NEW YORK — The contracts of Blake Snell and Tommy Edman increased the Los Angeles Dodgers’ deferred payment obligations to more than $1 billion owed to seven players from 2028 to 2046.
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.
Edman’s five-year, $74 million deal, announced Friday, includes $25 million payable to the infielder and outfielder through July 1, 2044.
Los Angeles now owes deferred payments of $1,006,500,000 to seven players from 2028 to 2046.
Snell’s average is brought down to about $31.4 million per year for the Dodgers’ payroll and Edman’s to about $12.9 million.
Snell receives a $52 million signing bonus payable Jan. 25 and annual salaries of $26 million, of which $13.2 per year will be deferred. The deferred money is payable in equal installments every July 1 from 2035 to 2046.
Los Angeles has a conditional $10 million club option for 2023 that could be exercised if Snell suffers a qualifying injury as specified in the contract and he spends 90 or more consecutive days on the injured list in due to the qualifying injury and he was not traded.
If Snell is traded, he would receive a $5 million assignment bonus, payable by the acquiring team.
He gets a hotel suite on road trips.
Edman receives a $17 million signing bonus payable Dec. 10, a $5 million salary next year and $12.25 million for each of the last four seasons, including $6.25 million per year will be deferred. The Dodgers have a $13 million option for 2030 with a $3 million buyout.
Edman’s deferred money for each year will be paid in three installments, with each payment due July 1:
– for 2026, $2.5 million each in 2035 and 2036, and $1.25 million in 2037.
– for 2027, $1.25 million in 2037, and $2.5 million each in 2038 and 2039.
– for 2028, $2.5 million each in 2040 and 2041, and $1.25 million in 2042.
– for 2029, $1.25 million in 2042 and $2.5 million each in 2043 and 2044.
Snell and Edman will each make a charitable contribution of 1% of their salaries.
Two-way star Shohei Ohtani is set to receive $680 million from 2034 to 2043 in a record $700 million contract over 10 years through 2033.
Infielder/flyer Mookie Betts is owed $115 million in salaries from 2033-2044 and the final $5 million of his signing bonus payable from 2033-35, all on a 365 contract million dollars over 12 years until 2032.
First baseman Freddie Freeman is owed $57 million from 2028 to 2040 as part of a six-year, $162 million contract through 2027.
