Blog Entry

Manny's not going to be broke any time soon

Posted on: June 19, 2011 2:00 pm
 
By Matt Snyder

Manny Ramirez may be retired from baseball, but he's going to be making a lucrative living from baseball for quite a while. There's been recent talk of how Ramirez is making more than $8 million from the Dodgers in deferred payment this season, but things go quite a bit farther when it comes to Ramirez and the Red Sox.

As reported on Boston.com, Ramirez is going to be paid $32 million over the course of 16 years. His first payment in that deferred sum comes July 1 of this year. Basically, he'll be paid about $2 million per year until he's 54.

Ramirez was a member of two World Series-winning Red Sox teams and he was the MVP in the 2004 World Series. After he signed the eight-year, $160 million contract -- which is where this deferred money comes from -- he finished in the top 10 of MVP voting five straight seasons. In his career, Ramirez hit .312 with 555 home runs, 1,831 RBI and a .996 OPS. So you could argue he earned this money.

Remember, this deferred money is simply money he was owed from the original contracts he signed, so it's not like it's a bonus or anything. It does appear to be a nice safeguard against future money woes, as we've seen far too many athletes blow fortunes upon retirement.

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Category: MLB
Comments

Since: Oct 7, 2007
Posted on: February 20, 2012 9:31 pm
 

Manny's not going to be broke any time soon

The Mets are paying Bobby Bonilla 1.2 mil for the next 25 years. It's great security and as a Sox fan, I couldn't care less.



hotmeuly
Since: Dec 2, 2011
Posted on: December 20, 2011 10:22 am
This comment has been removed.

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peulouy
Since: Dec 2, 2011
Posted on: December 18, 2011 2:54 am
This comment has been removed.

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Since: Dec 2, 2011
Posted on: December 7, 2011 5:25 pm
 

Manny's not going to be broke any time soon

Marvelous enjoyable write-up. It gives guided topic in the web log subscribers just like m e.



Since: May 17, 2011
Posted on: June 20, 2011 4:09 pm
 

Manny's not going to be broke any time soon

He earned that cash, you're not MVP if you didn't make a difference.



Since: May 20, 2011
Posted on: June 20, 2011 4:06 pm
 

Manny's not going to be broke any time soon

How smart do you have to be to live comfortably on $2 mil for the next 16 years.  When the original contract was for $160 mil, how can he not be set for the rest of his life?  He get's $10 mil this year between what the Dodgers and the Red Sox owe him. With the amount of money he has made in his career what could he possibly want that he doesn't already have? His biggest fear in life at this point can only be boredom.



Since: May 12, 2011
Posted on: June 20, 2011 3:27 pm
 

Manny's not going to be broke any time soon

You may say Manny is not too smart. I think quite the opposite. Manny according to this spread says he walks away with 2 million/year till he's 52 y/o. Red sox will signed, hand shaked and worst of all, will be having Manny on the payroll till he's 52. How many more years does that keep manny as a payroll RSox? And how does rsox nation feel about this?



Since: Oct 23, 2006
Posted on: June 19, 2011 8:34 pm
 

Manny's not going to be broke any time soon

Manny is not too smart..thankfully he had a smart agent.


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