Skip navigation
Site powered by
Latest news:
msnbc.com: Top msnbc.com headlines: Mystery disease claims thousands in Central America

Mariners will be paying Ichiro through 2032

All-Star's extension calls for team to defer $25 million of $90 million deal

Image: Ichiro SuzukiAP
Ichiro Suzuki and the Seattle Mariners agreed to a $90 million contract extension.

NEW YORK - The Seattle Mariners will be paying Ichiro Suzuki for at least a quarter century.

The All-Star outfielder’s new contract extension calls for the team to defer $25 million of the $90 million he is owed, money that the team will not have to fully pay until at least 2032.

Suzuki, MVP of last week’s All-Star game, gets a $5 million signing bonus and annual salaries of $17 million from 2008-12 under the terms of last Friday’s deal.

Seattle will pay $12 million in salary each year and defer $5 million per season at 5.5 percent interest. Suzuki, who turns 33 in October, will receive the money in annual installments each Jan. 30 starting with the year after his retirement from the major leagues.

Because of the deferred money, the average annual value of the contract is discounted to $16.1 million under the provisions of baseball’s collective bargaining agreement.

In addition, he gets a housing allowance of $32,000 next year, an increase of $1,000 from this season, and the amount will rise by $1,000 each year. He also will be provided with either a new jeep or Mercedes SUV by the team, which also gives him four first-class round trip tickets from Japan each year for his family. Provisions for the Mariners to give him a personal trainer and an interpreter were continued.

When asked Wednesday how appreciative he was that the Mariners went far beyond a basic contract for him, the 33-year-old Suzuki said through his interpreter: “I spoke about the contract on the day I signed. I would not like to talk about that any more.”

Two Mariners executives also declined comment before Seattle’s game against Baltimore, citing the team’s policy of not revealing contract details.

A baseball official with knowledge of Suzuki’s new contract — and his current one that ends this fall and is paying him $11 million this season — said the perks of a team-provided vehicle, plane tickets, a personal trainer and an interpreter were also in Suzuki’s previous deals and were not a major negotiating issue this time around. The official requested anonymity to honor the Mariners’ policy of not discussing contracts.

Suzuki, who would have been eligible to become a free agent after this season, began Wednesday with a .352 batting average and a major league-leading 133 hits.

The seven-time All-Star and six-time Gold Glove outfielder maintains the same limited no-trade clause he had in the $44 million, four-year deal he signed before the 2004 season. In his current deal, Suzuki can pick 10 teams to which he can’t be traded without his consent.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

advertisement
More news
Milwaukee Brewers v St. Louis Cardinals - Game Four
NBC Sports
Who made the better move?

SportsTalk: Albert Pujols signs with the Angels and Prince Fielder joins the Tigers. Which team is better now?

Image: Detroit Tigers v Los Angeles Dodgers
Getty Images
DeMarco: Dodgers can become power

DeMarco: Plug in a well-heeled ownership group and negotiate one of those mega-bucks TV deals that are going around, and the Dodgers could become the west coast version of the New York Yankees or Boston Red Sox.

Slideshow
Image: Snee, 8, son of New York Giants player Chris Snee and head coach Coughlin's grandson plays in the confetti after the New York Giants defeated the New England Patriots in the NFL Super Bowl XLVI football game in Indianapolis
  The Week in Sports Pictures
The Giants on top of the football world, getting ready for the London Olympics and more.

more photos

Interactive
Rangers Spring Baseball
Maps to spring training sites
Your guide to sites in Arizona, Florida
Slideshow
Houston Astros
  Unbreakable records in baseball
A look at the most unbreakable records in baseball including Nolan Ryan's seven no-hitters.
Slideshow
Image: Albert Pujols
  The top tools of baseball
You hear a lot about the tools of baseball, but who are the best hitters, fielders and pitchers? We break it down.

more photos