The current year is 2020. Christian Yelich is 28-years-old. We point those things out because Yelich signed a contract recently with the Milwaukee Brewers that will continue to pay him until he is 50.
Allow us to explain.
Yelich signed a 9-year, $215 million contract and the details were just released that show reveal deferred money that will have the Brewers paying their star outfielder through 2042.
According to a report Monday by the Associated Press, the Brewers will defer $4 million each year from his $26 million annual salary from 2022 to ’28.
“The deal includes a $20 million mutual option for 2029 with a $6.5 million buyout, and $2 million of the buyout would be deferred.
If the buyout is owed, the $30 million in deferred money would be paid in 12 installments of $2.5 million each July 1 from 2031 to ’42. If the buyout is not owed, Yelich would receive the $28 million in 11 installments of $2.3 million each July 1 from 2031-41 and a final payment of $2.3 million on July 1, 2042.
Yelich’s new deal includes salaries of $12.5 million for this year and $14 million in 2021, the same as in the last two guaranteed seasons of the nearly $49.6 million, seven-year contract he signed in March 2015 with Miami. None of that money will be deferred.”
He will receive $100K for winning the MVP award, $75K for finishing 2nd in the voting and $50,000 for third.
He won the 2018 NL MVP and was second in last year’s balloting.
The 28-year-old is a two-time All-Star and a one-time Gold Glove winner.