Boston deferring $75M to Rafael Devers, paying through 2043

Paul Rutherford-USA TODAY Sports
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BOSTON — Rafael Devers has $75 million in deferred salaries in his new contract with the Boston Red Sox, who committed $331 million over 11 seasons to the third baseman but will not fully pay the money until 2043.

Boston finalized a 10-year contract worth $313.5 million that covers 2024-33 and follows a $17.5 million, one-year agreement reached on Jan. 3.

Devers’ long-term deal includes a $20 million signing bonus, of which $5 million is payable each February from 2023-26.

He gets salaries of $27.5 million a year from 2024-26, $31 million annually from 2027-30 and $29 million per season from 2031-33.

In each season of the long-term deal, $7.5 million will be deferred. The money will be payable 10 years after the season in which is is earned, half on Feb. 1 and half on Nov. 30.

Devers would receive a $2 million assignment bonus if traded, payable by the receiving team.

Devers was the AL’s starting All-Star third baseman each of the past two years. In 141 games last season, he batted .295 with 42 doubles, 27 home runs and 88 RBIs.

Boston hopes to bounce back after finishing last in the AL East at 78-84. The Red Sox won 92 games in 2021 and reached the AL Championship Series.

Last week, the Red Sox agreed to a two-year, $21.7 million contract with third baseman Justin Turner. His deal includes a $8.3 million salary this year and a $13.4 million player option for 2024 with a $6.7 million buyout. Turner can earn an additional $1 million in performance bonuses this year based on plate appearances: $200,000 for 480 plate appearances and each additional 20 through 560.

Dodgers to retire Fernando Valenzuela’s No. 34 this summer

Robert Hanashiro-USA TODAY Sports
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LOS ANGELES – The Los Angeles Dodgers will retire the No. 34 jersey of pitcher Fernando Valenzuela during a three-day celebration this summer.

Valenzuela was part of two World Series champion teams, winning the 1981 Rookie of the Year and Cy Young awards. He was a six-time All-Star during his 11 seasons in Los Angeles from 1980-90.

He will be honored from Aug. 11-13 when the Dodgers host Colorado.

Valenzuela will join Pee Wee Reese, Tommy Lasorda, Duke Snider, Gil Hodges, Jim Gilliam, Don Sutton, Walter Alston, Sandy Koufax, Roy Campanella, Jackie Robinson and Don Drysdale with retired numbers.

“To be a part of the group that includes so many legends is a great honor,” Valenzuela said. “But also for the fans, the support they’ve given me as a player and working for the Dodgers, this is also for them.”