(AP)AL Cy Young Award winner David Price probably has a great agent in Bo McKinnis. But, as columnist Jon Paul Morosi of Fox Sports points out, it also doesn't hurt if the client is smart enough to attend Vanderbilt.
Morosi notes that Price's most recent contract, which is worth about $10 million for the 2013 season, was signed a little before the calendar flipped to January. The deal breaks down into a roughly $1 million base salary for this season, with $4 million deferred until 2014 and $5 million given in a signing bonus immediately. As in a $5 million payment before 2013 started. As in before the U.S. Congress passed the American Taxpayer Relief Act of 2012, which raised the top federal income tax rate from 35 percent to 39.6 percent. (Not to mention before the expiration of the payroll tax holiday.)
And here it seemed a slam dunk that Cliff Lee, if anyone, should get the nickname "Fiscal." Instead, it has to be Price. Way to beat The Man, David! Or should we call you "Fiscal Dave"?
There's another side to Price's sweetheart deal, Morosi says. It's about that deferment:Read More »from David Price beats fiscal cliff deadline by signing clever $10 million contract with Rays