Steve Phillips: Bonds to Angels or A's

Contract:

signed deal for 2007 season worth $15.8M on 1/30/07- + he can earn $4.2M in performance bonuses: $500K for 250 plate appearances, $1M each for 300, 375 and 450 plate appearances, and $700K for 525 plate appearance- + $5.8M of his salary will be deferred until 2008 w/out interest and all earned bonuses are deferred to 2009 with interest- + as part of the deal, no part of Bonds' personal staff (i.e. trainers Harvey Shields and Greg Oliver) is under Giants' payroll meaning they are banned from entering MLB-designated restricted areas- + he receives a complete NO-TRADE clause as a 10-and-5 player- + as per terms of the Uniform Player Contract, his remaining salary becomes non-guaranteed (w/ the option of voiding the deal) if he fails to maintain good citizenship (i.e. he is charged with a crime/convicted/indicted/arrested)*- + as part of the deal, Bonds waives the right to ask the players' association to file a grievance if he is indicted and the contract is terminated, though the union does retain the right to file a grievance independently- + he receives a luxury suite at AT&T Park for five games and gets five free lower box seats for all road games- + he receives a hotel suite on road trips- + he has the right to occupy as many lockers as he needs- + the contract was not immediately approved by MLB because it contained a personal-appearance provision that had to be eliminated- + he will conduct dugout press briefings the first say of each road series- + 2006 salary: $18M (+ $5M of each year's salary from 2002 thru 2006 was deferred until 2007 thru 2011 at 3.5% interest), 2005: $20M, 2004: $16M (+ $4M of signing bonus), 2003: $13M (+ $3.5M of signing bonus), 2002: $13M (+ $2.5M of signing bonus)- + bonuses he has received: $50K for 2004 Silver Slugger, $500K for 2004 NL MVP

*Exact language of that portion of the deal as acquired by the Associated Press: "Player acknowledges and agrees that an indictment for any criminal act under [a list of criminal acts including tax evasion and perjury] ... is proper grounds for termination of this contract..Player also acknowledges and agrees that he will not grieve, appeal or otherwise challenge any club action to terminate this contract as a result of player's indictment for any criminal acts [specified] ... nor will he cause or authorize any third party, such as the Major League Baseball Players Association, to grieve, appeal or otherwise challenge any club action to terminate this contract as a result of players' indictment for any [specified] criminal acts." His agent this additional standard language in the contract would be unenforceable if the matter were litigated because baseball's collective bargaining agreement which has different language would take precedence. Because of that, his agent said the inclusion of the added provision is meaningless.
Agent: Jeff Borris/None

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