Phils to pay Pedro $896K in incentive-laden deal

The Phillies will pay Pedro Martinez a minimum of $896,000 this season, according to terms of his one-year contract obtained by FOXSports.com.

The deal technically has a base salary of $2 million, but the dollars are prorated based on the amount of time left in the season.

Martinez is expected to be a starter, but the contract’s incentive package also includes bonuses for relief appearances. He would receive a $50,000 bonus at his 10th, 15th, 20th and 25th relief outings. One Phillies source said Thursday that the bullpen clauses were included to leave the team’s options open in how to utilize Martinez.

The team announced Martinez’s deal Wednesday and officially placed him on the disabled list Thursday with a right shoulder strain. He won’t be eligible to pitch in the majors until July 31 at the earliest.

Other provisions of the contract:

  • Martinez will receive a $75,000 bonus for his sixth, seventh, eighth, ninth and 10th starts of the season.

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  • He will receive a $100,000 bonus for his 11th, 12th, 13th, 14th and 15th starts of the season.
  • He will receive a $75,000 bonus at 50 innings, a $125,000 bonus at 75 innings, and a $175,000 bonus at 100 innings.
  • He will receive $100,000 if he is named National League Comeback Player of the Year.
  • He will receive $50,000 for spending 15, 30, 45, 60 and 75 days on the active major league roster.

    There is little or no chance that Martinez will obtain the maximum roster bonus in each category. For example, he won’t receive the bonus for being on the roster for 75 days … because there will be only 66 left in the season when he’s eligible to come off the disabled list.

    Similarly, it probably won’t be possible for him to make 15 starts or throw 100 innings.