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davidcyclebackA 1916 Branch Rickey autograph alone is worth fair money. My guess would be over $1,000 for the contract. That's just a guess, knowing that the two signatures each are valuable and baseball contracts are always in demand. Also, contracts are safer items authenticity-wise, as a contract requires that, unless specifically noted, the real person signs it. If the real people don't sign a contract it isn't legally binding, and the player wants the salary and the owner wants the player.
Duly note that I'm not offering an authenticity opinion on the specific item. I have seen and owned a few early 1900s MLB contracts and they folded up distinctly, not unlike folded up road maps.