While writing last night’s First Pitch, I took a moment to see what Francisco Liriano’s restructured deal actually paid him. Originally, Liriano signed a two-year, $12.75 M deal. After breaking his arm, the deal was restructured as a one year, $1 M deal with a lot of performance bonuses. Last night I was reminded that Liriano has reached a lot of those bonuses this season.
Last year we learned the details of Liriano’s contract, most notably that he would make $6 M this year, with the potential for an extra $500,000 based on innings pitched, and an extra $2 M based on games started. Liriano won’t get enough innings to earn the extra $500,000, but he has already earned the full $2 M for games started. His contract paid him $400,000 each for 5, 10, 15, 20, and 25 starts. Currently, Liriano has 27 starts. That makes his total salary for the year $8 M. It also means that he ended up making $11.125 M over two years.
The 2014 payroll projection has been updated with the figure, and now has the Pirates at just under $81.4 M for the year. That doesn’t include other performance bonuses, although those shouldn’t add much. The biggest known potential bonus would be Andrew McCutchen’s $125,000 bonus if he wins the MVP award.