Nick Markakis signs a big 6-year deal with the Orioles
The Baltimore Orioles and right fielder Nick Markakis agred to a 6-year $66.1 million dollar deal. Markakis, a 25 year old slugger, has some really nice bonuses coming his way with this deal.
His deal calls for a $2.1 million signing bonus: $1 million payable upon approval and $1.1 million in April 2010.
Markakis gets $3 million this season, $6.75 million in 2010, $10.25 million in 2011, $12 million in 2012 and $15 million each in 2013 and 2014.
The deal includes a $17.5 million mutual option for 2015. He would get a $2 million buyout if the club declines but no buyout if he turns it down - which would reduce the total value of the agreement to $64.1 million.
Where do they get all this money in the MLB?