Chris Davis stays with Orioles for $161 Million

[kalinecountry]

http://espn.go.com/mlb/story/_/id/14580503/chris-davis-agrees-deal-remain-baltimore-orioles
Chris Davis stays with Orioles for $161 Million.
espn

 

[kalinecountry]

http://www.mlbtraderumors.com/2016/01/orioles-to-re-sign-chris-davis.html
Orioles To Re-Sign Chris Davis.
MLBtraderumors

2:44pm: Via ESPN?s Buster Olney (on Twitter),
Davis will receive $17MM per season over the life of the contract.
He will then receive $3.5MM a year from 2023 through 2032,
then $1.4MM a year from 2033 through 2037.
There will be no interest on that $42MM total in deferred money.
The length of the deferrals in Davis? contract is unusual, calling to mind the Mets? 25 years in deferred payments to former star Bobby Bonilla.
Obviously, though, their effect is that they reduce the present-day value of Davis? contract, even though he will, in fact, receive a total of $161MM.

 

[manchild98]

Smart deal for Davis...to be paid all those millions from 2022-2037. Can't piss it all away ahead of time.

Davis will receive a $17 million annual salary from 2016 to 2022 and will receive additional annual payments through 2037, when he will be 51, a source told Olney. There is no interest accrued on the deferrals.

Orioles manager Buck Showalter lamented about the protracted contract talks earlier this week.

"How much is enough?" Showalter said Wednesday during a leadership conference, according to the Baltimore Sun. "I asked Chris during the season, 'Chris, when you walk into a Target store, can you buy anything you want? So, how much is enough?'