The deal was reportedly close to US$850,000 annually with bonus incentives that could increase his salary to US$2.5 million.
In July 1987, the city added inclusionary housing to its list of zoning bonus incentives.
His contract also contains performance-based bonus incentives.
And all three say the bonus incentives will not push them forward a single milli-second.
The case of American Insurance Group is an obvious example of how refused normal bonus incentives have become after the capital market meltdown.
With a base salary of $900,000, the deal could reach $1.975 million per year if he achieves all his bonus incentives.
Johnson's figures do not include bonus incentives possibly worth another $500,000, according to a person familiar with the contract.
The labor board said striking players are entitled to any bonus incentives they might have made in the games on Oct. 18-19.
But company engineers testified that the bypass systems, which had been in operation on some ships since 1990, were partly the result of the company's bonus incentives.
Because of the American bonus incentive, Kempainen earned more than Espinosa's $40,000.