(Boston) Third baseman Rafael Devers will receive a deferred payment of $75 million through 2043 as part of his new contract with the Boston Red Sox, who recently signed him for 11 seasons and $331 million.
The Red Sox finalized the 10-year, $313.5 million deal on Wednesday, which will cover the 2024-2033 period. This will follow the one-year, 17.5 million pact concluded on Jan. 3.
Devers’ long-term contract includes a $20 million signing bonus, and $5 million will be paid in February of each year between 2023 and 2026.
He will pocket 27.5 million a year between 2024 and 2026, 31 million a year between 2027 and 2029 and 29 million a season between 2031 and 2033.
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However, for each of these seasons, an amount of 7.5 million will be withheld for later payment. This will be paid 10 years after the season in which it was received: half on day 1er February and another on November 30th.
Devers would also receive a $2 million assignment bonus if traded, an amount paid by the receiving team.
Devers was the American’s starting third baseman in the last two All-Star games. In 141 games last season, he batted . 295 with 27 home runs, 42 doubles and 88 RBIs.
The Red Sox will be hoping to bounce back from finishing last in the AL East Division last year at 78-84. They won 92 games in 2021 and made the All-American Championship Series.
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