Current:Home > FinanceWander Franco earns $700,000 bonus from MLB pool despite ongoing investigation -Pinnacle Profit Strategies
Wander Franco earns $700,000 bonus from MLB pool despite ongoing investigation
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 01:40:42
NEW YORK (AP) — Wander Franco will receive a bonus from Major League Baseball of more than $700,000 despite being placed on administrative leave in August while under investigation for an alleged relationship with a minor.
Franco will get $706,761 as part of MLB’s pre-arbitration bonus pool, a fund agreed to by the league and players’ association as part of their 2022 labor contract. The bonus pool was created to reward young players, most who earn at or just above the minimum major league salary based on how long they’ve been in the big leagues.
The 22-year-old Franco was having an All-Star season before being sidelined in August, when authorities in the Dominican Republic began investigating claims that Franco had been in a relationship with a minor. MLB launched its own investigation, placing Franco on the restricted list on Aug. 14 before moving him to administrative leave on Aug. 22. Both investigations are ongoing.
The $50 million MLB bonus pool is distributed based on a joint Wins Above Replacement formula designed to measure a player’s on-field contributions, and Franco accrued 4.8377 WAR, which caused his bonus to rank 13th among eligible players. The pool also takes into account MVP, Cy Young and Rookie of the Year voting and selection to the all-MLB first and second teams.
Franco was still paid while on administrative leave and continued to receive his $2 million salary. He also has a $2 million salary next season as part of a $182 million, 11-year contract that started in 2022. If he is suspended at the conclusion of the investigation, he would not be paid for the duration of that ban.
Before his season was cut short, Franco had been projected to get $896,755 in the pool, according to WAR calculations through June 26. Payments are due by Dec. 31. Franco’s two-year bonus pool total is $999,545.
He made his first All-Star team this year and hit .281 with 17 homers, 58 RBIs and 30 stolen bases in 112 games.
___
AP MLB: https://apnews.com/hub/MLB
veryGood! (4622)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 18 burned bodies, possibly of migrants, found in northeastern Greece after major wildfire
- Cleveland Guardians' Terry Francona planning multiple operations, possible retirement
- The voice of Mario is stepping down: Charles Martinet moves to Nintendo ambassador role
- This was the average Social Security benefit in 2004, and here's what it is now
- Zendaya and Jason Derulo’s Hairstylist Fires Nanny for Secretly Filming Client
- Officials say a jet crash in Russia kills 10, Wagner chief Prigozhin was on passenger list
- NFL cornerback Caleb Farley leans on faith after dad’s death in explosion at North Carolina home
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- As hip-hop turns 50, Biggie Smalls' legacy reminds us of what the genre has survived
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- European firefighters and planes join battle against wildfires that have left 20 dead in Greece
- Build Your Capsule Wardrobe With These 31 Affordable Top-Rated Amazon Must-Haves
- Authorities investigate whether BTK killer was responsible for other killings in Missouri, Oklahoma
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Titans rookie Tyjae Spears leads this season's all-sleeper fantasy football team
- Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain stores
- Ecuador votes to stop oil drilling in the Amazon reserve in historic referendum
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Montana youth climate ruling could set precedent for future climate litigation
Why Priscilla Presley Knew Something Was Not Right With Lisa Marie in Final Days Before Death
Body cam video shows police finding woman chained to bedroom floor in Louisville, Kentucky
'Most Whopper
Aaron Rodgers no longer spokesperson for State Farm after 12-year partnership, per report
Hawaii's economic toll from wildfires is up to $6 billion, Moody's estimates
Lawsuit settled over widespread abuse of former students at shuttered West Virginia boarding school