While Cal Ripken Jr. is retired from professional baseball, his most significant earnings during his storied playing career came from a major contract signed with the Baltimore Orioles. This notable agreement was valued at $30,500,000 over a five-year period.
Understanding Cal Ripken Jr.'s Major Contract
Cal Ripken Jr., widely known as "The Iron Man" for his record-breaking consecutive games played, secured a substantial contract that reflected his value to the Baltimore Orioles. This agreement provided him with a guaranteed total amount and an impressive average annual salary during its term.
Key Financial Details
The five-year contract signed by Cal Ripken Jr. included several key financial components:
- Total Contract Value: The overall worth of the agreement was $30,500,000.
- Guaranteed Amount: The entire sum of $30,500,000 was guaranteed, meaning he was assured of receiving this full amount regardless of injuries or performance.
- Signing Bonus: A significant portion of the contract included a $3,000,000 signing bonus, paid upon the agreement's execution.
- Average Annual Salary: Over the five-year duration of the contract, his average annual salary amounted to $6,100,000.
Contract Breakdown
To provide a clear overview, here are the details of Cal Ripken Jr.'s major contract:
| Detail | Value |
|---|---|
| Duration | 5 Years |
| Total Value | $30,500,000 |
| Signing Bonus | $3,000,000 |
| Guaranteed Amount | $30,500,000 |
| Average Annual Salary | $6,100,000 |
This contract represented a significant portion of his career earnings, solidifying his financial standing as one of baseball's elite players during his active years.
