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Bonus clauses and the standard player contract.(Essay)

During the 1998-99 off-season free agent Kevin Brown signed what was at the time the most lucrative contract in baseball history. It guaranteed him just over $106 million for seven years with the opportunity to earn another $8.4 million through bonus clauses. Brown's contract drew intense interest because of its largesse and the seeming over-indulgence provided by its bonus clauses. My interest in Brown's contract is not his brief record-setting salary, but rather the incentive and bonus clauses included in the contract.

THE KEVIN BROWN CONTRACT

Brown was the class of the 1998-99 free agent market. He was coming off three consecutive All-Star seasons, bolstered by his ...

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