Still waiting to hear the final details, but it looks like the Mets will pay this year, all bonuses, AND extra to cut him.
So... Now signing other players is less likely?
that's not true...nothing has been reported on the buyout other than he will earn all of his BASE 2013 salary...stop making stuff up
in fact, early indications are that they may have even saved 3 mil in the buyout
Rest of Bay's salary deferred over several years, per Joel Sherman. Bay can also now sign for whatever salary he can get from another club, instead of league minimum. Win-win agreement.
Mets get salary relief with reduced payments each year, Bay gets all his money from the Mets, plus whatever he can get from a new club.
Oh that's not the case.
If the team saves money in the long-term then it's a great move... Early indications hinted that this wasn't the case.
Guess I should have waited until I knew more of the facts.
"Still waiting to hear the final details, but it looks like the Mets will pay this year, all bonuses, AND extra to cut him."
They will not pay it all this year.
"It's funny, Heyman and Sherman are reporting the same thing, a total of $21 million, but Heyman is reporting the deferral is "over a relatively short period of time, meaning it won't linger on the team's books like Bobby Bonilla's contract." "
Bonilla's deferment saved money, when you could in inflation/time value of money
>>>"That's not true. Joe Sherman reported it's $21 million. All salary, signing bonus and buy out will be paid. What we don't know is how much was deferred."<<<
That is athe way I have heard it too. He gets all he is owed, it is just a matter of deferring some of it. From what I heard the bulk of the $21 million will be paid out in 2013 - though do don't know yet what the "bulk" means yet. Could be that they pay him his $16 million salary next year, and then deferred the buyout and signing bonus money. We shall see. But good decision for both side to get this resolved and both side move on to a fresh start.