Updated info on Tito's deal
Terry Francona is guaranteed $12 million in the three-year contract extension he has agreed to with the Red Sox.
The Sox have the option to add two more years, bringing the potential total value of the package to $20 million, or an average of $4 million a year. The two option years must be exercised together after the 2011 season. If the options are not exercised, Francona receives a $750,000 buyout, guaranteeing him an average payout of $4 million over the three years.
The $4 million mark is a significant one, placing Francona just behind Joe Torre of the Dodgers (a reported 3 years, $13 million) at the highest level of the managerial salary scale.
‘‘It was important for Tito to be recognized as one of the top two or three managers in the game,’’ said Francona’s agent, Pat Rooney, of negotiations that concluded Saturday night, with general manager Theo Epstein informing the players of Francona’s new deal before yesterday morning’s workout.
The contract also provides for Francona to receive an additional $250,000 in any year that the Sox return to the World Series.
The last year of Francona’s current deal calls for him to be paid $1.75 million in 2008. Under terms of the extension, his salary doubles to $3.5 million in 2009, $3.75 million in 2010, and $4 million in 2011.
Congratulations Tito!! Well deserved; you are wicked awesome, and it's about time you got the big bucks!! GO SAWX!!
Grats, Tito! You certainly earned it!
BEAR DOWN
he's a great manger he deserved the best go sox's
Over rated manager with inflated pay.
He is a terrible game manager but good at keeping players happy. Awesome Tito is not as he leaves starting pitchers in until 5-7 runs are scored and the game is lost as Sox are unable to score any runs with the likes of Lugo, Crisp, Drew, Varitek at bat.
Glad to see Terry is signed for 3 more years! He gets the job done, the players and the fans love him, not to mention the media.I for one am looking forward to more chamiponships under his reign
Glad to see Terry is signed for 3 more years! He gets the job done, the players and the fans love him, not to mention the media.I for one am looking forward to more chamiponships under his reign
Not "guaranteeing him $4M a year" He wont make $20M if he manages all 5 years, not counting the $250K ws bonuses.
3.25
3.5
4
4
4
The $750K buyout goes away
To the Francona haters out there. Tell me, who would have done a better job with this team? What baseball savy person can honestly say that Francona makes more mistakes than good ones? Francona is a manager that has won 2 World Series and was the manager of the team when the Red Sox came from behind to win the ALCS against the Yankees and Indians. One of the Baseball Geniuses choose to criticise Francona by saying that he is somehow responsible for lousy offense from Varitek, Lugo, Drew, etc. But Francona still wins a World Series with these guys, so explain to me how that makes him a bad coach? Francona deserves the recognition and the appreciation of the fans. And it's time he gets rewarded for his work.
Francona Rocks. We all thought he was crazy when he stayed with Pedroia in the first half of the season. The kid couldn't do anything right offensively in April and May. Francona chose to stay with him. Look how that turned out? I was there and I saw his Game 1 world series Home Run. I think Tito made a very good choice.
Look at Lugo, he had a rough year at times but Tito stuck with him and he came on strong when we needed him.
Those were tough calls to make. The media, the fans...EVERYONE wanted him to make a change, but he did what he is supposed to do, and everything turned out just fine.
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