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7 Of The Craziest Deferred-Money Contracts In Sports History Jacob deGroms five-year extension signed in 2019 deferred $52.5 million until 2035-39. They used some of the money to add Mike Hampton, and made it to the World Series, but the real motivation was to use the savings to invest more money with Bernie Madoff. Bruce's best seasons were behind him when he signed with the Braves before the 1985 season, but nobody knew it at the time. But Bronner--who negotiated the deal with his partner, Robert Gilhooley--agreed to several interviews, as did several other prominent agents who had seen the Sutter proposal during the negotiating stages. After missing all of the 2011 season, he threw 134 pitches in his no-no and then pitched to an 8.27 ERA in the last 10 starts of the season (and his career). Maybe thats a reason why the Orioles lost 108 games last year. But Axelrod said the up-front payments serve his clients interests too--better than a deferred payment plan would. Four teams. In 1984, Sutter signed a six-year contract that paid him $4.8 million. Sutter signed a six-year, $10.4 million contract with the Braves in December 1984 and was with the team until he was. Which means the Mets will cut a $1.19 million check every July 1 until 2035, when Bonilla will be 72 years old. Red Sox set stage for division title by trading for Smith . . You need to maintain a balance between liquidity, security, borrowability and so on. Showing Editorial results for bruce sutter. The New York Times reported that Sutter's six-year contract paid him $4.8 million and placed another $4.8 million into a deferred payment account at 13 percent interest. NL Player of the Week. RP Bruce Sutter (Atlanta Braves) Career: 1976-1988 Total deferred money: $42,700,000 Terms: Annual 12.3% interest payments of $1,120,000 for 30 years, plus full $9,100,000 in deferred base salary Last payment year: 2022 It's finally the end of the line for Bruce Sutter. St. Louis Cardinals: Remembering Bruce Sutter on his birthday . His tweet from March has certainly aged well. Considering Sale is out for 2020 and most of 2021 with Tommy John surgery, the deal would sting a lot more for Boston if he hadnt deferred $50 million. But we determined we wanted to own that annuity. Bronner said he is convinced there is little danger the Braves will ever be unable to fund this and other contracts. He posted . Dennis Gilbert did a phenomenal job working #TheContract for Bobby Bo. Sutter was recently diagnosed with cancer and died in hospice, surrounded by his family, his son, Chad . Bonilla is the most famous of many high-profile athletes who signed strange and elaborate contracts with payments shoved far into the future the Orioles and Nationals are currently dominating this field but the practice goes back decades, which is appropriate, since these payments extend for decades. Sutter had his best season with the Cardinals with 45 saves in 1984 when he had a 1.54 earned run average, and after the season, he signed a $9.1 million, six-year contract with Atlanta with. He signed for two years and $28 million but half of the money was paid out in $2 million increments from 2018-2024. Junior Griffey will forever be known as the transcendent face of the Seattle Mariners, but hes a Reds legend, too. According to the agent, these are the salient features of the Sutter contract: --In addition to the $4.5 million in salary, the Braves are committed to making 30 years of annual payments after the six-year salary period has elapsed, as if they had in fact established an annuity for Sutter. If that wasnt enough belated compensation, he collected his $12 million salary for 2018-19 without playing in a single game.