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Some more details on Longoria's contract

28

November

Here are some additional details about the new contract Evan Longoria agreed to with the Rays:

* Though the total of the salaries and payments over the 10 years is $136.6-million, the players union puts a present-day value on it at $131,044,173, primarily because $11-million of salary is deferred at no interest.

* His 2013 salary was reduced from $6-million to $2-million, with the additional $4-million shifted to his signing bonus, which was originally said to be $1-million, likely for tax purposes. The bonus is paid out in three installments, and the net result is that by the end of 2013, Longoria will make $7,000,180 rather than $6-million. The $180 was added for good luck.

* Part of his salary is deferred in each of the six "new" years on the deal - $1.5-million of $13-million in 2017 and $13.5-million in 2018; then $2-million in each of the next four, $14.5-million in 2019, $15-million in 2020, $18.5-million in 2021 and $19.5 in 2022.

* Incentives could raise his 2023 option from $13-million to $18-million based on his performance in 2022, specifically in where he finishes in the MVP voting, whether he wins a Sliver Slugger or Gold Glove (at 3B) and whether he makes the All-Star team. The buyout is $5-million.

[Last modified: Wednesday, November 28, 2012 4:40pm]

    

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