![\"Blake](\"https:\/\/i.dailymail.co.uk\/1s\/2024\/12\/04\/01\/92767993-14155235-image-m-13_1733274190302.jpg\")
<\/p>\nThe Los Angeles Dodgers are world champions, but success isn’t coming cheap.<\/p>\n
After beating the New York Yankees in the World Series, LA has recently agreed to new, lucrative contracts with free-agent pitcher Blake Snell and returning infielder Tommy Edman \u2013 deals that push the club’s total deferred payments to more than $1 billion for just seven players.<\/p>\n
Snell’s $182 million contract, announced Saturday , includes $66 million in deferred money payable to the pitcher through July 1, 2046, according to contract terms obtained by The Associated Press.<\/p>\n
He’ll receive a $52 million signing bonus, payable on January 25, and annual salaries of $26 million, of which $13.2 million each year will be deferred. The deferred money is payable in equal installments each July 1 from 2035-46.<\/p>\n
And because Snell is a Washington state resident, the signing bonus will not be subject to California income tax.<\/p>\n
Meanwhile Edman’s $74 million, five-year deal, announced Friday , includes $25 million payable to the infielder and outfielder through July 1, 2044.<\/p>\n
Los Angeles now owes deferred payments of $1,006,500,000 to seven players from 2028-46. And that figure could grow if the Dodgers fan find a way to lure free-agent slugger Juan Soto to the west coast.<\/p>\n
Soto could be worth something approaching $700 million – the same sum the team gave to Shohei Ohtani before the season, much of which is deferred.<\/p>\n
<\/p>\n
Both Soto and Snell are represented by MLB super agent, Scott Boras.<\/p>\n
Deferred payments are becoming the norm in Major League Baseball, where the New York Mets are routinely mocked for their annual $1 million payments to retired All-Star Bobby Bonilla.<\/p>\n
But these days, such deals are now commonplace because they give teams short-term payroll flexibility and help players to navigate difficult state-income tax situations.<\/p>\n
It also helps the Dodgers reduce luxury tax payments.<\/p>\n
For example, by amortizing the contract over several decades, Snell’s average annual salary is discounted to about $31.4 million annually for the Dodgers’ luxury tax payroll and Edman to approximately $12.9 million.<\/p>\n
Los Angeles has a $10 million conditional club option for 2023 that could be exercised if Snell has a qualifying injury as specified in the contract and he spends 90 or more consecutive days on the injured list due to the qualifying injury and he has not been traded.<\/p>\n
![\"Tommy](\"https:\/\/i.dailymail.co.uk\/1s\/2024\/12\/04\/01\/92768385-14155235-Tommy_Edman_celebrates_as_he_reaches_home_plate_after_his_solo_h-m-15_1733274285795.jpg\")
<\/p>\n
Edman receives a $17 million signing bonus payable on Dec. 10, a $5 million salary next year and $12.25 million in each of the final four seasons, of which $6.25 million annually will be deferred. The Dodgers have a $13 million option for 2030 with a $3 million buyout.<\/p>\n
Edman’s deferred money for each year will be paid in three installments, with each payment due on July 1:<\/strong><\/p>\n for 2026, $2.5 million each in 2035 and 2036, and $1.25 million in 2037.<\/em> Snell and Edman each will make a 1-percent charitable contribution from his salary.<\/p>\n Ohtani, the reigning National League MVP, is due $680 million from 2034-43 as part of a record $700 million, 10-year contract through 2033.<\/p>\n Infielder\/outfielder Mookie Betts is owed $115 million in salaries from 2033-44 and the final $5 million of his signing bonus payable from 2033-35, all part of a $365 million, 12-year contract through 2032.<\/p>\n First baseman Freddie Freeman is owed $57 million from 2028-40 in a $162 million, six-year contract through 2027.<\/p>\n Catcher Will Smith is due $50 million payable from 2034-43 as part of a $140 million, 10-year contract through 2033.<\/p>\n Outfielder Teoscar Hern\u00e1ndez will get $8.5 million from 2030-39 as part of a $23.5 million, one-year deal for 2024.<\/p>\n","protected":false},"excerpt":{"rendered":" The Los Angeles Dodgers are world champions, but success isn’t coming cheap. After beating the New York Yankees in the World Series, LA has recently agreed to… <\/p>\n","protected":false},"author":2,"featured_media":14186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mlb"],"yoast_head":"\n
\nfor 2027, $1.25 million in 2037, and $2.5 million each in 2038 and 2039.<\/em>
\nfor 2028, $2.5 million each in 2040 and 2041, and $1.25 million in 2042.<\/em>
\nfor 2029, $1.25 million in 2042 and $2.5 million each in 2043 and 2044.<\/em><\/p>\n