NOTES:

Gavin Goldenarm hereafter referred to as the Player, is offered a four-year contract with an annual salary of $594,000 per year, to be paid at the end of each month in the contract term.

Under the leagues 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 Players 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 awardsuch as the Cy Young Award (for outstanding pitching). The Player is also offered the following milestone bonus: a $100,000 bonus if he ties Nolan Ryans 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 Players 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.]

A local car dealer has offered you a contract that will pay $2,750 per month for two years. This contract is contingent on your accepting the contract with the Back Bay Boys and will take effect immediately upon signing your MLB contract. In return for these payments, you will participate in the dealers promotional events, such as signing autographs and allowing photographs as requested.