Under the terms of his $53 million contract, Pedro Martinez receives a $3.5 million signing bonus and salaries of $10 million, $14 million, $14 million and $11.5 million.
The signing bonus is spread out, and $10 million in salary from the last three years is deferred at 5 percent interest. In addition to his salary, Martinez will receive a luxury suite at Shea Stadium for every home game and a hotel suite on all road trips. He can earn millions in incentives, but he’ll need to win multiple Cy Young awards to make that happen.