Pen has a silver clip near the top with "Regal / 39c / Carbide Ball Fine." Hunter was afraid his career might be over in the summer of 1978, because of shoulder problems. Catfish Hunter's 1974 baseball contract with the Oakland Athletics called for half of his $100,000 salary to be paid to a life insurance company of his choice for the purchase of a deferred annuity. Find the amount of the annual salary payments. In September, the pitcher turned to Washington attorney and agent Jerry Kapstein for help, and reported the pertinent details. 1974 December 31. Catfish Hunter had 2,012 strikeouts over his career. Catfish was leaning toward San Diego, although Cherry was still championing the Royals. (12 x $4,166.67 = $50,000.04. I told him, I don't want it that way. Catfish was the clear ace, making four more All-Star teams in Oakland while averaging an incredible 38 starts and 281 innings per year, not counting postseason. Hunter listened, and never spent a day in the minors. They drove up to a little landing strip in Suffolk, Va., and we landed in New York at 5:30. Those three seasons, 1972-74, ended with the A's as World Champions each time. It was also the location of the law offices of J. Carlton Cherry, Hunters 68-year-old longtime attorney, who had maintained a practice in town for some 45 years. Keep up with headlines and events at the Baseball Hall of Fame, and see who will be taking their place in history next. When Coach Morris Buttermaker (Walter Matthau) is trying to get Amanda Wurlitzer (Tatum O'Neal) to pitch for his Little League team, Amanda makes a number of outlandish demands (such as imported jeans, modeling school and ballet lessons) as conditions for joining the team. (Hunter wished to have such an annuity in lieu of immediate salary for tax reasons. Hunter won his Opening Day start in 1977, limiting the Milwaukee Brewers to three hits over seven shutout innings in a 30 victory on April7. Telling the pitcher to lay low until the end of the season, the agent said that hed visit Cherry in North Carolina over the winter to work out details. Catfish Hunter of the New York Yankees warms-up during spring training in March, 1975 in . He lost 12 games and had a 2,49 earnedrun average. Yankees Sign Up Catfish Hunter In Estimated $3.75Million Deal, https://www.nytimes.com/1975/01/01/archives/yankees-sign-up-catfish-hunter-in-estimated-375million-deal-hunter.html. - B-NY76-B (Doug McWilliams / National Baseball Hall of Fame Library), One thing worried me, Miller later reflected. : It is my opinion that Hunter still belongs to the A's. I was in my office for half a day and I was wearing a sweat shirt, related Greenwald, a leading tax attorney. Use without license or authorization is expressly prohibited. in Hertford, NC Hunters team claimed that Finley knew everything about the annuity arrangement from the beginning and willingly defaulted. When Kluttz called his wife, Wayne, from the airport to tell her that he and Paul were homeward bound, she surprised him with instructions to stay put. Two weeks after he won his arbitration, Hunter became the highest-paid player in baseball and highest-paid pitcher in history when he signed a five-year contract with the New York Yankees worth $3.35 million. As for the New York Mets, Flythe said: I informed Mr. Grant [M. Donald, the Mets board chairman] yesterday that his proposal was pretty far down the line and I wouldn't be calling him again unless he wanted to increase the offer.. Before long the Owner denied having agreed to anything, claiming he never saw the wording appended by Cherry. All proceeds from the weekend benefit ALS research. That is exactly how Cherry wrote the addendum: $50,000 per year, to be paid at regular intervals through the season, and $50,000 disbursed to an entity of Hunters choosing. But he told great stories. As a fellow North Carolinian, hed endeared himself to the Hunter family, earning extra points shortly after Hunter first signed when Finley tried to backtrack and get the teenager to agree to a second contractdated 1965 instead of 1964that would have allowed him to be sent to the minors without penalty owing to the expiration of the bonus baby rule. In spring training, he was diagnosed with diabetes[27][28] and combined with his chronic arm trouble the disease began to sap Hunter's energy. Thats more money than we wanted to pay, he exuded, but well do it., There was only one catch. In addition to the money, Hunter got the bonuses he was looking for including guaranteed insurance payments and annuities for college tuition for his two children. There was no indication what it was about. I believe there was a higher offer, but no matter how much money offered, if you want to be a Yankee, you don't think about it.. (a) Using an annual effective interest rate of 6% (a rate that figures in a six-year personal loan of $120,000 that Oakland's owner Charlie Finley had made to Hunter in 1969 and then promptly recalled), find the value of the specified payments to the insurance company at the scheduled time of the last payment. National Baseball Hall of Fame and Museum. Or write about sports? Ring out the old. He was owed $100,000 total in 1974, with $50,000 to be paid to him directly from Finley and the remaining half to be issued in monthly payments on an insurance annuity. "We don't belong to anybody", he told his wife.[2]. Only a portion of NBHFM's collection is currently online and the information presented here is subject to updates and additions based on research and imaging activities. [3] The song was later released by Dylan, Joe Cocker and Kinky Friedman. In the Marvel Comics' Tomb of Dracula #51 (December 1976, page 26), the narrative written by Marv Wolfman states that "Dracula throws Blade through a window with the ease of Catfish Hunter throwing a fastball. All rights reserved. Finley, unwilling to consider anybodys terms but his own, refused. Desperate to find a suitable arrangement, he even offered up insanity: a 10-year contract at $15,000 per season in lieu of the $150,000 that he owed. . Upon landing in New York at 6:00 p.m., the group sped to Pauls office, where they pored over the details, point by point. [41] An annual softball event is held in Hertford in memory of Hunter. At Hunters salary$21,500 in 1969, $33,200 in 70it was a stretch, but worth it. September 9, 1999 Kluttz was no fan of the urban environment, but there were places on the outskirts with space to breathe. The Rangers discussed a generous straight salary, plus a farm annuity, plus $30,000 a year for 15 years. Bio/Historical Note Pen used by Jim "Catfish" Hunter to sign a five-year contract estimated at $3.75 million with the New York Yankees on December 31, 1974. There was no questioning, however, that Catfish meant every word he said. Many thanks to him. This was the pitcher who was the object of the affections and treasuries of teams that sent a constant stream of representatives to the tiny town of Hertford where Hunter has lived all of his life and the tiny town of Ahoskie where the law firm of Cherry, Cherry and Flythe has its offices. When you play with guys like that, you feel blessed."[42]. Catfish Hunter was elected into the Hall of Fame in 1987. Become a Stathead & surf this site ad-free. . "How a contract breach led Catfish Hunter to become baseball's first real free agent", "Catfish forever altered economics of sports", "Catfish selects Yankees, Pirates offer short $ $", "Hunter ruling stands but Finley to appeal", "Yearly League Leaders & Records for Complete Games", "Blue Jays Beat Yanks; Hunter on Disabled List", "Catfish Hunter still planning on retirement", "Hunter regains consciousness after fall", "Ace pitcher and baseball's first free-agent star", "Hunter Is Buried in the Town Where He Learned Baseball", "Perquimans County Chamber of Commerce/Visitor Center & Jim "Catfish" Hunter Museum", The ALS Association Jim "Catfish" Hunter Chapter, https://en.wikipedia.org/w/index.php?title=Catfish_Hunter&oldid=1136285306, May 13,1965,for theKansas City Athletics, September 17,1979,for theNew York Yankees, Career statistics and player information from, This page was last edited on 29 January 2023, at 16:54. The display swayed MacPhail, who later said, The Oakland club offered everything to which [Hunter] is entitled. View Catfish Hunter's Page at the Baseball Hall of Fame (plaque, photos, videos). Contact SABR, LnRiLWhlYWRpbmcuaGFzLWJhY2tncm91bmR7cGFkZGluZzowfQ==, LnRiLWZpZWxke21hcmdpbi1ib3R0b206MC43NmVtfS50Yi1maWVsZC0tbGVmdHt0ZXh0LWFsaWduOmxlZnR9LnRiLWZpZWxkLS1jZW50ZXJ7dGV4dC1hbGlnbjpjZW50ZXJ9LnRiLWZpZWxkLS1yaWdodHt0ZXh0LWFsaWduOnJpZ2h0fS50Yi1maWVsZF9fc2t5cGVfcHJldmlld3twYWRkaW5nOjEwcHggMjBweDtib3JkZXItcmFkaXVzOjNweDtjb2xvcjojZmZmO2JhY2tncm91bmQ6IzAwYWZlZTtkaXNwbGF5OmlubGluZS1ibG9ja311bC5nbGlkZV9fc2xpZGVze21hcmdpbjowfQ==, 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, http://sabr.org/sites/default/files/CatfishHunter.JPG, /wp-content/uploads/2020/02/sabr_logo.png, lost Game Four in ten innings by the same score. And when it came time for the American League's 1974 Cy Young Award winner to make his choice, he was swayed not by the money but by Kluttz's involvement and the Yankee image. Without its ace, Finleys As would fall to last place by 1977. When Hunter asked, however, what would happen to the contract after he died, Kansas City GM Joe Burke told him that his demise would be the termination point. Hunter, a major leaguer for 10 years, tied for the most victories, in the majors last season with 25. Based on those facts, it would appear to me you will be a free agent, Kapstein said. Hunter has been the subject of numerous popular culture references, including the Bob Dylan song "Catfish". Phone: 602.496.1460 Pen has a silver clip near the top with "Regal / 39c / Carbide Ball Fine."