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Friends University Management Player Contract Discussion

 

Assignment 4

Coco Crisp is coming out of retirement to play baseball for the Royals.  His agent has negotiated a 3-year deal that pays him $1 million in year 1, $1.5 million in year 2, and a team option of $2 million in year 3, with a $500,000.00 buyout.  Draft a contract between Coco Crisp and the Royals outlining these basic terms, as well as other essential contract terms discussed in Chapter 5, including: 

party designations;

terms of the agreement;

warranties and representations;

obligations and duties; and