January 18, 200521 yr New York ? The Mets signed Carlos Beltran to play center field for the next seven years. They'll be paying him for the next 14. The Mets will not make the final payment on Beltran's $119 million contract until July 1, 2018, according to details of the agreement that were obtained by The Associated Press. In other news, Carlos Delgado said one of the final four teams he is considering is the Mets. David Sloane, Delgado's agent, said he planned to meet with the Florida Marlins again today. He is also interested in the Baltimore Orioles and Texas Rangers. In addition to meeting with the Marlins today, Sloane intends to have a telephone conference with the Orioles. The Rangers plan to meet with Delgado later this week. Beltran's deal contains $22 million in deferred salary that will be paid out in the seven years after the contract expires. He will be 41 by the time he receives all the money, which will be paid each July 1 starting in 2012 in yearly installments of $3,142,857 plus interest that will accrue at the rate of 1.7175 percent annually. Like Pedro Martinez, who signed with the Mets in December, Beltran will get an array of perks as part of the contract, including a hotel suite on all road trips and a 15-person luxury suite for all home games, although he must buy tickets for the suite for any postseason games. In the most unusual clause of the deal, the Mets agreed to lease for Beltran an ocular enhancer machine, a device that throws colored, numbered tennis balls to batters at 150 mph or faster. The Mets also agreed not to offer salary arbitration at the end of the contract, meaning they must decide whether to re-sign him by Dec. 7, 2011. Offering arbitration extends the deadline for re-signing until the following Jan. 8. Beltran's contract calls for his $11 million signing bonus to be paid in four installments: $5 million upon approval and $2 million each this June 15, and on Jan. 15, 2006, and Jan. 15, 2007. He gets a $10 million salary this year, $12 million in each of the following two seasons and $18.5 million in each of the final four seasons, with $8.5 million deferred annually from 2008-11
January 18, 200521 yr Thats not so bad. So he is getting paid for two times as long as his contract is for. Pudge got paid for 3 times as long.
January 18, 200521 yr Defered payments is becoming the way teams can afford to pay for big name talent. I can see this all coming back to hurt a team for some reason.
January 18, 200521 yr $3mil per year after Beltran's contract runs out aint that bad.... especially for the Mets
January 18, 200521 yr $3mil per year after Beltran's contract runs out aint that bad.... especially for the Mets 658759[/snapback] About a thirtyith of their payroll.
January 18, 200521 yr Must be nice to collect $3.1 million every year with a 1.7% interest rate even if he isn't with them for that long.
January 18, 200521 yr B U S T 658828[/snapback] *Cough*Hater*Cough* :mischief 658829[/snapback] The Mets? I could care less. I just never thought this guy was gonan be an elite player. He never impressed me in KC and only in the playoffs with Houston....and thats when he was earning his money...hes got his money now...so Im thinking he goes back to his 280...30...and 90 seasons in KC. Plus, when has a signing gone well for the Mets?
January 19, 200521 yr B U S T 658828[/snapback] *Cough*Hater*Cough* :mischief 658829[/snapback] The Mets? I could care less. I just never thought this guy was gonan be an elite player. He never impressed me in KC and only in the playoffs with Houston....and thats when he was earning his money...hes got his money now...so Im thinking he goes back to his 280...30...and 90 seasons in KC. Plus, when has a signing gone well for the Mets? 658845[/snapback] Beltran reeks of Bobby Bonilla
January 19, 200521 yr Deferring payments is good in the sense that the Mets will never be in an A-Rod or Manny situation. They don;t have to worry about shedding Beltran to addd more talent.
January 19, 200521 yr Deferring payments is good in the sense that the Mets will never be in an A-Rod or Manny situation. They don;t have to worry about shedding Beltran to addd more talent. 659759[/snapback] Exactly.
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