— Sports

Arenado gets extra $15M, Cards defer $50M in amended deal

NEW YORK (AP) – Nolan Arenado’s contract was amended when the All-Star third baseman was traded to the Cardinals by the Colorado Rockies, adding a $15 million salary for 2027 to leave him owed $214 million over seven seasons by St. Louis. As part of the amended contract, $50 million of that $214 million will be deferred and payable through 2041, according to details obtained by The Associated Press. Colorado will pay St. Louis $51 million if Arenado decides to keep his entire contract and not opt-out early.

Arenado had been set to be paid $199 million over the remaining six seasons of a $260 million eight-year contract he signed with the Rockies: $35 million annually from 2021-24, $32 million in 2025, and $27 million in 2026. As part of the amendment reached when Arenado agreed to the Feb. 1 trade, a $15 million salary was added for 2027 when he turns 36. While his original contract allowed him to opt-out after the 2021 season, the amended agreement will enable him to opt-out after 2021 or 2022.

As part of the amendment, the Cardinals will defer $20 million in his 2021 salary, payable in 10 equal installments with 2% interest each July 1 from 2022-26.

In addition, $6 million annually will be deferred with no interest from 2022-26, payable in 10 installments of $3 million each July 1 from 2032-41.

Arenado gets a hotel suite on road trips, as he did in the original contract.

As part of the trade, the Rockies agreed to pay St. Louis $51 million of the $199 million remaining at the time, of which $30,429,500 is guaranteed, and another $20,570,500 is conditioned Arenado not opting out.

Colorado pays $14,429,500 this year and $16 million in 2023. The conditional money calls for $5,570,500 in 2022 and $5 million each from 2023-25.

St. Louis dealt left-hander Austin Gomber and four minor leaguers to the Rockies: infielders Elehuris Montero and Mateo Gil, along with right-handers Tony Locey and Jake Sommers.

Arenado is batting .314 with three homers and eight RBIs through his first 12 games.


More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports

Sign up for Daily Newsletters

Copyright © 2021 The Washington Times, LLC.

Molly Aronson

Molly Aronson is a 26-year-old government politician who enjoys bowling, running and jigsaw puzzles. She is creative and exciting, but can also be very greedy and a bit greedy.She is an australian Christian who defines herself as straight. She has a post-graduate degree in philosophy, politics and economics. She is allergic to grasshoppers.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button