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Sportsguy9695
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Jon Lester set Major League Baseball records for largest signing bonus and biggest upfront payment with his $155 million, seven-year deal with the Chicago Cubs.
The pitcher's contract calls for a $30 million signing bonus, of which $15 million is due by April 1, a person familiar with the agreement told The Associated Press on Sunday. The person spoke on condition of anonymity because those details have not been announced.
The previous high for a signing bonus had been Vernon Wells' $25.5 million under a $126 million, seven-year deal with Toronto that covered 2008-14 and was announced in December 2006. Wells' bonus was payable in three equal installments on March 1 each year from 2008-10.
Source: ESPN Chicago
The pitcher's contract calls for a $30 million signing bonus, of which $15 million is due by April 1, a person familiar with the agreement told The Associated Press on Sunday. The person spoke on condition of anonymity because those details have not been announced.
The previous high for a signing bonus had been Vernon Wells' $25.5 million under a $126 million, seven-year deal with Toronto that covered 2008-14 and was announced in December 2006. Wells' bonus was payable in three equal installments on March 1 each year from 2008-10.
Source: ESPN Chicago
