Apr 22, 2011, 8:42 PM EST
According to Colin Fly of the Associated Press, the new contract includes at least $18 million in interest-free deferrals through 2031. In other words, until Braun turns 47 years old.
The agreement includes a $10 million signing bonus payable in four equal installments each April 1 from 2012 through 2015. Of his salary, $4 million annually from 2016-18 will be deferred without interest and $3 million a year in both 2019 and 2020. The deferred money will be paid in equal installments each July 1 from 2022 to 2031.
As Braun’s agent Nez Balelo explained yesterday, the deferrals will give the Brewers added flexibility to remain competitive over the life of the contract. They’ll actually have a payroll hit of $15 million annually from 2016-2019 and $13 million in 2020.
- Report: Two agents rumbled in the parking lot at the Winter Meetings 20
- Mets sign 40-year-old Bartolo Colon for two years, $20 million 38
- MLB rules committee decides to eliminate collisions at home plate 45
- Mariners sign Corey Hart to incentive-laden deal 27
- David Price would not consider an extension with the Mariners if he’s traded there 35
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (113)
- Managers, GMs to meet today to discuss the abolition of home plate collisions (113)