The Rise of the One-Day Contract in Sports

What do Donovan McNabb, Jason Elam, and Hideki Matsui have in common, besides being professional athletes? As this story explains, they’re part of a growing number of players who have signed a one-day contract, typically to close out their careers:

The one-day contract has become a rite of passage for the modern athlete — a select few, anyway — before he retreats from the spotlight. Matsui, a former outfielder who signed his one-day deal Sunday at Yankee Stadium, was treated to an pregame ceremony behind home plate. In his final capacity as a team employee, he was responsible only for throwing out the first pitch. He wore a tie beneath his jersey.

You’d think Jerry Rice would have wanted to get paid for his one day contract:

With his 1989 Super Bowl ring swinging from a chain on his neck, Rice signed a deal for $1,985,806.49, which commemorated his rookie season (1985), his uniform number (80), his retirement year (’06) and the 49ers. The sum was ceremonial, and Rice was not actually paid a cent.

Will Pujols sign a one day contract with the Cardinals? Why didn’t Michael Jordan do the same with the Chicago Bulls?

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