What a complicated F'n deal:
The Excel Sports client will reportedly be guaranteed $10.5MM and secure a player option for the 2021 season in addition to a vesting player option for the 2022 campaign.
The contract is said to promise Betances a $7.5MM salary in 2020, and his player option is valued at $6MM with a $3MM buyout. However, he’ll have the opportunity to boost the value of that option and the potential 2022 option as well.
Specifically, the value of the 2020 option will escalate by $800K when Betances pitches in his 40th game in 2020. It’ll increase by an additional $1MM upon reaching each of 50, 60 and 70 games. As for the second player option, it would vest if Betances exercises the first player option and then appears in 50 games in 2021 — but only at a $1MM base. If Betances appears in 60 games, that base would jump to $2MM (with a $1MM buyout). It’d further increase to $3MM ($1MM buyout) by appearing in 70 games in 2021.
Sam Haggardy DFA