Cramer signs on for 3 years with theStreet.com

Cramer finally signed a deal for 3 years but shares of TheStreet.com, Inc. (Public, NASDAQ:TSCM) didn't jump, in fact they are down 1% today. Shares of TSCM are now at $9.20, which is just $2 above a year low, so minor booyah?

Cramer will receive between $1.3 million and $1.9 million each of the three years. Besides wearing stupid hats he also get a signing bonus of $100,000 and is eligible for annual bonuses worth up to 75 percent of his salary based on the company's financial results.

Cramer will also receive restricted stock units that can convert to up to 300,000 shares of common stock over the next five years. Based on Tuesday's closing price of $9.32, the shares are worth about $2.8 million.

As part of the deal, Cramer cannot write articles for other online financial publications that compete with TheStreet.com, unless approved by the company.