The pitcher will receive a luxury suite at Shea Stadium for
every home game and a hotel suite on all road trips, according to
terms of his contract obtained Saturday by The Associated Press.
Martinez's $53 million, four-year deal, which was finalized
Wednesday, calls for him to get a $3.5 million signing bonus that
is payable through July 2007. He gets salaries of $10 million in
2005, $14 million in 2006, $14 million in 2007 and $11.5 million in
New York gets to defer $4 million of his salary in both 2006 and
2007 and $2 million of his salary in 2008, and will pay the money
to him plus 5 percent compounded interest.
Martinez, already a three-time Cy Young Award winner, would get
a $500,000 bonus if he wins the award again this contract, $1
million if he wins it a second time, $1.5 million if he wins it a
third time and $2 million if he wins it a fourth time.
He gets $400,000 for finishing second in the voting and $300,000
for winding up third.
In addition, Martinez would receive $50,000 for each All-Star
appearance, $50,000 for each Gold Glove, $50,000 for winning the
league championship series MVP award and $250,000 for winning the
World Series MVP award.
Martinez went 16-9 with a career-high 3.90 ERA last year, when
the Red Sox won their first World Series title since 1918, and was
117-37 during seven seasons with Boston.