More Manny Ramirez Contract Details Emerge

The Los Angeles Dodgers will have Manny Ramirez on their books till June of 2013, according to new details of his contract released by The Associated Press. While Ramirez?s contract is written as a two-year, $45 million agreement, the details of the deferment breakdown as follows: Ramirez gets a $25 million salary this year, but just $10 million is paid up front. The rest is due in $5 million installments each June 30 in 2010, 2011 and 2012.His contract calls for a $20 million salary in 2010, with $5 million payable up front. He is due two installments of $3,333,333 by June 30 in 2011 and 2012, and a final payment of $8,333,333 by June 30 in 2013. His contact allows him to option out of 2010 and must do so no later than five days after the World Series ends or Nov. 10, which ever comes first. Also, based upon accounting practices, due to Ramirez taking his $25 million salary for 2009 coming without interest, it is given a present day value of $18.4 million by the league. Maur...