The Brewers announced a five-year, $105 million extension with Ryan Braun yesterday that will keep him in Milwaukee through at least 2020, but they’ll actually be paying him for much, much longer.
According to Colin Fly of the Associated Press, the new contract includes at least $18 million in interest-free deferrals through 2031. In other words, until Braun turns 47 years old.
The agreement includes a $10 million signing bonus payable in four equal installments each April 1 from 2012 through 2015. Of his salary, $4 million annually from 2016-18 will be deferred without interest and $3 million a year in both 2019 and 2020. The deferred money will be paid in equal installments each July 1 from 2022 to 2031.
As Braun’s agent Nez Balelo explained yesterday, the deferrals will give the Brewers added flexibility to remain competitive over the life of the contract. They’ll actually have a payroll hit of $15 million annually from 2016-2019 and $13 million in 2020.
Of course, deferrals are nothing new around baseball. The Cardinals will be paying Matt Holliday through 2029 while the Mets won’t be finished paying Bobby Bonilla until 2035.
Last year Pete Rose field a defamation lawsuit against attorney John Dowd after Dowd gave a radio interview in which he said that Rose had sexual relations with underage girls that amounted to “statutory rape, every time.” Today Rose dismissed the suit.
In a statement issued by Rose’s lawyer and Dowd’s lawyer, the parties say they agreed “based on mutual consideration, to the dismissal with prejudice of Mr. Rose’s lawsuit against Mr. Dowd.” They say they can’t comment further.
Dowd, of course, is the man who conducted the investigation into Rose’s gambling which resulted in the Hit King being placed on baseball’s permanently ineligible list back in 1989. The two have sparred through the media sporadically over the years, with Rose disputing Dowd’s findings despite agreeing to his ban back in 1989. Rose has changed his story about his gambling many times, usually when he had an opportunity to either make money off of it, like when he wrote his autobiography, or when he sought, unsuccessfully, to be reinstated to baseball. Dowd has stood by his report ever since it was released.
In the wake of Dowd’s radio comments in 2015, a woman came forward to say that she and Rose had a sexual relationship when she was under the age of 16, seemingly confirming Dowd’s assertion and forming the basis for a strong defense of Rose’s claims (truth is a total defense to a defamation claim). They seem now, however, to have buried the hatchet. Or at least buried the litigation.
That leaves Dowd more free time to defend his latest client, President Trump. And Rose more time to do whatever it is Pete Rose does with his time.