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.
- We’re not going to pretend that Bo Porter had no idea what he was getting into, are we? 42
- And That Happened: Monday’s scores and highlights 47
- The Cardinals have moved ahead of the Brewers for first place in the National League Central 29
- No-hitter! Four Phillies pitchers combine to blank the Braves 59
- Bo Porter fired by the Astros 56
- Settling the Score: Sunday’s results — and a reminder of what Labor Day is all about 47
- Reds trade setup man Jonathan Broxton to the Brewers 19
- Miguel Cabrera sits Sunday with nagging ankle injury 13
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. (220)
- Albert Pujols plays the “you never played the game!” card (104)
- Great Moments in Drug Testing and Punishment: The NFL Edition (101)
- And That Happened: Thursday’s scores and highlights (75)
- Baseball is dying, you guys, because no one would recognize Mike Trout in a bar (74)