Arenado gets extra $15M, Cards defer $50M in amended deal

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<p>NEW YORK &mdash; Nolan Arenado’s contract was amended when the All-Star third baseman was traded to the Cardinals by the Colorado Rockies, adding a $15 million salary for 2027 to leave him owed $214 million over seven seasons by St. Louis.</p>
<p>As part of the amended contract, $50 million of that $214 million will be deferred and payable through 2041, according to details obtained by The Associated Press. Colorado would pay St. Louis $51 million, if Arenado decides to keep his entire contract and not opt out early.</p>
<p>Arenado had been set to be paid $199 million over the remaining six seasons of a $260 million, eight-year contract he signed with the Rockies: $35 million annually from 2021-24, $32 million in 2025 and $27 million in 2026.</p>
<p>As part of the amendment reached when Arenado agreed to the Feb. 1 trade, a $15 million salary was added for 2027, when he turns 36. </p>
<p>While his original contract allowed him to opt out after the 2021 season, the amended contract allows him to opt out after either 2021 or 2022.</p>
<p>As part of the amendment, the Cardinals will defer $20 million in his 2021 salary, payable in 10 equal installments with 2% interest each July 1 from 2022-26.</p>
<p>In addition, $6 million annually will be deferred with no interest from 2022-26, payable in 10 installments of $3 million on each July 1 from 2032-41.</p>
<p>Arenado gets a hotel suite on road trips, as he did in the original contract.</p>
<p>As part of the trade, the Rockies agreed to pay St. Louis $51 million of the $199 million remaining at the time, of which $30,429,500 is guaranteed and another $20,570,500 is conditioned on Arenado not opting out.</p>
<p>Colorado pays $14,429,500 this year and $16 million in 2023. The conditional money calls for payments of $5,570,500 in 2022, and $5 million each from 2023-25.</p>
<p>St. Louis dealt left-hander Austin Gomber and four minor leaguers to the Rockies: infielders Elehuris Montero and Mateo Gil along with right-handers Tony Locey and Jake Sommers.</p>
<p>Arenado is batting .314 with three homers and eight RBIs through his first 12 games.</p>
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<p>More AP MLB: <a href="https://apnews.com/hub/MLB">https://apnews.com/hub/MLB</a> and <a href="https://twitter.com/AP_Sports">https://twitter.com/AP_Sports</a></p>

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