Ryne Sandberg of the Chicago Cubs signs 30 million extension

Ryne Sandberg Chicago Cubs (2)

On March 2, 1992 – The highest-paid player tag now belongs to Ryne Sandberg of the Chicago Cubs. The All-Star second baseman signs a four-year contract extension worth $7.1 million per season was more than 20% higher than the previous record of $5.8 million per season set by Bobby Bonilla in 1991.

Bonuses
The contract included bonus provisions that tied Sandberg’s payments to his finish in MVP voting and his Gold Glove and Silver Slugger awards.

Personal services contract
The contract also included a $2 million personal-services contract to be paid after Sandberg retired.

Length
The contract kept Sandberg with the Cubs through 1996.

Response
Sandberg responded to the contract extension by having his ninth consecutive All-Star season in 1992, batting .304 with 26 home runs and 87 RBIs

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