Managerial Compensation
Joe Torre pay with the Yankees:
2005 - $6.1m
2006 - $6.1m
2007 - $7.0m
Joe Torre with the Dodgers:
2008 - $4.33m
2009 - $4.33m
2010 - $4.33m (I couldn't find exact terms, so I took average annual value of the deal)
Joe Girardi with Yankees:
2008 - $2.5m
2009 - $2.5m
2010 - $2.5m (again, didn't have details, so I averaged out the deal).
Terry Francona with Red Sox:
2004 - $0.5m
2005 - $0.55m
2006 - $1.25m (base $0.75m plus a $0.65m signing bonus for new deal)
2007 - $1.65m
2008 - $1.75m
2009 and beyond? 2 year deal pending according to rumor, no details available.
It is tough to argue that in recent history (like under 5 years), Francona has been the most successful manager. Over a 12 year period, Torre has been with most of his success over 7 years old. And Girardi? He hasn't had any success other than managing an under talented team to a 78-84 record in 2006.
Yet somehow the Yankees thought it a good idea to give Girardi $2.5m per year. I'll be interested to see how much Francona gets in his extension. I just found these contracts very interesting and I have to assume it means a payday for Francona and if not, couldn't one argue the Dodgers and Yankees have overpaid?
Now keep in mind, I thought, if I were a Yankees fan, which I'm not and never will be, that Torre was the right man for the job. But I also felt he was deserving of a contract in line to what he was earning through 2007. That didn't happen and I am also beginning to feel that perhaps this separation was a good one for the Yankees. Time changes perspective and I think I am swinging over to wondering just what Girardi will bring to the Yankees. Maybe it was the right move. New blood after all can shake things up and if there was ever a team that needs a shake-up, it's the Yanks.
Ok, too much Yankee talk, time for a sulfuric acid shower.
Comments
Easy on the hyperbole about being a Yankees fan. I spoke to some people, and you are banned for eternity from ever being allowed to be one.
That out of the way, I think Francona is incredibly underpaid, but you guys have always been cheap with managers and front office. Didn't your GM have to dress up in a monkey suit for more money?
Torre was clearly being paid for his past success and Girardi was originally going to get 3-years/$5.5 million but the Dodgers jumped into the bidding. It's a lot of money, but he was Manager of the Year and you do have to factor in the fact that it costs more to live in NYC than pretty much anywhere else in the US.
Posted by: Peter | November 2, 2007 07:54 PM |
So the point of this analysis is that the Sox have undepaid for performance. Typical New England approach to things, no?.
Kidding aside, Tito deserves one heck of a raise - hope he doesn't get it and moves on. He's that good.
Posted by: Mitchell![[TypeKey Profile Page]](http://yankeesredsox.com/nav-commenters.gif)
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November 2, 2007 08:44 PM
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NY costs 80% more to live in that Boston? No.
You say that Boston has always been cheap with managers and front office types like it is a bad thing to contain costs.
Anyway, here is the data to that claim:
Joe Torre, NYY $7.5 million
Lou Piniella, CHC $3.5 million
Bobby Cox, ATL $3 million
Tony La Russa, STL $2.8 million
Mike Scioscia, LAA $2 million
Jim Leyland, DET $2 million
Bruce Bochy, SF $1.75 million
Terry Francona, BOS $1.65 million
Phil Garner, HOU $1.5 million
Willie Randolph, NYM $1.4 million
Mike Hargrove, SEA $1.3 million
Ron Gardenhire, MIN $1.25 million
Ozzie Guillen, CHW $1.1 million
Eric Wedge, CLE $1.025 million
Jim Tracy, PIT $1 million
Bob Melvin, ARI $875,000
Buddy Bell, KC $825,000
Ned Yost, MIL $825,000
Clint Hurdle, COL $800,000
Charlie Manuel, PHI $800,000
Jerry Narron, CIN $600,000
Grady Little, LAD $600,000
Sam Perlozzo, BAL $600,000
Ron Washington, TEX $600,000
Joe Maddon, TAM $550,000
John Gibbons, TOR $500,000
Manny Acta, WAS $500,000
Bob Geren, OAK $500,000
2007 7data courtesy of : http://mlbcontracts.blogspot.com/2003/01/2007-managerial-salaries.html
So Francona, I think has been fairly comped and as he does well, it goes up and I would expect it to jumnp again. But he is in the top 25% or 30%. The only guys ahead of him are guys that have recently won the WS, or have some cache except Bochy, why does he make so much!?!
Posted by: Andy | November 2, 2007 08:48 PM |
Peter and all, check out this link.
http://mlbcontracts.blogspot.com/2004_06_08_mlbcontracts_archive.html
Cot's MLB salaries is a great site. I'd love it if they could put it in spreadsheet format, but this is great. Histortical salaries really put things into a different light.
Posted by: Andy | November 2, 2007 08:51 PM |
It's not a bad thing to contain costs, but why on earth would you worry about Francona's salary when he makes 1/12th of JD Drew? The Red Sox are printing money right now, give the guy the raise he deserves and be done with it.
Posted by: Peter![[TypeKey Profile Page]](http://yankeesredsox.com/nav-commenters.gif)
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November 2, 2007 09:03 PM
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Andy,
Of course cheap is bad. Thrifty, however, is good. It all depends on how you spin, er, phrase it.
Posted by: Greg | November 2, 2007 10:46 PM |