When the first reports of Matt Holliday’s deal came out they said that
the contract was not backloaded. I suppose that’s technically accurate in that he’ll receive the same amount of money for all seven years of the active part of the deal, but that doesn’t exactly tell the whole story:
The St. Louis Cardinals will be paying Matt Holliday through 2029 under
the $120 million, seven-year contract that is likely to be finalized
Thursday. Holliday will get $17 million a season in salary, but $2 million a year
will be deferred without interest, a person familiar with the
negotiations told The Associated Press on Wednesday.
I guess that’s less than 20 years from now, but when you say “2029” it seems like an impossibly long time into the future. Like, I get this image of his last check being delivered to him via flying car to his home on a colony on the moon or something.
Not that this is the most notable deferred money deal of all time. Back in 2000, Bobby Bonilla struck a deal with the Mets in which the team purchased an annuity rather than pay him the remaining $5.9 million of deferred money that he was owed from his 1992 contract. Every July 1st, starting in 2011 and lasting until 2035, Bonilla will receive $1.19 million. Bonilla is going to be 72 on the day he receives his last payment.
Former Tigers infielder Casey McGehee has reportedly signed a one-year deal with the Yomiuri Giants of Nippon Professional Baseball, according to FOX Sports’ Ken Rosenthal.
It’s the fourth move the corner infielder has made in the last two seasons after seeing short-term stints with the Marlins, Giants and Tigers. He signed a minor league deal with the Tigers prior to the 2016 season, providing the club with some infield depth behind 24-year-old Nick Castellanos. When Castellanos hit the disabled list in August with a broken hand, McGehee was recalled from Triple-A Toledo for a 30-game stint and slashed .228/.260/.239 with one extra-base hit in 96 PA. His career batting line (.258/.317/.384 over eight seasons) isn’t too shabby, but his age and a long history of knee injuries puts a damper on his potential.
McGehee last appeared in the NPB circuit in 2013, when he signed a one-year, $1.5 million deal with the Tohoku Rakuten Golden Eagles. He spent the bulk of his season at the hot corner, batting an impressive .292/.396/.515 with 28 homers in 590 PA and appearing in the Eagles’ first and only championship run to date.
The deal comes with a club option for 2018, Rosenthal reports, though no figure has been specified.
Free agent left-hander Rich Hill is rumored to be entertaining a three-year, $40+ million offer from the Dodgers, reports Peter Gammons. The Boston Globe’s Nick Cafardo corroborated the report, adding that Hill could receive somewhere between $46 and $48 million from his former team.
Hill, 36, pitched to a 2.12 ERA and 3.91 FIP in back-to-back stints with the Athletics and Dodgers in 2016. While a chronic case of blisters on his pitching hand limited the frequency of his starts, he still figures to be one of the most productive and noteworthy starting pitchers on the market this winter.
The Orioles, Yankees, Red Sox, Rangers and Astros have all been mentioned as potential suitors for the left-hander’s services, though Orioles’ GM Dan Duquette said the club has yet to make a play for Hill and ESPN’s Jim Bowden pointed out that the Red Sox are less involved in trade talks than other interested parties.