Recall Master P…I mean Percy Miller's incentive laden contracts. Ricky Williams bought into them in 1999, and suffered immensely for it, although he never filed suit. Perhaps creativity in contract negotiations does not always work out.
It definitely does not always work out. The best at this trade negotiate clauses into player contracts that are applicable to their client. It should be something that the client is more than likely to achiveve.
It definitely does not always work out. The best at this trade negotiate clauses into player contracts that are applicable to their client. It should be something that the client is more than likely to achiveve.