When the Milwaukee Brewers inked Christian Yelich to a long-term contract, keeping h1,im with the club through 2028 with a mutual option for 2029, it made a great deal of sense.
Over the long term, I think the deal gives Milwaukee flexibility when it comes to adding pieces and staying competitive. And when it comes down to it, you can bet that the MLB Players Association isn't thrilled. Especially in light of the kind of money Yelich could have gotten on the free agent market -- like Bryce Harper, for example.
Yes, the Yelich deal pays out $215 million for one of the best players in Major League Baseball, a player just entering his prime years. It includes salaries of $12.5 million this season and $14 million in 2021. But take a deeper look at the details. The mutual option is for $20 million with a $6.5 million buyout, and $2 million of the buyout is deferred
If the buyout is owed, the $30 million in deferred money would be paid in 12 installments of $2.5 million each July 1st from 2031-2042. IF the buyout is now owed, Yelich would receive $28 million in 11 installments of $2,333,333 each on July 1 from 2031-2041. A final payment of $2,333,337 on July 1, 2042.
Hey, math was never my strong point (ask Mr. Pica!) but I still see this as a bargain. Especially when put up against the deal the New York Mets are STILL stuck with when it comes to Bobby Bonilla.
The Mets owed Bonilla $5.9 million for the the 2000 season and no longer wanted him. So they negotiated (badly) a payout -- started getting $1.19 million every July 1st that year, and will be paid until 2035.
You read that correctly. Instead of coming up with $5.9 million in 2005, the Mets agreed to pay Bonilla what amounts to $29.8 million over the course of 30 years.
Gotta say, it makes the Milwaukee Brewer look like geniuses by comparison.
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