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July 1, 2014 /Fun Facts /

Top 10 Bizarre Deals and Contracts

Over the course of history, and the not so distant past, there have been many bizarre requests, contracts signed and out-of-the-ordinary agreements made in business, politics, music, sports and even childhood promises to best friends. In honor of National ESIGN Day yesterday, and our weeklong celebration, we count them down for you here!

10.  Elvis Presley had a record deal with RCA Victor for $40,000, the largest amount paid for a single performer by a record company up to that time. The catch: Elvis never signed the contract! Presley was a minor at the time, and therefore his father had to sign on his behalf.

9. Baseball star, Alex Rodriguez, signed a 10-year contract with the Yankees in December 2007 that guaranteed him $275 million in cash.  However, this deal didn’t include seats to the game, but did give A-Rod the option of purchasing tickets!

8. The band Van Halen contractually required that a bowl of M&M’s have all brown M&M’s removed before each show. The reason behind the band’s specific request: if the promoter did not read the agreement well enough to catch this, then they would be  likely to forget important requirements about their equipment as well.  Van Halen members would raise quite a ruckus if the deal wasn’t met.

7. In 1986, the Astros re-signed pitching reliever Charlie Kerfeld, paying him $110,037.37 as part of his contract.  The demand for such a specific number came from his jersey, number 37.

6. Albert Einstein and his wife Mileva became estranged after he achieved success.  In order to continue living under the same roof, he proposed a contract for responsibilities. These responsibilities included: “You will make sure that my clothes and laundry are kept in good order, I will receive my three meals regularly in my room, and you’ll stop talking to me if I request it.”

5. Katie Holmes and Tom Cruise both signed a prenuptial agreement before their marriage in 2006. The details: for each year the couple stayed married, Holmes would collect $3 million dollars. Despite their divorce in 2012 and the estimated $18 million expected, Katie Holmes  only receives $400,000 dollars annually for child support.

4. MLB catcher Harry Chiti is the only player that has ever been traded for himself. You might be asking, how was this possible? Simple, he was traded to an expansion club team in exchange for a “player to be named later”. After playing poorly, the receiving team chose him as the player they would trade back.

3. When President Obama signed the 2010 Patient Protection and Affordable Care Act, he used 22 pens.  Presidential signing pens have become famous and are now given to those who helped pass the bill as a memento.

2. In 2007, the Oakland Raiders negotiated a $68 million dollar contract over 6 years with their number one draft pick, Jamarcus Russell. One problem, he was cut before making the team but the Raiders still had to pay him millions.

1. In 10th Grade, MLB pitcher Justin Verlander made a deal with his best friend, Daniel Hicks, to give him .001% of his pro signing bonus (should he ever get one) in exchange for 50 cents to buy a chocolate milk. Daniel kept the signed note over the years and presented it to Verlander when he was ultimately drafted by the Tigers and received a $3.12 million dollar signing bonus. If Verlander made good on this childhood promise, that would be $31.20 (that’s enough to buy a few more chocolate milks.)

Check out some of these historical signature moments you won’t believe, watch the video here.

We told you they were bizarre! Do you know of any deals to add to this list or even top it? Share with us on the @EchoSign Twitter account and Adobe EchoSign Facebook Page.

Categories: Fun Facts, National ESIGN Day

Comments

  • By Mitchell - 12:26 AM on July 12, 2014   Reply

    That last fact should be $3120. Check the link from the article.

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