Question About Worrell Signing Bonus

by leftymalo on Dec 5, 2005 1:33 PM PST Comment 2 comments

Does Worrell's $500 K signing bonus count as money the Giants will spend in 2006 or in 2005? If it's '06, why the hell bother with a signing bonus at all? Just pay him a $2 M salary. Is there some weird tax consideration, either for the team or the player?

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Re: Question About Worrell Signing Bonus

The only difference I know of is he gets his 500K now, instead of spread out throughout the season. In the real world it's a nice perk, not sure how much it matters to athletes who are already rich.

by mxmob33 on Dec 5, 2005 4:24 PM PST reply actions 0 recs

Re: Question About Worrell Signing Bonus

So does that means that his $500K counts against our 2005 payroll figure? That what your answer sounds like.

Could it be that he gets his signing bonus in Spring Training? I noticed that for other players, they sometimes get the signing bonus spread over a number of years. Again, lump sum soon is better than spread out later, but the money doesn't necessarily have to be paid out now.

$500K would make a nice pre-Christmas present for almost anyone - most highly paid players have gotten signing bonuses with their deals, if I recall correctly.

by Martin BiasedGiantsFanatic on Dec 5, 2005 4:43 PM PST up reply actions 0 recs