NEW YORK -- On the day the owners transferred $120 million in collusion damages to money market accounts in two banks in Texas, Mike Witt, one of the players colluded against in 1987, gained his personal benefits yesterday.
Witt, a new-look free agent as a result of the collusion settlement between the owners and the players, agreed with the New York Yankees on a three-year contract worth $8 million. The contract makes him the third highest-paid Yankee ever, behind Don Mattingly and Steve Sax.
Witt, who has a 114-113 career record, will receive a $500,000 signing bonus and salaries of $2.25 million, $2.75 million and $2 million. The Yankees have an option on a fourth year at $3 million or they will pay Witt $500,000.