Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 fouryear contract with an annual salary of $ 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 costofliving 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 and year as applicable.
In addition, the Player will receive a onetime $ timeinleague bonus after six months of participation with an MLB team. This bonus will be paid immediately on completion of the sixmonth period.
The Player is offered a performancebased bonus, as well as a milestone bonus. Both are intended to encourage outstanding performance.
The Player is offered the following awardbased performance incentive: a bonus if he is selected for consideration of a major awardsuch as the Cy Young Award for outstanding pitching The Player is also offered the following milestone bonus: a $ bonus if he ties Nolan Ryan's singleseason strikeout record 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:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started