Two members of the New York Yankees recently reached an important milestone.
According to Lindsey Adler of The Athletic, third baseman Josh Donaldson and relief pitcher Zack Britton reached 10 years of service time in MLB, which is actually a meaningful achievement for a lot of reasons.
Yesterday marked 10 years of major-league service time for Josh Donaldson and Zack Britton. Congrats to them on the milestone.
— Lindsey Adler (@lindseyadler) April 21, 2022
It means they have been good and consistent enough to remain in the best baseball league in the world for a decade.
In both cases, we can say that they still have at least a few more years left at the highest level.
However, there are tangible benefits of reaching 10 years of service time in The Show.
Even for players who earn millions during their playing career, MLB’s payment plan for fully vested members is an enticing enough goal that they patiently wait for it.
Financial Security Is Always Nice
The career of an athlete is not always smooth financially speaking: some players are smart with their money, investment, and savings, but others spend it as quick as they get it.
Financial security for life is something that would excite anybody.
According to a USA Today article from 2018, here is what 10-year veterans get:
“The plan pays fully vested members a minimum of nearly $68,000 a year for those who start drawing at 45, with a sliding scale that goes up to $220,000 for beneficiaries who wait until age 62. The payout is even more meaningful for coaches, managers and trainers, who are also eligible and have lower salaries,” the article says.
Donaldson and Britton (who happens to be one of the most prominent voices in the Players Association) will now enjoy those benefits, among others.
It’s a happy day for both of them.