Vlad’s deal: $5 million now, $3 million deferred

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I was rather surprised when Vladimir Guerrero got $8 million.  We have some more details on it now and I suppose it’s slightly better for the O’s: it will be $5 million in 2011, with the other $3 million deferred over several years.

Still seems like a lot for a guy who didn’t appear to have anyone else bidding for him.  And it’s the second one-year deal I can think of off the top of my head that has deferred money this winter. The other is Carlos Pena’s deal with the Cubs.  I guess it makes some modicum of financial sense for the club, but it does seem odd that they’re agreeing to pay a guy who is almost 100% certain to not be on the team again after this one year.