• Latest
  • Trending
  • All
  • News
  • Lifestyle
Stephen Strasburg contract: How the Nationals lured the World Series MVP back to Washington thumbnail

Stephen Strasburg contract: How the Nationals lured the World Series MVP back to Washington

July 24, 2020
Republicans Fear Abortion Ruling Will 'Bail the Dems Out' in 2024, Midterms thumbnail

Republicans Fear Abortion Ruling Will ‘Bail the Dems Out’ in 2024, Midterms

June 26, 2022
Google memo on end of Roe v. Wade says employees may apply to relocate 'without justification' thumbnail

Google memo on end of Roe v. Wade says employees may apply to relocate ‘without justification’

June 26, 2022
Report: Stashed 2020 Boston Celtics draft prospect Yam Madar to skip Las Vegas Summer League thumbnail

Report: Stashed 2020 Boston Celtics draft prospect Yam Madar to skip Las Vegas Summer League

June 25, 2022
Why the US Army wants an ‘aerial tier network’ for better communications thumbnail

Why the US Army wants an ‘aerial tier network’ for better communications

June 25, 2022
Early Liver Disease Detection Linked to Subsequent Lifestyle Improvements thumbnail

Early Liver Disease Detection Linked to Subsequent Lifestyle Improvements

June 25, 2022
Jupiter scientists need your help hunting for storms in stunning photos thumbnail

Jupiter scientists need your help hunting for storms in stunning photos

June 25, 2022
Ex-Trump aides say six House Republicans sought pardons after Jan. 6 thumbnail

Ex-Trump aides say six House Republicans sought pardons after Jan. 6

June 24, 2022
Oil CEOs come to Washington as Biden looks to shift blame for gas prices thumbnail

Oil CEOs come to Washington as Biden looks to shift blame for gas prices

June 24, 2022
Why Biden can't bring gas prices down thumbnail

Why Biden can’t bring gas prices down

June 24, 2022
Proposed insulin price cap poses test for Dems thumbnail

Proposed insulin price cap poses test for Dems

June 24, 2022
Senators release bill targeting insulin prices thumbnail

Senators release bill targeting insulin prices

June 23, 2022
The US Economy Is Headed for a Hard Landing thumbnail

The US Economy Is Headed for a Hard Landing

June 23, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Sunday, June 26, 2022
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • News
    • News
    • Cape Cod News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home World

Stephen Strasburg contract: How the Nationals lured the World Series MVP back to Washington

FREE Cape Cod News by FREE Cape Cod News
July 24, 2020
in World
Reading Time: 3 mins read
Donate
0
Stephen Strasburg contract: How the Nationals lured the World Series MVP back to Washington thumbnail
632
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook
StephenStrasburg-Getty-FTR-101519.jpg
(Getty Images)
https://images.daznservices.com/di/library/sporting_news/95/74/stephenstrasburg-getty-ftr-101519jpg_1ahxmek3at44e1u6ow657d8p6c.jpg?t=2065570819&w=500&quality=80

Stephen Strasburg has earned north of $86 million in cash through 11 seasons with the Nationals. Under the terms of the contract the pitcher recently signed to remain in Washington for at least seven more years, he will earn another $80 million from 2027 to 2029 not for striking out batters, but simply for existing as a human being.

Such a contract deferral is part of the reason Strasburg gladly re-signed with the Nationals in December after opting out of his previous Washington contract a month prior. It, of course, helps that Washington is the reigning World Series champion on the strength of its ace pitcher’s World Series MVP effort.

MORE: Stars, storylines and stuff to watch in the 2020 MLB season

With a seven-year contract worth $245 million, Strasburg was the highest-paid pitcher ever in terms of average annual salary ($35 million) for about a day. The Yankees signed Garrit Cole to a record contract worth $36 million per year right after the Nats re-signed Strasburg, but the 32-year-old Washington pitcher is still in great shape with his deal.

Hypothetically, if Strasburg were to play out the rest of his current contract with the Nationals — he has a full no-trade clause — the right-hander’s career earnings would be a few dollars shy of $351 million, and potentially more if he hits incentives. That includes the three years of deferred money he will earn even if he doesn’t touch a baseball after the 2026 season.

Below are the details of the contract Strasburg signed with the Nationals shortly after he helped them win the World Series. (All contract figures courtesy of Spotrac.)

Stephen Strasburg contract

In typical Nationals fashion, the team deferred $80 million of Strasburg’s $245 million contract in an effort to preserve payroll flexibility in the short term. So while his base salary is $35 million in each of the next seven years, that deferral is reflected in the actual amount of cash he will earn each season.

Below is the cash flow in Strasburg’s current contract. (His 2020 figure represents his prorated salary as MLB returns to play on a condensed schedule.)

Year Base/payroll salary Adjusted salary/Yearly cash
2020 $35 million $8,730,159
2021 $35 million $23,571,429
2022 $35 million $23,571,429
2023 $35 million $23,571,429
2024 $35 million $23,571,429
2025 $35 million $23,571,429
2026 $35 million $23,571,429

Because Strasburg’s 2020 salary has been prorated, his total contract value is now $228.95 million.

Strasburg also had some deferred money on his previous contract with the Nationals, which was signed in 2016. When he opted out of that deal, he reduced the deferred money to $30 million over the next three years.

Including the deferred money in Strasburg’s new contract, below is a year-by-year breakdown of his upcoming deferred contracts with Washington. (The 2029 figure includes $3.9 million of interest payout.)

Year Deferred salary
2020 $10 million
2021 $10 million
2022 $10 million
2027 $26,666,666
2028 $26,666,666
2029 $30,666,642

Strasburg also has multiple incentives built into his contract. Below is the extra money he can earn if he continues at his elite level of pitching.

  • Cy Young or MVP award: $500,000 ($250,000 for 2nd, $150,000 for 3rd, $100,000 for 4th, $75,000 for 5th)
  • World Series MVP: $250,000
  • All-Star selection: $100,000
  • Gold Glove: $100,000
  • Silver Slugger: $100,000

Strasburg, who is managing a 3.17 ERA and a 33.5 WAR in 239 career games (all starts), is coming off a championship year in which he threw a National League-leading 209 innings during the regular season.

There’s little reason to believe he won’t be able to make up some of the lost 2020 salary by hitting at least a couple of those incentives.

Read More

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Analysis: Europe's summer of discontent reveals travel sector labour crisis thumbnail
News

Analysis: Europe’s summer of discontent reveals travel sector labour crisis

by FREE Cape Cod News
June 20, 2022
Science News Briefs from around the World: March 2022 thumbnail
News

Science News Briefs from around the World: March 2022

by FREE Cape Cod News
March 7, 2022
The Russia - Ukraine: Mastercard and Visa - Latest News and Live Updates thumbnail
News

The Russia – Ukraine: Mastercard and Visa – Latest News and Live Updates

by FREE Cape Cod News
March 2, 2022
Cape Cod News
Breaking News

Putin Puts Nuclear Forces on high alert, escalating tensions

by FREE Cape Cod News
February 27, 2022
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
Ex-Trump aides say six House Republicans sought pardons after Jan. 6 thumbnail

Ex-Trump aides say six House Republicans sought pardons after Jan. 6

June 24, 2022
Ranked: The Top Ten Best Beaches in The Cape Cod. FREE Cape Cod News.

Top 10 Cape Cod Beaches ( with PHOTOS )

August 21, 2020
Great White Shark Devouring Seal at Beach, First Sighting of Season thumbnail

Great White Shark Devouring Seal at Beach, First Sighting of Season

June 1, 2022
Republicans Fear Abortion Ruling Will 'Bail the Dems Out' in 2024, Midterms thumbnail

Republicans Fear Abortion Ruling Will ‘Bail the Dems Out’ in 2024, Midterms

June 26, 2022
Google memo on end of Roe v. Wade says employees may apply to relocate 'without justification' thumbnail

Google memo on end of Roe v. Wade says employees may apply to relocate ‘without justification’

June 26, 2022
Report: Stashed 2020 Boston Celtics draft prospect Yam Madar to skip Las Vegas Summer League thumbnail

Report: Stashed 2020 Boston Celtics draft prospect Yam Madar to skip Las Vegas Summer League

June 25, 2022
Support Local News, Make a Donation Support Local News, Make a Donation Support Local News, Make a Donation

FREE Cape Cod News On Twitter

Today’s News

  • Republicans Fear Abortion Ruling Will ‘Bail the Dems Out’ in 2024, Midterms June 26, 2022
  • Google memo on end of Roe v. Wade says employees may apply to relocate ‘without justification’ June 25, 2022
  • Report: Stashed 2020 Boston Celtics draft prospect Yam Madar to skip Las Vegas Summer League June 25, 2022
  • Why the US Army wants an ‘aerial tier network’ for better communications June 24, 2022
  • Early Liver Disease Detection Linked to Subsequent Lifestyle Improvements June 24, 2022
FREE Cape Cod News

Copyright © 2022 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

No Result
View All Result
  • FREE Cape Cod News
  • News
    • News
    • Cape Cod News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2022 Free Cape Cod News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist