How much more money has R.A. Dickey made for himself with his story?
I’m not talking about his baseball contract. The Mets have him signed for next season at $5 million and if his second half goes as well as his first half, I’d expect them to approach him about a reasonable extension. It won’t be 5 years (knuckleballer or not, he’s going to be 38 in October), but 2-3 years with incentives and options is a realistic starting point.
The extra money I’m talking about is with the paperback release of his book.
It’s doubtful that Dickey got a large sum of money in the form of an advance for the hardcover version of his book, Wherever I Wind Up: My Quest for Truth, Authenticity and the Perfect Knuckleball.
You can read my review here.
Knowing how the publishing industry works, he’s getting a 10-20% royalty off the cover price on every copy sold and that has to be shared with his collaborator Wayne Coffey. It’s possible that Coffey got paid upfront and isn’t getting a piece on the backend. Bad luck for him if that’s the case.
The cover price is $26.95. It’s currently #58 on Amazon’s bestseller list; #1 for religious and spirituality; #2 for baseball; and #4 in sports and outdoors.
Just for context, if I sell one copy of my book, my rankings rise from say 400,000 on Amazon to 200,000. For my 2001 novel I received a standard entry level author contract. The royalties were such that I got 10% of the first X number of books sold and 15% for anything after that. It didn’t amount to a massive series of paychecks for me, but for a book like Dickey’s that can mean a lot of money just from sales alone.
With the number of books that Amazon stocks overall, Dickey’s book is selling rapidly and it’s been boosted greatly by his performance. The book was interesting before Dickey’s sudden rise to All-Star/Cy Young/MVP status. He pulled no punches and made personal revelations that have rarely been seen from an athlete. The storyline of going from where he was to where he is now is exponentially multiplying the fees his representatives are going to be able to secure for the paperback rights. That Dickey is—I guarantee this—keeping a diary of his 2012 season for the “new chapter” in the paperback and that this new chapter will include everything from the attention he’s received to the Mets’ surprising vault into contention to the way he’s pitched will all combine to make him money that few first time authors and almost no athletes make.
It’s a stunning leap for Dickey on the field; a cathartic and gutsy display of naked self-revelation in his book; and now, a financial windfall.
And that’s before getting to the movie rights. They’re coming too.