Kazmir's deal with Dodgers includes payments through 2021
LOS ANGELES - Scott Kazmir's $48 million, three-year contract with the Los Angeles Dodgers includes payments through 2021.
As part of the agreement finalized Dec. 30, the 31-year-old left-hander received a $5 million signing bonus payable by the next day and salaries of $11 million this year and $16 million in each of the following two years.
Los Angeles will defer $8 million of each year's salary without interest, money payable in equal installments each Dec. 15 from 2019-21. Because of the deferred money, Major League Baseball calculates the deal's present-day value at $44,954,652.
Kazmir can opt out of the deal following the 2016 season, in which case the $8 million of deferred money would be payable by Jan. 15, 2017.
A three-time All-Star, Kazmir was fourth in the AL with a 3.10 ERA last year while going 7-11 for Oakland and Houston. He is 98-90 with a 3.96 ERA in 11 seasons, all in the AL.