Stephen Strasburg retiring and still getting paid thru 2028

[mrreality68]

Wow
Stephen Strasburg is retiring so to complications from his injury. Has not pitched in several years

Yet

Stephen Strasburg will continue be paid $35 million annually through 2026 (with about $11.4M deferred each year).
He then will receive $26.6M in 2027, 2028 and 2029 in his owed deferred payments.
The contract was not insured, leaving the #Nats on the hook for its entirety.

[paul]

I didn't realize that "guaranteed" contracts were guaranteed even against retirement. Wow!

[butchie_t]

When the Nats made that foolish deal with Strasburg my gut told me it was a bad idea. Now they are stuck with with that until 2028. They should try to cut a deal and pay him off now and try an cut their losses.

As for guaranteed contracts and having to pay well after the player is retired or gone,,,,,, I encourage you to look up 'Bobby Bonilla Day: Why the NY Mets pay out $1.19M on July 1'. There are a bunch of players still getting paid and not playing.

[mrreality68]

Originally Posted by butchie_t

When the Nats made that foolish deal with Strasburg my gut told me it was a bad idea. Now they are stuck with with that until 2028. They should try to cut a deal and pay him off now and try an cut their losses.

As for guaranteed contracts and having to pay well after the player is retired or gone,,,,,, I encourage you to look up 'Bobby Bonilla Day: Why the NY Mets pay out $1.19M on July 1'. There are a bunch of players still getting paid and not playing.

The Bobby Bonilla thing is funny but that is deferred money (so teams free up money in the present to spend on other players) and they pay later but some are extreme long deferment and with interest it really adds up. His I think was a 6.6 million dollar deferment and they started paying 10 years later with interest accruing from day 1.

[Peter_Spaeth]

When he came up he was special, could throw a ball through a brick wall with control and had a wicked breaking ball. He had several really good years but it never quite worked out the way it was supposed to.

[clydepepper]

Originally Posted by mrreality68

The Bobby Bonilla thing is funny but that is deferred money (so teams free up money in the present to spend on other players) and they pay later but some are extreme long deferment and with interest it really adds up. His I think was a 6.6 million dollar deferment and they started paying 10 years later with interest accruing from day 1.

I remember that Captain Outrageous signed Al Hrabosky to a seemingly never-ending contract...


Strasburg's 'end' along with deGrom and now Ohtani reminds us how difficult it is to remain healthy throwing a baseball overhanded.


Let's all just be glad we got to see them for their short zeniths.

.

[Peter_Spaeth]

I didn't notice it when I saw him pitch, but apparently there were concerns about his mechanics throughout his career. Likely contributed to his ongoing issues.

[doug.goodman]

Originally Posted by mrreality68

The Bobby Bonilla thing is funny but that is deferred money (so teams free up money in the present to spend on other players) and they pay later but some are extreme long deferment and with interest it really adds up. His I think was a 6.6 million dollar deferment and they started paying 10 years later with interest accruing from day 1.

With an interest rate related to the Mets profits (at the time) from Bernie Madoff.

And, Bonilla has a second deferred payment each year from the Orioles.

[rats60]

Originally Posted by butchie_t

When the Nats made that foolish deal with Strasburg my gut told me it was a bad idea. Now they are stuck with with that until 2028. They should try to cut a deal and pay him off now and try an cut their losses.

As for guaranteed contracts and having to pay well after the player is retired or gone,,,,,, I encourage you to look up 'Bobby Bonilla Day: Why the NY Mets pay out $1.19M on July 1'. There are a bunch of players still getting paid and not playing.

Ken Griffey Jr is the fourth highest paid player on the Reds this year and he hasn't played since 2010.

[Shoeless Moe]

He was a beast coming out of college, probably the biggest hyped debut in the last 15 years. He struckout 14 that night, crowd was all into it. He looked like the 2nd coming.

2-3 years later granted after surgury the Nats handled him with kid gloves limiting his innings and shutting him down even though they were headed to the Playoffs and had he pitched they probably would have won that World Series. I thought it was foolish to shut him down cuz you never know when you will get that close again.

Luckily he did, but not until 2019, then he got his ring.

But yah what could have been. Like Timmy "the Franchise" Lincecum and a few others their shelf life is limited.

[mrreality68]

Originally Posted by paul

I didn't realize that "guaranteed" contracts were guaranteed even against retirement. Wow!

It was an injury forced retirement. And the injury has to meet certain qualifications but his was and recovery attempt for 2 years etc. As a result it is guaranteed.
If he was healthy and just retired he would not get anything.

[robinsonmantle]

As a friend and I discussed this evening, he said just think of it as his World Series MVP bonus.

Great talent that was too often injured.


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