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I don't expect anyone other than Jeff Jarvis to read Gawker's 1,047-word memorandum to employees in its entirety. I've cored out the important part — the numbers with dollar signs — below.

From now on, you will be paid a set monthly fee. You will be expected to contribute a set number of posts in exchange. On top of that, you will be eligible for a bonus based on the number of pageviews your posts receive each month, even if the story is months or years old. Each site will be assigned a pageview rate. At the end of the month, if the money you earn in pageviews exceeds your monthly base pay, you will be paid the extra money as a bonus.

This chart should make it clearer. If your site has a PV rate of $5:
$2,000 = 400,000 views:
$5,000 = 1m views:
$7,000 = 1.4m views

Based on this example, if your base pay is $2,000 per month then you would need to get upwards of 400,000 pageviews to begin earning bonus. A total of 500,000 views would earn $500 bonus (or $2,500 total pay). Four sites are already using the new bonus system (Gawker, Wonkette, Gizmodo and Defamer). One guest editor on Wonkette landed a huge exclusive and walked away with an extra $3k in his paycheck.