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Manny Ramirez, Dodgers Have a Deal

One final update: The actual, total value of the deal is now being reported at around $43.6 million, because of interest free deferrals on Manny's money. Evidently the money deferred was still less than the Dodgers originally offered, which is pretty stunning considering that a total of $25 million of the $45 million offered in the final deal is deferred. Of course, if Manny opts out after the first year, $25 million portion of the salary, only $15 million of that money is actually deferred, and it would be paid back within the next two years.

And, just for good measure, one more great quote about Manny entering spring training in the right frame of mind. This comes from a story from the L.A. Times last night, via T.J. Simers:

"You're not listening to me," Manny says. "I've looked at the big picture from every different angle and life is too short to be mad. I've already made a ton of money and now it's just about negotiating a deal. It's what happens in sports.

"As long as I'm alive, I'm happy. I'm sitting here in my house by the water, drinking a margarita, dark glasses on and I'm in a good place. I'm in pretty good shape too, playing with my three kids all the time."

Both sides are now admitting that a deal has been reached, according to Yahoo!'s Tim Brown. The more interesting news of note, however, is that the deal contains a ton -- yes, a ton -- of deferred money.

According to Ken Gurnick and Barry Bloom of MLB.com, the payment will be spread out over five years, with no interest to the deferred payments. Ramirez will get $10 million per season for 2009-2012, with $5 million owed to him in 2013. So, even though Ramirez will earn $25 million this year, he won't see all that money until 2011 at least, and the $10 million he'll get in his bank account this year is significantly less than he would have if he were still with the Red Sox and Boston had activated his option year.

The deal still isn't signed, and agent Scott Boras said that some disagreements still had to be broached, but the two sides have agreed to the general parameters of a deal. That fact is being verified by both Dylan Hernandez of the L.A. Times and Jon Heyman of Sports Illustrated. Evidently the answer to that perennial question, "How do you get two sides with intractable positions to come together and make a deal" was A) have one side realize that the oversized deal on the table is the only one on the market at all, and B) have the person in question fly to his future city of employment to meet with the owner of his new business, not the agent for the employee in question.

Still, if there were any lingering doubts that this deal is done, consider them dispelled by this quote, which came straight from Ramirez's mouth to the L.A. Times' T.J. Simers hours before the deal was first reported:

"I'm happy in L.A. I like my teammates and had a great time," said Ramirez. "The fans were so good to me; they treated me the best anywhere in my career. And now I think we're close [to a deal]. ... Tell everyone Mannywood is coming."

If that can't make it's way into the pantheon of terrific yet ridiculous Ramirez quotes, we don't know what will.

According to a report from ESPNdeportes, Los Angeles and outfielder Manny Ramirez have finally agreed on a two-year contract worth $45 million, ending the slugger's protracted free agency and lengthy negotiations with his most recent team.

Everyone knew it was coming, the question was only when. Well, it turns out the official time was on the evening of Tuesday, March 3. And the reporter who broke Ramirez's contract with the Dodgers was Enrique Rojas.

According to Rojas, Ramirez is traveling to Los Angeles tonight to take a physical and finalize the contract.

The deal is a two-year pact worth the $45 million that have been discussed over-and-over again since the start of the offseason, though there's no word as to whether the contract includes deferred payments. Yet. We'll keep you updated as soon as any more info trickles out.

By Cameron Smith  |  March 4, 2009; 4:44 PM ET
Categories:  Dodgers  
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Comments

Finally! I guess Manny being Manny finally realized he's not going to get a better offer for any longer!

Posted by: CALSGR8 | March 3, 2009 9:30 PM | Report abuse

We love Manny in Los Angeles. He belongs in LA.

Posted by: markjaffemd | March 3, 2009 9:56 PM | Report abuse

Note that ESPN has since withdrawn the story after Boras denied it. As a Dodger fan this is frustrating. Nothing with Manny is ever easy, is it?

Posted by: dh2009 | March 3, 2009 10:31 PM | Report abuse

Did I just hear someone on the MLB Network use the F-word a couple minutes ago (around 10:58pm Tuesday) when the screen suddenly went dark?

I think I heard someone say, "Did I just say Fernando Vina? What the F*** is that?!?"

I hope I'm wrong.

Posted by: Juan-John | March 3, 2009 11:02 PM | Report abuse

Yes you did, Juan. I heard it too. I think it was Matt Vasgersian who said it. I had it on DVR and just listened to it a few times. You're not wrong.

Posted by: crippler228 | March 4, 2009 12:20 AM | Report abuse

Amazingly, it was uttered on the 7PM broadcast and then when the show re-aired at 10PM, they never even bothered to edit it out.

Posted by: crippler228 | March 4, 2009 12:59 AM | Report abuse

Re. Manny: zzzzz

Posted by: natsfan1a1 | March 4, 2009 8:17 AM | Report abuse

Re. MLB Network, was Robert Fick in the studio?

Posted by: natsfan1a1 | March 4, 2009 8:17 AM | Report abuse

Nicely played, Mr. Boras. You manipulated Manny out of two $20m options that were automatic to be picked up, with more front loaded payments than this 5 year farce. It's a good thing your client is thick enough so as to have no idea what the present value of his stretched out payments are in comparison to those options that Boston was ready to exercise. You cost your client at least one likely trip to the World Series, where his team would have been the favorites. I don't know what was smarter, this, your Varitek negotiations, or having your clients put money with Madoff.

Posted by: jca-CrystalCity | March 4, 2009 1:49 PM | Report abuse

The comments to this entry are closed.

 
 
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