Edwin Diaz won’t receive his full $69 million contract from the until 2047, but his deal significantly increases the team’s total deferred payment obligations to over $1.06 billion, spread across nine players. Under a newly announced three-year agreement, Diaz will get a $9 million signing bonus by February 1, followed by a $14 million salary next year and $23 million for each of the following two seasons, with $4.5 million deferred annually.<\/p>\n
The deferred payments will be distributed in ten equal parts every July 1: the 2026 amount from 2036 to 2045, the 2027 amount from 2037 to 2046, and the 2028 amount from 2038 to 2047. The hold a $6.5 million conditional team option for 2029, which may be activated if Diaz faces certain injuries or surgeries before the end of the 2028 season, and if exercised, could include a performance bonus based on games played.<\/p>\n
During the season, Diaz plans to stay in a hotel suite and donate 1% of his income to charity. His deferred payments alone raise the \u2019 total deferred liability to about $1.064 billion, with peak annual payments reaching $102.3 million in both 2038 and 2039.<\/p>\n
Alongside Diaz, the have several other high-value deferred contracts, such as Shohei Ohtani\u2019s $680 million deal from 2034 to 2043, Mookie Betts\u2019 $115 million from 2033 to 2044, and several others including Blake Snell, Freddie Freeman, Will Smith, Tommy E. Doman, Tanner Scott, and Teoscar Hernandez.<\/p>\n
Diaz, a three-time All-Star turning 32 in March, had a strong performance last season with the Mets\u2014posting a 6-3 record, 1.63 ERA, and 28 saves in 31 chances, plus 98 strikeouts in 66\u2153 innings\u2014even though the Mets failed to make the playoffs. He has recorded 253 saves in 294 opportunities over nine seasons with Seattle and New York. Diaz previously signed a $102 million, five-year contract with the Mets after the 2022 season, which included back payments through 2042, although he relinquished the $38 million owed for his final two Mets seasons.<\/p>\n
—<\/p>\n
Fan Take: This deal highlights the increasing prevalence of massive deferred contracts in MLB, reflecting how teams manage payroll while securing top talent long-term. For fans, it underscores how today’s player salaries and structures could shape team finances and the sport’s economic landscape decades into the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
Edwin Diaz won’t receive his full $69 million contract from the until 2047, but his deal significantly increases the team’s total deferred payment obligations to over $1.06 billion, spread across nine players. Under a newly announced three-year agreement, Diaz will get a $9 million signing bonus by February 1, followed by a $14 million salary […]<\/p>\n","protected":false},"author":1,"featured_media":33213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[16],"class_list":{"0":"post-33212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-baseball","8":"tag-baseball"},"_links":{"self":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/posts\/33212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/comments?post=33212"}],"version-history":[{"count":0,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/posts\/33212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/media\/33213"}],"wp:attachment":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/media?parent=33212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/categories?post=33212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/tags?post=33212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}