Mostly Cloudy57° FULL FORECASTMostly Cloudy57° FULL FORECAST
Make us your home page
Instagram

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]

    

Join the discussion: Click to view comments, add yours

Loading...