|photo courtesy of expertwager.com|
here's some good news for Michael. because he placed in the top 5 voting for BBWAA's American League Most Valuable Player this season, he's earned himself a little additional salary for the future. his base salary in 2017 and 2018 has now increased by a cool million. i had no idea about this MVPerk, but that's freakin' awesome!
so this is what Michael was going to make before his bonus:
2014 salary - $1.5 million + $3.5 million signing bonus
2015 salary - $5 million
2016 salary - $6.5 million
2017 salary - $7.5 million
2018 salary - $11 million club option/$1 million buyout
before the 2014 season, his contract was for 4 years guaranteed and totaled $25 million, including the 5th year $1 million buyout. and if he stayed with the team in 2018, then he'd get an additional $10 million, giving him a grand total of 5 years for $35 million.
now here is Michael's new updated contract break down for the next 3-4 years:
2015 salary - $5 million (no change)
2016 salary - $6.5 million (no change)
2017 salary - $8.5 million (1 million increase)
2018 salary - $12 million option/$1 million buyout (1 million increase)
he currently stands to earn $21 million in the next 3 years, including the $1 million buyout. if he stays for the 2018 season, the total becomes $32 million.
and if we add that to his $5 million salary for the 2014 season, that's $26 million for 4 years plus the buyout, bringing the minimum contract total as of right now to $37 million for 5 years if that 5th year option is picked up.
but wait. let's not forget about the other bonuses he earned this year:
$100,000 for making the All Star team
$50,000 for earning a Silver Slugger Award
$150,000 for finishing in 3rd place for AL MVP
that's $300,000 worth of bonuses. so that gives Michael an overall $5.3 million made in 2014 and a potential $37.3 million earned from 2014-2018.
this is still a ridiculous steal for the Indians, omg lol
BREAKING: all that extra money's gonna come in handy because it was announced yesterday that... Michael's wife will be having baby #3 early next season! (i just really hope he doesn't go on Paternity Leave during the Home Opener Series lol)
congratulations, Michael! on both counts! =D