Cy Young award earns Felix Hernandez an extra $2.5 million

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Lost in the debate about the value of win-loss records or sabermetrics versus old-school is that winning the Cy Young award yesterday earned Felix Hernandez a whole bunch of extra money thanks to incentives in his contract.

Hernandez receives a $1 million bonus for winning the award and his salaries for the next three seasons rise by $500,000 per year, for a grand total of $2.5 million.

Not a bad haul for winning something voted on by 28 writers.