Tim Wakefield

Boston Red Sox, Starting Pitcher
Age: 58y-4m-19d (Aug 02, 1966)
Exp: 19 Years
Country: US
College: Florida Tech
Drafted: Round 8 (#200 overall), 1988
Agent(s): Barry Meister
RETIRED

2010-2011

Tim Wakefield signed a 2 year , $5,000,000 contract with the Boston Red Sox, including $5,000,000 guaranteed, and an average annual salary of $2,500,000.
Contract Terms:
2 yr(s) / $5,000,000
Average Salary:
$2,500,000
Signing Bonus:
N/A
Free Agent:
2012 / UFA
Year Age PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2010 43 $3,500,000 $2,500,000 - $3,500,000 $3,500,000
2011 44 $1,500,000 $2,500,000 - $1,500,000 $5,000,000
2012 45
UFA
Year Age Service Base Salary Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2010 43 - $3,500,000 - - $3,500,000 $2,500,000
2011 44 - $1,500,000 - - $1,500,000 $2,500,000
2012 45 --
UFA
Year Age Base Salary Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2010 43 $3,500,000 $3,500,000 $3,500,000 $5,000,000 $3,500,000 $2,500,000
2011 44 $1,500,000 $1,500,000 $5,000,000 $1,500,000 $2,500,000 $1,500,000
Contract Notes
  • 2011 salary increased to $2 million due to IP escalator in 2010. 
  • $75k for 11-15 games
  • $150k for 16-20 games
  • $200k for 21-30 games
Source: MLB contract specifics generally collected from verified reports.

2006-2008

Tim Wakefield signed a 1 year , $4,000,000 contract with the Boston Red Sox, including $4,000,000 guaranteed, and an average annual salary of $4,000,000.
Contract Terms:
1 yr(s) / $4,000,000
Average Salary:
$4,000,000
Signing Bonus:
N/A
Free Agent:
2009 / UFA
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2003-2005

Tim Wakefield signed a 3 year , $13,020,000 contract with the Boston Red Sox, including $13,020,000 guaranteed, and an average annual salary of $4,340,000.
Contract Terms:
3 yr(s) / $13,020,000
Average Salary:
$4,340,000
Signing Bonus:
N/A
Free Agent:
2006 / UFA
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2001-2002

Tim Wakefield signed a 2 year , $6,500,000 contract with the Boston Red Sox, including $6,500,000 guaranteed, and an average annual salary of $3,250,000.
Contract Terms:
2 yr(s) / $6,500,000
Average Salary:
$3,250,000
Signing Bonus:
N/A
Free Agent:
2003 / UFA
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1997-2000

Tim Wakefield signed a 4 year , $14,500,000 contract with the Boston Red Sox, including $14,500,000 guaranteed, and an average annual salary of $3,625,000.
Contract Terms:
4 yr(s) / $14,500,000
Average Salary:
$3,625,000
Signing Bonus:
N/A
Free Agent:
2001 / UFA
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1996-1996

Tim Wakefield signed a 1 year , $450,000 contract with the Boston Red Sox, including $450,000 guaranteed, and an average annual salary of $450,000.
Contract Terms:
1 yr(s) / $450,000
Average Salary:
$450,000
Signing Bonus:
N/A
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1995-1995

Tim Wakefield signed a 1 year , $175,000 contract with the Pittsburgh Pirates, including $175,000 guaranteed, and an average annual salary of $175,000.
Contract Terms:
1 yr(s) / $175,000
Average Salary:
$175,000
Signing Bonus:
N/A
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Seasons

19 Years

Career Earnings thru 2025

$55,345,000

Earnings w/ Different Teams

1 team

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
1995 28
Active
$175,000
$175,000
1996 29
Active
$450,000
$625,000
1997 30
Active
$2,500,000
$3,125,000
1998 31
Active
$3,500,000
$6,625,000
1999 32
Active
$4,000,000
$10,625,000
2000 33
Active
$4,500,000
$15,125,000
2001 34
Active
$3,000,000
$18,125,000
2002 35
Active
$3,200,000
$21,325,000
2003 36
Active
$4,030,000
$25,355,000
2004 37
Active
$4,350,000
$29,705,000
 Champion
2005 38
Active
$4,640,000
$34,345,000
2006 39
Active
$4,000,000
$38,345,000
2007 40
Active
$4,000,000
$42,345,000
 Champion
2008 41
Active
$4,000,000
$46,345,000
2009 42
Active
$4,000,000
$50,345,000
2010 43
Active
$3,500,000
$53,845,000
2011 44
Active
$1,500,000
$55,345,000
Total
$55,345,000

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
17 $55,345,000 - - $55,345,000
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
1995
28
$175,000
$175,000
$175,000
1996
29
$450,000
$450,000
$625,000
1997
30
$2,500,000
$2,500,000
$3,125,000
1998
31
$3,500,000
$3,500,000
$6,625,000
1999
32
$4,000,000
$4,000,000
$10,625,000
2000
33
$4,500,000
$4,500,000
$15,125,000
2001
34
$3,000,000
$3,000,000
$18,125,000
2002
35
$3,200,000
$3,200,000
$21,325,000
2003
36
$4,030,000
$4,030,000
$25,355,000
2004
37
$4,350,000
$4,350,000
$29,705,000
2005
38
$4,640,000
$4,640,000
$34,345,000
2006
39
$4,000,000
$4,000,000
$38,345,000
2007
40
$4,000,000
$4,000,000
$42,345,000
2008
41
$4,000,000
$4,000,000
$46,345,000
2009
42
$4,000,000
$4,000,000
$50,345,000
2010
43
$3,500,000
$3,500,000
$53,845,000
2011
44
$1,500,000
$1,500,000
$55,345,000
Total
$55,345,000
$55,345,000

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
17 $55,345,000 - - $55,345,000
  • Feb 17, 2012 Retired from Professional Baseball
  • Nov 09, 2009 Signed a 2 year $5 million contract with Boston
  • Oct 31, 2008 Boston (BOS) exercised $4 million option for 2009
  • Nov 02, 2007 Boston (BOS) exercised $4 million option for 2008
  • Oct 30, 2006 Boston (BOS) exercised $4 million option for 2007
  • Apr 19, 2005 Signed a 1 year $4 million contract with Boston (BOS)
  • Nov 11, 2002 Signed a 3 year $13.02 million contract with Boston (BOS)
  • Jun 01, 1988 Drafted by Pittsburgh (PIT): Round 8 (#200 overall)
Year Team GP GS PA AB R H 2B 3B HR RBI TB BB K SB AVG OBP SLG OPS H R ER BB K HR W L SV IP ERA WHIP WAR

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TRANSACTIONS

Feb 17, 2012
Retired from Professional Baseball
Nov 09, 2009
Signed a 2 year $5 million contract with Boston
Oct 31, 2008
Boston (BOS) exercised $4 million option for 2009
Nov 02, 2007
Boston (BOS) exercised $4 million option for 2008
Oct 30, 2006
Boston (BOS) exercised $4 million option for 2007
Apr 19, 2005
Signed a 1 year $4 million contract with Boston (BOS)
Nov 11, 2002
Signed a 3 year $13.02 million contract with Boston (BOS)
Jun 01, 1988
Drafted by Pittsburgh (PIT): Round 8 (#200 overall)

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