You Want How Much?
I came across this article today.
Here’s the take-away quote:
“A-Rod opted out of his record $252 million, 10-year contract with the New York Yankees and figures to set another high — Boras told the Yankees they would have to put a $350 million offer on the table just to get a meeting with Rodriguez.”
Just take a second and re-read that. Opting out of a $252 million deal and wants $350 million. What? Are you kidding? When was the last time you went to the World Series, A-Rod? Yes, I know you hold lots of records for home runs, including being the AL MVP, but you gotta produce real results before you can demand a $350 million contract.
The owners need to put a stop to this. Decide nobody’s going to touch him. Offer him league minimum until he produces. Sure he’s got potential, but you don’t get paid for potential. You get paid for results.
You know, professional sports is not the only place I see this. Take a look at some information on CEO Compensation. It’s funny, because many corporations are going to a variable-pay/pay-for-performance model for employees. Of course the pay-to-performance ratio at the lower levels is still nowhere near the ratio at the upper levels. Go figure.
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