Some days ago, we learned that the Los Angeles Dodgers had signed outfielder Matt Kemp to an eight-year contract worth $160 million. Kemp was a year away from free agency, and Kemp is good, so signing Kemp is good, for the Dodgers. Baseball is simple!
But it wasn't until Friday that Kemp's extension became official, as he and Dodgers GM Ned Colletti signed their names on the contract at a Dodger Stadium ceremony. Kemp wore this. Kemp put that outfit together with the money he had. Now he will have way more money.
How does Kemp's contract break down? First of all, it doesn't include a no-trade clause. Second of all, it does include a $2 million signing bonus. Now for the year-by-year:
2012: $10 million ($2 million deferred)
2013: $20 million
2014: $21 million
2015: $21 million
2016: $21.5 million
2017: $21.5 million
2018: $21.5 million
2019: $21.5 million
Every year, Kemp will donate $250,000 to the Dodgers Dream Foundation. Over the life of the contract, that equals his entire signing bonus. It is a fake signing bonus!