Mar 3, 2010, 6:35 PM EDT
This afternoon the Diamondbacks officially announced their six-year, $51.5 million deal with Justin Upton. Here are the year-by-year salaries:
Signing Bonus – $1.25 million
2010 – $500,000
2011 – $4.25 million
2012 – $6.75 million
2013 – $9.75 million
2014 – $14.25 million
2015 – $14.5 million
Essentially the Diamondbacks have pre-paid around $21 million for Upton’s three seasons of arbitration and then bought out his first two seasons of free agency for about $30 million.
Obviously handing a 22-year-old over $50 million is plenty risky, but Upton is a truly elite, Hall of Fame-caliber talent and if he continues to develop as expected the ability to pay him $14.25 million in 2014 and $14.5 million in 2015 when he would have otherwise been a free agent will be a huge bargain.
In fact, barring a radical change in player salaries, a $14 million paycheck probably won’t even place Upton among the 30 or 40 highest-paid players come 2014/2015.
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