Flynn$,$

Congratulations! You've been called up to the Mobile Bayhoppers. Below are the offered terms and conditions of your new contract. After you review them and think about the offer, call me and we'll discuss your options. Congrats again!

Salary and Incentives:

Flynn Fireballer hereafter referred to as the "Player," is offered a four$-$year contract with an annual salary of $$534,000$ per year, to be paid at the end of each month in the contract term.

Under the league's collective bargaining agreement, the Player will receive a $4\%$ cost$-$of$-$living adjustment $($COLA$)$ to his annual salary at the beginning of every other year. This means that the Player's annual salary will increase at the beginning of year $2$ and year $4,$ as applicable.

In addition, the Player will receive a one$-$time $$15,000$ time$-$in$-$league bonus after six months of participation with an MLB team. This bonus will be paid immediately on completion of the six$-$month period.

The Player is offered a performance$-$based bonus, as well as a milestone bonus. Both are intended to encourage outstanding performance.

The Player is offered the following award$-$based performance incentive: a $15\%$ bonus if he is selected for consideration of a major award$-$such as the Cy Young Award $($for outstanding pitching$).$ The Player is also offered the following milestone bonus: a $$125,000$ bonus if he ties Nolan Ryan's $1973$ single$-$season strikeout record $(383$ strikeouts$).$

The Player is eligible for each potential bonus each year that the contract is in effect and, if expressed as a percentage, will be based on the value of the Player's base annual salary for the corresponding year. If earned, the performance and milestone bonuses will be distributed in a single payment at the beginning of the next contract year. Although this proposal describes only one milestone, the actual contract contains several progressive milestones. Exceeding one milestone creates the opportunity to exceed another.

In addition to the proposal offered by the Bayhoppers, I've also been able to secure the following endorsement opportunity: