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| Sox Agree to Terms with Hermida | 01.26.10 at 5:05 pm ET |
The Red Sox have agreed to terms with new outfielder Jeremy Hermida on a one-year, non-guaranteed contract for the 2010 season. According to a major-league source, the one-year deal is worth $3.345 million and does not include performance bonuses. The team and the player now avoid salary arbitration. Hermida was acquired by the Red Sox from the Florida Marlins on November 5, 2009.
4 Comments for “Sox Agree to Terms with Hermida”
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January 26th, 2010 at 6:18 pm
Why is it a non-guaranteed contract?
January 26th, 2010 at 10:36 pm
That is a good question, are they planning to trade him before the season starts like they did to Josh Bard?
January 27th, 2010 at 8:48 am
All arbitration contracts are non-guaranteed until opening day. The only contracts that are guaranteed are free agent signings.
January 27th, 2010 at 10:11 am
The contracts given to arbitration-eligible players who have not yet achieved enough service time to qualify for free agency are almost always non-guaranteed. This is because arbitration awards themselves are non-guaranteed.
It is worth clarifying that a “non-guaranteed” contract means that a player would receive 1/6th of his salary if cut at least 16 days before the start of the season, and 1/4th of his salary if cut during spring training but less than 16 days before the start of the season.
Multi-year deals are guaranteed, as are most major-league deals given to free agents (unless they expressly state otherwise, as with the non-guaranteed deal that was signed by catcher Josh Bard in January of 2009).