The Palm Beach Post from West Palm Beach, Florida on December 5, 1976 · Page 80
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The Palm Beach Post from West Palm Beach, Florida · Page 80

West Palm Beach, Florida
Issue Date:
Sunday, December 5, 1976
Page 80
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E8-Palm Beach Post-Times, Sunday, December 5, 1976 ' -"'"" I ,i .mi iii i i Ml I 'Let's Make a Deal' Profitable Jackson, Matthews, Garland Are Biggest Winners $250,000 in two bonuses, orje this year, one next; $160,000-a-year salary for five years. Campaneris, Texas $1,010,000: $190,000-a-year salary for five years, $60,000 paid directly by Rangers to Kapstein. Alexander, Texas $955,000: $150,000-a-year salary for six years, $55,000 paid directly by Rangers to Kapstein. Kapstein negotiated his fees from the clubs in some cases and probably would have preferred to handle all of the deals that way. A source familiar with his business said some players whom he represented during salary arbitration never paid him and he since has wanted to make sure he receives his commissions. M art! ii k In addition to all the money, Matthews will get a new car every year. The contract is guaranteed in case of disability or death. Here is a breakdown of the other contracts: Jackson - $2.9 million: $2 million in salary and deferred payments spread over five years, $900,000 divided into signing bonus and deferred payments. Garland, Cleveland $2,185,000: $215,000-a-year salary for 10 years, $35,000 to Kapstein. Rudi - $2,090,000: $1 million bonus, $1 million in salary over five years, $90,000 to Kapstein. Gullett - $1.9 million: $1 million bonus; $900,000 in salary over six years. Rollie Fingers, San Diego $1,-660,000: $660,000 bonus, $1 million in salary over five years. Baylor - $1.6 million: $580,000 bonus, $170,000-a-year salary for six years. Gene Tenace, San Diego $1,S90 -000: $600,000 bonus, $155,00O-a year salary for six years. Dave Cash, Montreal - $1,560,000: $560,000 bonus, $1 million in salary over five years. Bobby Grich, California - $1,550,-000: $600,000 bonus, $190,000 salary for five years. Sal Bando, Milwaukee $1,406,-000: $250,000-a-year salary for five years, deferred compensation of $12,000 a year for 13 years plus an insurance policy of undetermined value. Campbell, Boston $1,050,000: Wayne Garland . . .$215,000 a year with a value of $250,000; $200,000 in agent and business-management service commissions for Keating; an offseason "job" worth $50,000 for the life of the contract; and deferred payments of $450,000 plus 5 per cent interest compounded quarterly, payable over 15 years to begin when Matthews retires. If he retires at the end of the five-year contract, the deferred payments will bring an additional $300,-000 in interest. If he should continue playing, the interest will mount even higher, reaching another $150,000 during another five years of play. According to the New York Times, Reggie Jackson came away with the most lucrative deal among baseball's free agents. He'll receive $2 million in salary over five years and another $900000 divided into signing bonus and deferred payments. Baseball Not Sport But a Labyrinth Of Legal Issues ilzaiimsiniMSsiotini with a guarantee against failure for 6 months or 6,000 miles. test Clean sump G screen pan Adjust bands G linkage inspection Replace pan gasket G fluid toDILTjM $111145 4J4 Include new fluid Domestic passenger cars only Trailer hitches with coolers only. where applicable Road Remove Visual By MURRAY CHASS (c) Ntw York Times NEW YORK - Reggie Jackson, to no one's surprise, snared the most lucrative deal among baseball's first family of free agents, but Gary Matthews and Wayne Garland pulled off the biggest coups. Matthews, a 26-year-old outfielder who earned $46,000 with the San Francisco Giants last season, secured from the Atlanta Braves a five-year package that could bring him more than $2 million before he finishes collecting on it. Garland, a 26-year-old pitcher who earned $23,000 with the Baltimore Orioles last season, had to give up his freedom for the next 10 years, but the Cleveland Indians at least made him a well-paid serf, rewarding him for one 20-victory season in the majors with a $215,000 annual salary. Matthews and Garland had neither Jackson's history nor his personality going for them. They had, though, their owners' eagerness to sign them and their agents Ed Keating for Matthews and Jerry Kapstein for Garland. The details of those two contracts and many others were learned by The New York Times from various baseball sources familiar with the financial deals that were created for the 14 quality free agents, who, in turn, had been created by one arbitrator's ruling, two court decisions and one large change in baseball's reserve rules. The details of the contracts revealed the following facts: Jackson led the parade of instant millionaires with his $2.9 million Yankee package, and he was followed by Garland at $2,185,000; Joe Rudi, California, $2,090,000; Don Gullett, Yankees, $1.9 million, and Matthews, whose $1,875,000 deal could turn into $2,205,000 or more because of interest he will receive on the deferred payments part of the contract. The 14 free agents, only one of whom (Doyle Alexander) fell short of the $1 million mark (on totals that included agents' commissions), averaged $1,665,071 per contract on a total of $23,311,000, give or take a few cents. No figures have been disclosed publicly by the teams involved, but some of those that have been leaked, or hinted at, fell far short of the actual total. Don Baylor, for example, was said to have received $875,-000 from California but actually got a package worth $1.6 million. The Boston Red Sox tried to give the impression they gave Bill Campbell $600,000, but the figure is $1,050,000. Bert Campaneris will get $190,000 a year instead of the reported $150,000. The players were not the only people to profit from the first mass free agent venture. Jerry Kapstein, who represented 10 of those 14 stars, earned between $750,000 and $1 million in commissions. In the cases of Alexander and Bert Campaneris, Kapstein received his commissions directly from the Texas Rangers. "He's the largest growth industry in the state of Rhode Island," one baseball agent said of the 33-year-old Kapstein, who .operated out of Providence during the three weeks it took to make that money. Keating, the agent who brought Larry Csonka to the New York Giants for $1 million, earned $200,000 from the package the Braves gave Matthews. None of the agents involved in these deals would discuss their clients' good fortunes or disclose any figures. However, from the information uncovered by The Times, it was obvious that Kapstein does not believe in deferred payments. Keating, on the other hand, devised a complex package for Matthews that followed a number of financial avenues. Agents and financial, advisers disagree over the value of the two kinds of contracts more money up front or more money later. Matthews, who had compiled a .287 batting mark and averaged 15 homers and 71 runs batted in during his four full seasons in the majors, received a contract with these provisions: A salary of $100,000 a year for five years; a bonus of $125,000 payable next month; an investment account (Sottnyn TRANSMISSION Mon.-Fri. 8 to 6, Sat. 8 to 1. Remember, this is a preventive maintenance service If you already have transmission problems, ask about our other reliable services Locally owned & opwatad by your Cottman Mnn 200 First St. & Narcissus Ave. 833-6343 :TXll 1 n o o flitS) qSjn&l' when you still get three strikes, three outs and nine innings. But behind the scenes, all hell is breaking loose and it would take a brave man to predict what the old ball game will be like in the future. For the paying public, most of the drama in the winter meetings has been supplied by the trading of players, not the haggling of lawyers. And no wonder. In the last four years, even in the days before Bill Veeck got back into the business, the teams have been swapping employes at record rates. In 1972 at Honolulu, there were 19 deals involving 68 players. In 1973 at Houston, 26 trades and 58 players. In 1974 at New Orleans, 15 trades for 40 players. And in 1975 in Florida, 23 shipments of 64 players. For a time this year, it seemed likely that the pace would be slowed because so many players decided not to sign their contracts and nobody could be sure who owned whom. But, since the season closed two months ago, 22 players were handed traveling orders in nine deals, and then 25 others became free agents (in the new sense of the term) and the bidding war began. What's happening now is that the tarns who spent millions to sign free agents like the Yankees and California Angels can deal from new strength next week. The teams that didn't spend and sign like the Mets and Cincinnati Reds will be dealing with old strength and weakness in a new situation. And the teams that were depleted because players left town like the Oakland A's and Minnesota Twins must produce small miracles to recover. At one end of the scale of well-being, you have Gabe Paul of the Yankees, who says: "I've got 14 outfielders, so you know I'll be talking to people." At the other end, you have Charley Finley, who not only lost eight of his 24 players in the auction market but also traded his manager, Chuck Tanner, to the Pittsburgh Pirates for Manny Sanguillen and $100,000. Somewhere in between, you have the Mets, whose Joe McDonald says: "We need middle infielders as insurance for Bud Warrelson and Felix Millan. Both were hurt last year, and when they were hurt, we were hurt." By JOSEPH DURSO (c) Niw York Timet LOS ANGELES - Time again for the annual winter gathering of the baseball clans, and it couldn't have come at a worse time. The guys who own the teams are picking each other's pockets for prize players. The American League has 14 teams, two divisions and stacks of designated hitters, and soon may reorganize into three divisions requiring two playoffs. The National League still has 12 teams and no designated hitters, except under duress in alternate Octobers. Everybody thinks the World Series starts too late, but nobody wants to shave the regular schedule of 162 games to open the Series earlier. Television ratings were "impressive," the commissioner says, but Fonzarelli still outdrew the Cincinnati Keds and New York Yankees in the Nielsen boxscore. And two days after the clans disperse here, Charley F'inley will appear in federal court in Chicago to sue Bowie Kuhn for a million dollars because Joe Rudi wound up in Anaheim instead of Boston or Oakland. Last December, the 1,200 executives and spear-carriers from the two major leagues and seven minor leagues met in Florida. The tone was set early when the "free-agent draft" of amateur players took only 29 minutes: 22 to call the roll and seven to select the five ball players who were rated the best floating prospects. Then they spent the rest of the week arguing, trading and worrying that the new year would bring only trouble. They were right. Within three months, the spring-training camps were locked, the players were marching through a long winning streak in the courts and the "free-agent draft" was turning into a wild auction for professional stars instead of farmhands. , Now the owners have moved their meeting from Hollywood, Fla., to Hollywood, Calif., and the move has dramatic possibilities. When they gavel themselves to attention Monday morning, they will be trying to make some sense out of a scenario filled with intrigue, plots, subplots, feuds, lots of money and a cast of thousands. They are only four months from opening day, 1977, 0 ttHEflBT 0PENSDE&9TH tuti n FUN IN THE SUN Driviiigwear, chippingwear, puttiiigwear, Munsingwear. HOLIDAY HOURS: lake Park Only MON.-FRI. 9:30-9 00 SAT. 9:30 5:30 SUN. 1:00-5:00 LW Stare 9:30 5:30 MON.-SAT. cLlL WORLD'S wC" FASTEST V GAME! W PARI-MUTUEL IP BETTING (L WINNER fMrji; T0NITE! J Lf&9 s..r,. no on.y jrlormanceS undir it I Monday thru amitn!i jft Saturday. Doors a 4fi Open 6:30 P.M. llt'nNtrl l Matinees: Mon., T Ooors Open at V ' 11:30 A.M. W ' f Admissions from 50c. Acres of Free Parking itiflfaGtSlfA I iHi iEP MOD GIGfl) g) tf GD Ul. 7117 LAKE H tmm GSU! if TENNIS LAKE WORTH RD. WORTH, FLA 33460 67 932 NORTHLAKE BLVD. LAKE PARK, FLA 33403 842 9918 THE PALM BEACH HEADQUARTERS FOR PRESENTS I (Mjpi Willi J Servingwear, lobbingwear, smashingwear, Munsingwear. ACRYLIC ENAMEL comnm txmioR Single original color acrylic enamel baked on to o n showroom finish. 2 year t written guarantee prorated against peeling or flakingt 1 Us munsingwear n O GOLF O TENNIS O VACATIONING O CASUAL O MESH O POLYESTER O COTTON O NYLON O SOLIDS O STRIPES O TRIMS O RUGBY O PRINTS GrandSlam "THE PRO SHOP WHERE THE PRO'S SHOP" 12: ELECTRO GLAZE The finest Your choice of color Exterior only. 3 year written guarantee pro-rated againtt peeling & flaking. 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