Jan 7, 2010, 8:30 AM EDT
When the first reports of Matt Holliday’s deal came out they said that
the contract was not backloaded. I suppose that’s technically accurate in that he’ll receive the same amount of money for all seven years of the active part of the deal, but that doesn’t exactly tell the whole story:
The St. Louis Cardinals will be paying Matt Holliday through 2029 under
the $120 million, seven-year contract that is likely to be finalized
Thursday. Holliday will get $17 million a season in salary, but $2 million a year
will be deferred without interest, a person familiar with the
negotiations told The Associated Press on Wednesday.
I guess that’s less than 20 years from now, but when you say “2029” it seems like an impossibly long time into the future. Like, I get this image of his last check being delivered to him via flying car to his home on a colony on the moon or something.
Not that this is the most notable deferred money deal of all time. Back in 2000, Bobby Bonilla struck a deal with the Mets in which the team purchased an annuity rather than pay him the remaining $5.9 million of deferred money that he was owed from his 1992 contract. Every July 1st, starting in 2011 and lasting until 2035, Bonilla will receive $1.19 million. Bonilla is going to be 72 on the day he receives his last payment.
- Reds finally shut down Devin Mesoraco seven weeks after hip injury, surgery may be needed 5
- Mike Napoli continues to kill the Angels 7
- Brian Matusz suspended eight games for a foreign substance 17
- Settling the Scores: Memorial Day Edition 58
- Giants designate Casey McGehee for assignment 26
- Yan Gomes returns to the Indians’ lineup after missing six weeks with a sprained right knee 0
- Marlins jump in Clevelander pool after snapping losing streak 22
- Settling the Score: Saturday’s results 19
- And That Happened: Wednesday’s scores and highlights (133)
- Bryce Harper on Marvin Hudson ejection: “I don’t think 40,000 people came to watch him ump” (132)
- Bryce Harper ejected for second time in a week (122)
- And That Happened: Tuesday’s scores and highlights (101)
- And That Happened: Thursday’s scores and highlights (96)