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BUSINESS
March 4, 2010
WASHINGTON - The Senate has rejected President Barack Obama's proposal to give a $250 bonus payment to people on Social Security. The proposal failed by a 50-47 vote in which Republicans and Democratic budget hawks opposed the idea for adding $14 billion to the budget deficit. Proponents said the $250 payment was needed to make up for the lack of a cost-of-living adjustment this year for beneficiaries. Disabled people and veterans also would have been eligible for the payments. - Associated Press
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SPORTS
By Matt Zenitz and Baltimore Sun Media Group | October 2, 2014
Maryland announced on Thursday that football season ticket sales have increased 25 percent since last year. That means coach Randy Edsall will receive a $100,000 bonus, according to Edsall's contract. Edsall signed a six-year deal with the Terps in 2011 that is worth $2 million annually. Among the incentives in the contract is a $100,000 bonus if Maryland's season ticket sales increase 25 percent or more in a year. In addition to season ticket sales, the Terps' overall attendance is up 25 percent from last season, the biggest increase of any school within the Power 5 conferences.
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NEWS
April 7, 2011
In its coverage of the reactions to the negotiated changes to the state's pension plans ("State workers decry new pension plan", April 6), the changes described the financial help given to state employees due to the increase from 5 to 7 percent in their withholdings for pension contributions. Not mentioned in this increase is that deductions are pretax and part of the increased withholding will be offset by a reduction of payroll withholding taxes to this increase. But we also read that employees will be receiving a $750 bonus to help "smooth the transition" to the new plan.
NEWS
By Scott Dance and The Baltimore Sun | September 21, 2014
A satellite that has been hurtling toward Mars for the past 10 months slammed on the brakes Sunday night, gliding into the red planet's gravity field to spend a year studying its atmosphere - and hopefully collect evidence that Mars might once have supported life. On a mission managed from NASA Goddard Space Flight Center in Greenbelt, the MAVEN spacecraft neared completion Sunday night of a 442 million-mile journey by firing six thrusters in reverse and being pulled into Mars' gravity field.
NEWS
By Mary Gail Hare, The Baltimore Sun | January 22, 2012
Nearly 2,000 Harford County government employees received a bonus last month, but, time is running out for several thousand educators whose union has rejected County Executive David R. Craig's one-time offer. The dispute pits Craig, who is term-limited and considering a run for higher office, against the county's most powerful and largest union, of which he was once a member. Craig and leaders of the Harford County Education Association say they are still trying to resolve the impasse that has put a damper on his much publicized plan to distribute $11 million from a budget surplus among local employees.
SPORTS
By Jeff Barker | jeff.barker@baltsun.com | March 10, 2010
Maryland's success in tying for first place in the Atlantic Coast Conference men's basketball standings means not only bragging rights for the Terps and their fans, but also a lucrative bonus for coach Gary Williams and smaller bonuses for his assistants. Williams' contract calls for him to receive $318,000 "if the men's basketball team finishes the regular season in a two-way tie for first place in the ACC men's basketball standings." The 19th-ranked Terrapins finished tied with No. 4 Duke at 13-3.
SPORTS
By Jeff Barker | jeff.barker@baltsun.com | March 9, 2010
Maryland's success in tying for first place in the Atlantic Coast Conference men's basketball standings means not only bragging rights for the Terps and their fans, but also a lucrative bonus for coach Gary Williams and smaller bonuses for his assistants. Williams' contract calls for him to receive $318,000 "if the men's basketball team finishes the regular season in a two-way tie for first place in the ACC men's basketball standings." The 19th-ranked Terrapins finished tied with No. 4 Duke at 13-3.
NEWS
By Jessica Anderson, The Baltimore Sun | November 21, 2011
Three of five unions representing Harford County schools employees have agreed to a contract change that would allow for the $1,250 bonuses proposed by County Executive Daniel R. Craig earlier this month. Craig presented legislation to the County Council to approve, giving all county employees a check for $625 in December and a second check the last week of June. The County Council will hear public testimony and is expected to make a decision Dec. 6. The Board of Education has to change existing contracts with five employee unions to distribute the bonuses, if the council approves the measure.
SPORTS
By Jeff Zrebiec | March 16, 2012
Left tackle Bryant McKinnie appeared to remove any lingering doubt when he went to his Twitter account last night to tell Ravens fans that team officials confirmed to him that he would back for this coming season. So it was no surprise that 4 p.m. today came and went, and McKinnie, who started all 18 games last season, remained on the roster. The Ravens informed McKinnie that they will pick up his $500,000 roster bonus, which was due today. With free agent right tackle Eric Winston having scheduled a visit to Baltimore, there were some questions about McKinnie's future with the Ravens. There's still plenty that could happen in free agency or the draft, but today's development solidifies McKinnie as the starting left tackle for now. Still, it wouldn't be surprising if the Ravens drafted a left tackle in April because McKinnie has only one more year remaining on his contract.
SPORTS
By Sandra McKee, The Baltimore Sun | September 7, 2010
Twelve days ago MI Developments Inc. revealed a $5.5 million bonus program for the Grade I Preakness at Pimlico Race Course. Tuesday, the company announced a similar, $2.2 million bonus for the Grade II Black-Eyed Susan stakes that has been traditionally run for fillies the Friday before the Preakness. To qualify for the $2.2 million bonus, $2 million of which goes to the owner and $200,000 to the trainer, a filly has to win three designated races at Gulfstream Park (the Forward Gal Stakes, the Davona Dale and the Oaks)
BUSINESS
By Natalie Sherman | April 29, 2014
The CEO of a Hunt Valley-based real estate investment trust, which has a portfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country. Omega Healthcare Investors, Inc. CEO C. Taylor Pickett received a $700,000 base salary and a $1.05 million cash bonus in 2013. Chief Operating Office Daniel J. Booth was awarded $3.92 million in compensation for the year, while Chief Financial Officer Robert O. Stephenson received $3.03 million, according to a proxy statement filed with the Securities and Exchange Commission Tuesday.
NEWS
By Alison Knezevich and Liz Bowie, The Baltimore Sun | April 15, 2014
Baltimore County Executive Kevin Kamenetz released a budget proposal Tuesday that he says is part of a long-term plan to eliminate school overcrowding, resulting in a surplus of classroom seats by 2021. The county could face a shortage of 1,400 seats by then without aggressive funding, said Kamenetz, whose proposal was the final budget address of his current term. "If there is a shortage of seats, that means more trailers and larger class sizes," the county executive said at a news briefing before the budget unveiling.
SPORTS
By Jeff Barker and The Baltimore Sun | April 11, 2014
The Maryland women's basketball team's run to the Final Four triggered bonuses topping $100,000 for head coach Brenda Frese. The Terps upset top-seeded Tennessee and recorded three other NCAA tournament victories to advance to their first Final Four since 2006. Frese's bonuses total $100,507, based on her contract terms. According to the contract, Frese was to get “competition bonuses” for reaching the NCAA tournament's first round ($5,000), second round ($10,000), Sweet Sixteen ($15,000)
SPORTS
By Aaron Wilson, The Baltimore Sun | March 15, 2014
Newly-minted Ravens wide receiver Steve Smith is due $9.5 million in total compensation this year, according to league sources. Smith is due $5 million from the Carolina Panthers: $3 million in guaranteed salary and another $2 million in deferred bonuses. The 34-year old five-time Pro Bowl selection gets $4.5 million from the Ravens in the first year of his three-year, $11 million contract. That includes a $1 million base salary and a $3.5 million signing bonus. Smith has a $2.166 million first-year salary-cap figure for the 2014 league year.
SPORTS
By Jeff Zrebiec and Aaron Wilson, The Baltimore Sun | March 15, 2014
On his way to Baltimore on Thursday night, Steve Smith got a phone call from New England head coach Bill Belichick who told the free agent wide receiver that he wanted him to play for the Patriots and catch passes from Tom Brady. The reigning Super Bowl champion Seattle Seahawks also called and Smith said the San Diego Chargers - coached by Mike McCoy, his former passing game coordinator in Carolina - made him a contract offer. But as Smith pondered a move for the first time in his 13-year NFL career, he concluded that there was no need to make any more visits after Baltimore.
NEWS
By Kevin Leonard | March 13, 2014
After six years of lobbying by the American Legion and Veterans of Foreign Wars, Congress passed legislation in 1924 that provided for a bonus, based on length and place of service, to World War I veterans. Recipients who were due $50 or less were paid immediately, but, according to the legislation, the rest were to be paid in 1945, 21 years later. Once the Great Depression set in, the bonus due them was becoming more and more vital to the veterans. The idea for a march on Washington to speed up payment began in Portland, Ore., led by World War I veteran Walter Waters.
SPORTS
By Ross Peddicord and Ross Peddicord,Sun Staff Writer | September 5, 1994
Horsemen who won purse money at the Timonium meet might be in for a pleasant surprise -- a bonus -- when the final betting numbers, less operating expenses, are calculated in a couple of weeks."
SPORTS
By Matt Zenitz and Baltimore Sun Media Group | October 2, 2014
Maryland announced on Thursday that football season ticket sales have increased 25 percent since last year. That means coach Randy Edsall will receive a $100,000 bonus, according to Edsall's contract. Edsall signed a six-year deal with the Terps in 2011 that is worth $2 million annually. Among the incentives in the contract is a $100,000 bonus if Maryland's season ticket sales increase 25 percent or more in a year. In addition to season ticket sales, the Terps' overall attendance is up 25 percent from last season, the biggest increase of any school within the Power 5 conferences.
SPORTS
By Dan Connolly and The Baltimore Sun | March 10, 2014
SARASOTA, Fla. -- Orioles third baseman Manny Machado has agreed to a $519,000 contract renewal for 2014 -- slightly above this year's league minimum of $500,000 -- but the 21-year-old is somewhat disappointed with the figure. Machado will also receive an additional $100,000 bonus for winning the 2013 Platinum Glove Award as the American League's best defender. “It is disappointing, but at the end of the day, you just have to go out and play,” said Machado, who made $495,000 last season and received a $25,000 bonus for making his first All-Star team. Similarly, the Platinum Glove bonus will not be calculated as part of his 2014 base salary.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | February 27, 2014
Columbia's W.R. Grace & Co. said Thursday that it will give CEO Fred E. Festa a $1.5 million cash payment, part of a package of "emergence" bonuses in the wake of its exit from a nearly 13-year-long bankruptcy case. The chemical maker, which filed for Chapter 11 bankruptcy protection in 2001 after asbestos claims against it soared, said its reorganization plan allowed for $6 million in such payments. Grace emerged from bankruptcy protection Feb. 3. It expects to pay the bonuses in March.
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