Here is my theoretical letter to the Twins ownership and to the agent for Byron Buxton concerning to current negotiations to extend Buxton’s contract.
A Letter to Falvey/Levine/Pohlad and B.B. Abbott
It is my understanding that all of you are in basic agreement concerning the base salary for an extension for Byron Buxton and that the holdup is the incentives. Because your negotiations are done in private (as they should be), I have no idea what the concerns of each side might be. Here are my suggestions.
Make the base salary $12M per year beginning in 2022 and extending for an additional seven years for a total base contract of 8/$96M. The incentive plan should be have a base with achievable goals and extending to difficult to reach goals with significant rewards for attaining them. Below is a table showing some possible goals and bonuses attached to each goal. The minimum amount of bonus that can be earned would be $8M and is based on Buxton having an above league average season for an outfielder. The maximum attainable bonus would be $21.5M but would mean that Buxton would be the best player in baseball. But the amount of the bonus would be offset partially by increased revenues caused by every baseball fan in America wanting to see Buxton play in person.
|Gold Glove Voting||3rd||2nd||1st|
|Platinum Glove Voting||1st|
I understand that this commitment would be a significant financial investment but only if Buxton provides the level of performance that should be rewarded. If you have any questions, I can be reached through Twins Daily.