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Verlander and Valdez will get final payments of $31 million deferred money from Tigers in 2039
Detroit Tigers deferred $31 million in contracts for pitchers Verlander and Valdez, with payments spread annually from 2030 to 2039, a small fraction compared to Dodgers’ $1.09 billion.
- The Detroit Tigers deferred $11 million of contracts into payments due in 2039, with installments in 2030-39, The Associated Press reported.
- Installment clauses mean Valdez's $20,000,000 signing bonus is payable in $2,000,000 installments each June 15 from 2030-39, and Verlander's $11,000,000 is paid in $1,100,000 installments each June 30 from 2030-39.
- A one-year deal for Justin Verlander pays $2,000,000 this year, while Valdez's contract includes $17,500,000 this year and $37,500,000 in 2027, with award escalators.
- By comparison, the Los Angeles Dodgers owe $1,094,500,000 in deferred payments to 10 players from 2028-47, far exceeding the Detroit Tigers' smaller deferred obligations.
- Future options and escalators in the contracts include a $35 million player option for 2028, a $40 million mutual option for 2029, and award escalators for Cy Young and MVP wins.
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Associated Press News+11 Reposted by 11 other sources
Verlander and Valdez will get final payments of $31 million deferred money from Tigers in 2039
Justin Verlander and Framber Valdez will receive the final payments from their new contracts with the Detroit Tigers in 2039, with the team deferring $31 million of the $128 million it committed to the pitchers.
·United States
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Total News Sources13
Leaning Left8Leaning Right1Center4Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 31%
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