Manny Ramirez Officially Re-signs with Dodgers
March 4, 2009 by Stephen Kersey
Filed under News, Transactions
After months of negotiations and constant rumors, Manny Ramirez and the Los Angeles Dodgers finally agreed to a contract. As a result, Ramirez will again be wearing Dodger blue in 2009.
The deal is valued at $45 million over two seasons. However, it’s much more complicated than it appears on the surface. First of all, Ramirez has the ability to void the second season and re-enter the free agent market again next offseason.
Another unique aspect about this contract is the amount of deferred money. Over the next two years, Ramirez would take home $10 million each year if he doesn’t void the second year. The deferred money is due in installments starting in 2010.
Re-signing Ramirez is a huge win for the Dodgers. They made a late season push in 2008 after acquiring the slugger from the Boston Red Sox. To continue that momentum into this year, it was necessary to retain Ramirez’s services.
He’ll once again play in the outfield and bat in the middle of the lineup. If he can have a huge season in Los Angeles, and assuming the economy recovers, it wouldn’t be too surprising to see Ramirez free agent drama all over again at this time next year.
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