Initially, I was not accurate on the name of Orlando Hudson‘s agent, but I was right on giving his agent praise for the structuring of Hudson’s 2009 contract. As a reminder, this was the deal that Hudson signed with the Dodgers in the offseason:
- $380,000 signing bonus, deferred without interest to a time not designated
- $3 million base salary for 2009
- $150,000 each for 150 and 175 plate appearances
- $200,000 each for 200, 225, 250, 275 and 300 plate appearances
- $250,000 each for 325, 350, 375, 400, 425, 450, 475, 500, 525, 550, 575 PAs
- $10,000 for EVERY plate appearance from PA #576 through PA #632. That’s 57 PAs for total of $570,000.
- also, BEGINNING WITH 550 PAs, every one of these incentives, including that $570k, is deferred without interest to a time not designated. And the contract requires Hudson to donate $25,000 to the Dodgers Dream Foundation.
The Dodgers won on this deal, because they acquired an All-Star that no one seemed to want. Hudson has out-performed everyone’s expectations thus far and is well on his way to earning the full amount of his interestingly structured contract. At the All-Star Break, Hudson has already accumulated 392 plate appearances. That means Hudson has already guaranteed himself $5,430,000.
Kudos to Dodgers management and Greg Genske for a job well done.