Question
Please help me! THERE IS A LOT OF WRITING, BECAUSE THAT IS WHAT WAS WRITTEN IN THE LETTER. I'M NOT SURE IF IT'S RELEVANT OR
Salary and Incentives:
- Nick Nohitter hereafter referred to as the "Player," is offered a four-year contract with an annual salary of $504,000 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 a4% 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 $20,000 time-in-league bonusafter 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 outstandin performance.
- The Player is offered the following award-based performance incentive: a15% 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 $100,000 bonus if he ties Nolan Ryan's 1973single-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 Dustys, I've also been able to secure the following endorsement opportunity:
A local car dealer has offered you a contract that will pay $750 per month for two years. This contract is contingent on your accepting the contract with the Dusties and will take effect immediately upon signing your MLB contract. In return for these payments, you will participate in the dealer's promotional events, such as signing autographs and allowing photographs as requested.
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