Lemieux also returned to the ice in 2000, helping the teams flagging attendance. Jones bounced back enough to play decently through 2012 and even made an additional $3.5 million from the Yankees his last two years. Spencer Haywood signed with the ABAs Denver Rockets after one year of college, but his $1.5 million contract was severely deferred: He got $75,000 per year for 20 years, starting at age 40. Bruce Sutter is the Atlanta Braves version of the Bobby Bonilla contract. Bobby Bonilla is the poster boy for ill-considered salary deferrals, but he actually had two with the New York Mets. --The contract is guaranteed in the sense that even if Sutter were injured on the first day of spring training and never able to play again, he would still be entitled to receive the full amounts called for, for the life of the contract. Hes Bobby Bo. A heavy-duty reliever who worked at least 60 games in seven different seasons, Sutter also proved capable of working multiple innings per outing. . He is a five-time All-Star, a former Cy Young Award winner and has led the league in saves for five of the last six seasons. . I was listening to a commentary about the Bonilla contract by Steve Philips, at the time the Mets General Manager, now a commentator on MLB Network on Sirius Radio. But I will say that the longer you go forward on deferral, the greater the risk. As contracts go, Sutters Braves deal was historically bad. . This is an unsecured loan. Many of the questions being asked cannot be reliably answered at this time. When he retired, his 300 saves ranked third on the career list, though it has been surpassed many times since. He was paid handsomely for his services, too his $975,000 salary made him one of the highest paid players at the time. . Bruce is well ahead of the game if he gets to 44 (one third the life of the agreement) and Turner is still paying. So at least 2020 is the last year for one of the Mets long deals. But due to $18 million in deferred money from an extension signed in 2011, Braun will be getting $1.8 million every year from 2022-31. In contrast, if the interest rate were to average 16%, the contract would return $57.3 million. Soriano joined the Washington Nationals after a 42-save season with the Yankees in 2012. Each year, his Braves "salary" of $750,000 was just an interest payment on. We think we have worked it out by using the proceeds from the ($2.5 million) loan to purchase some of the annuity. We are saddened over the passing of Bruce Sutter. Awards. . Moss joined Axelrod in prefering to get as much money as possible up front. Honestly, Bobby Bonilla Day is a hallowed tradition, but we really ought to call it Bruce Sutter Day. We assume that when clubs undertake these obligations they are making reasonably prudent investments, Fehr said. The New York Islanders signed goalie Rick DiPietro to a record 15-year contract back in 2006, just before his 25th birthday. Peter Ueberroth, the commissioner of baseball, expressed another concern. Jun 25, 2018. This year, lets celebrate Bobby Bonilla Day by revealing the Deferred Money All-Star Team, a ragtag bunch of rascals who have continued or will continue to receive MLB checks well into their 50s and 60s. Both the Braves and the Cardinals agreed to the demands of the former Cy Young winner and future Hall of Famer. This is especially critical when Congress is moving on an almost annual basis to further restrict tax shelters. The worst part was that Sutter decided to use his big free agency contract as a financial planning opportunity. That same season, he also established career bests with 122 2/3 innings and 71 appearances. Search instead in Creative? He said he particularly takes exception to suggestions made in the press that the recent Rick Sutcliffe contract, which was reported at about $9.5 million, is worth more than Sutters contract and that Sutcliffe has thus become the highest paid pitcher in baseball. In the end, the Braves were the ones who offered more money about $9 million over 6 to the Cardinals $7 million over 5, per The New York Times and an absolutely whackadoo structure that could only be attributed to irrational exuberance. Thats $7 million per home run! Hall of Fame closer Bruce Sutter has died at age 69, the St. Louis Cardinals announced Friday. On the other, there is income stream and tax advantages but risk of loss. It was the winter of 1984. The "what can you do for an encore" pressure that Sutter faced going into the 1980 season was intensified by the fact that he won a then-record $700,000 contract in arbitration. Then for 30 years, the Braves have been on the hook for $1.12 million every year, and in 2022, when Sutter is 69 years old, they owe him a balloon payment of that $9.1 million. He had mastered the split-fingered fastball, throwing the pitch for strikes, and led the National League in saves five times. There is little question that Sutter belongs with the highest paid players in baseball. --Similarly, the club may purchase an insurance policy to guarantee the eventual annual payments. Sutter set a National League record with 45 saves in 53 chances last season. Answer (1 of 5): I do not know of any. He previously played for the San Diego Padres, Boston Red Sox, Atlanta Braves, and Chicago Cubs.He is an eight-time All-Star, two-time Reliever of the Year, and a 2018 World Series champion. The 2017 Astros title was built on spy cameras and garbage can banging, but the Nationals 2019 title was built on deferred money. There are many other questions about such a contract. The worst part was that Sutter decided to use his big free agency contract as a financial planning opportunity. When Matt Holliday re-signed with the St. Louis Cardinals in 2010, his deal was for seven years and $120 million - with $2 million of that money deferred each season without interest. Given the fact that youre building a shelter from taxation and thats been limited by all these recent tax changes, it makes some sense to defer some money, Hendricks said. Real-time updates and all local stories you want right in the palm of your hand. Im proud of our contract, the agent said. That worked out to 57 percent of a normal share, and they got it in perpetuity. After reaching the majors in 1976, he tied the National League record of 37 saves and later established a new one with a personal-peak 45 for the 1984 Cardinals. On top of it all, he gets $18,000,000 deferred through the summer of 2028. When Bruce Sutter signed with the Braves before the 1985 season, he agreed to a deal for six years and $9.1 million. The Pittsburgh Penguins of the 1990s were a dominant, star-filled hockey team but lacked the financial resources to pay all those stars. How well do you predict the sport will maintain its popularity?, asked Hendricks. The Boston Red Sox may be the overall kings of deferred money. Instead of being termed as ridiculous, Major League Baseball teams refer to the contracts as "deferred salary payment plans." . In the overall sense, the sport is still very viable. You are betting on the viability of both the sport and the franchise. He was worth, collectively, -0.3 bWAR, and at no point during his Braves career did he turn in an above-replacement-level season as a pitcher. Browse 779 bruce sutter stock photos and images available, or start a new search to explore more stock photos and images. Get more out of your subscription* Access to over 100 million course-specific study resources; 24/7 help from Expert Tutors on 140+ subjects; Full access to over 1 million Textbook Solutions; Subscribe LOUIS -- Bruce Sutter, the Hall of Famer who revolutionized the closer position and the split-fingered fastball and clinched the St. Louis Cardinals' 1982 World Series title 40 years ago this week, passed away at the age of 69 near his home in Cartersville, Ga., on Thursday. And the Braves were willing to meet his demands. 10/14/2022 at 5:03 PM 10/14/2022 at 5:03 PM Cards Mourn Hall of Famer. Kansas City played Toronto in the ALCS in the same 1985 season. Even if things had gone as planned, it wouldve been a crazy, terrible signing by the Braves. Let's look at 32 of these deals one for every year the Mets will write a post-retirement check to Bobby Bo. 1. Reds are paying Ken Griffey Jr 54m over 15 years deferred, still owe him 18m over the next 5 year. If, for example, the interest rate were to remain at 12.3% for the life of the agreement, the total payments would be $47.2 million. On one side, there is liquidity and borrowability. --The commission paid by Sutter to the Bronner-Gilhooley firm, Speakers of Sport, Inc., on the contract is less than $500,000, although Bronner declined to give an exact amount. The splitter specialist signed a six-year, $9.1 million contract with Atlanta ahead of the 1985 season, but opted to delay the whole thing for decades. Agent Tom Reich of Los Angeles (no relation to this writer), who represented Dave Parker among others, also questioned accepting as much as Sutter did in deferred compensation. Pretty good deal for Saberhagen, who got 25 years of payments from a contract where he won 21 games. Moss, however, said that while theres always some risk (of the clubs not being able to pay out the big contracts) I dont think its a major risk. It was widely reported that relief pitcher Bruce Sutter was to receive payments totaling $44 million over the next 36 years from his new club, the Atlanta Braves. Eventually the Penguins paid back all their creditors, and Lemieux won three Stanley Cups as an owner to go with his two as a player. The other five seasons were all ones with 90 or more losses one of 92, two of 96, one of 97, and a laughably bad 54-106 in 1988. While Bobby Bonilla is the more famous long-term Mets salary obligation, pitcher Bret Saberhagen was the original. At first, it seemed all too simple. He also cited an article by sports columnist Dave Kindred in the Atlanta Constitution as an illustration of why Sutters contract is a good business investment by the Braves. The Braves finished fifth with a 66-96 record, changed managers in mid-season, and got just 23 saves and a 4.48 earned run average out of the suddenly-mortal Sutter. The Atlanta Braves are still paying Bruce Sutter $1.12 million a year in a deferred payment through 2021 and he will also receive a final balloon payment of $9.1 . Just in the last month, the 13% rate was negotiated downward to 12.3% in post-contract refinements. Actually, further examination by The Times indicates that Sutter will receive a $750,000 salary for each of the next six years and a minimum of $1.12 million a year for the remaining 30 years of the contract. As a result, starting this year, Holliday will get $1.4 million every year through 2029 13 years after he played his last game for St. Louis. Jacob deGroms five-year extension signed in 2019 deferred $52.5 million until 2035-39. First, Sutter was only paid about $750,000 per year while under the Braves control. Good financial decisions led to #BobbyBonillaDay https://t.co/okI9LWMlIm. Sutter's natural athletic ability was apparent in his youth. Sutter annually receives $1.12 million from the Atlanta Braves and will continue to receive payments until 2022. | In fact, he now plies his trade for the division rival Mets which means that starting this year, Washington will pay him $15,000,000 annually to pitch against them, per the terms of the seven-year, $210,000,000 deal that ran through 2021. Muscogee County Sheriffs deputy helps woman attacked by dog in Columbus, Four Columbus area basketball teams made the Final Four. The Cubs mourn the passing of Hall of Fame pitcher Bruce Sutter. Wayne Gretzkys time as coach of the Phoenix Coyotes wasnt particularly successful, but the management of the clubs holding company was even worse. Bobby Bonilla, eat your heart out. Sutter played for the Cubs from 1976-80. Bruce Sutter of the Atlanta Braves winds up for the pitch during a game in1985. In a year, the Braves will stop paying for a huge mistake it made during the Reagan Administration. Back in 1985, according to Fansided.com, the HOF pitcher inked a deal for six years that was worth $4.8 million and another $4.8 million deferred at 13 percent interest. All in all, its over $47 million for a pitcher who delivered just 40 saves for a team that averaged 96 losses per season. Hall of Fame closer Bruce Sutter, who retired from baseball 34 years earlier, was still receiving annual paychecks from the Atlanta Braves when he died at age 69 Friday. Which means the Mets will cut a $1.19 million check every July 1 until 2035, when Bonilla will be 72 years old. The payments began in 1991, which means that Sutter has been receiving deferred payments for 30 years. While Bonilla makes $1.143 million today to not play for the Amazins, Sutter has been paid by the Braves annually to not play baseball for them for over 30 years! Even if the Mets dont exercise his $32,500,000 club option for 2024 hed receive the final $15,000,000 of that sum in 2039 he can still boast no less than $52,500,000 in deferred cash to his name. His Braves tenure was highlighted by injuries. . Sutter signed a 6-year contract worth $10 million with the Atlanta Braves when he was a free agent after the 1984 . After missing all of the 2011 season, he threw 134 pitches in his no-no and then pitched to an 8.27 ERA in the last 10 starts of the season (and his career). The son of Howard and Thelma Sutter, he is the fifth of the six children in his family. At 69 years old, the Hall of Famer is still getting rich off the World Series champs. He said he is worried about contracts that deal in unfunded liabilities and hinted that further action might be taken to restrict such deals. Max Scherzer no longer plays for the Nationals. As a pretty funny, and obviously unintended side effect, Sutter ended up getting his negotiated salary in both 1989 and 1990, even though he was retired. Josh Smith Sutter was a closer in an era when the role was still emerging. (Photo by Jim McIsaac/Getty Images) Every July 1st, the New york Mets have to send Bobby Bonilla annual payments of nearly $1.2 million for 25 years that started back in 2011 and won't end until . July 1 is collectively known as Bobby Bonilla Day in major league baseball, the day when the New York Mets cut a check to Bobby Bonilla for $1.19 million, part of a 25-year deferred payment schedule. Sutter was recently diagnosed with cancer and in hospice surrounded by his family, one of Sutter's three sons, Chad, told The Associated Press. Opinions expressed by Forbes Contributors are their own. Unfortunately, Strawberrys tax problems meant the annuity was eventually seized by the IRS and auctioned off in 2014. Beyond that, however, there are many uncertainties, and the $44 million overall figure that initially was reported, which made no mention of who would receive the principal, appears too low. An unfunded liability is one in which the money does not have to be put up front. If he does agree to a trade, the amounts still owed may--but not necessarily will--be prorated to the new club. Each year, his Braves salary of $750,000 was just an interest payment on the money, roughly 8 percent interest, which means he still got paid in 1989 and 1990 despite being retired. That means that until the season restarted, Ichiro was poised to be the highest-paid player in baseball, Hell still be the Mariners highest-paid outfielder and receive the fourth-highest salary on the team this year, and Seattle will be paying him through 2032. Four years from now, Bruce Sutter will be a 69-year-old Hall of Fame pitcher who last pitched in 1988 who, unlike Bobby Bonilla, will be on the receiving end of a $9.1 million check from the Atlanta Braves. If the government changes to a flat tax in the next few years as the experts are talking about doing, he said, Sutter will get a windfall, because hed be paying at a lesser percentage rate than the 50% that prevails now., Neither the Braves, nor Bill Bevins, the Turner Broadcasting Co. executive who negotiated the contract on behalf of the club, would discuss the Sutter deal. But not the full history because Bobby Bonilla is far from the only figure from the last few decades of baseball to secure a gigantic deferred bag in a major way. Sam Dunn is the Managing Editor of Boardroom. Always free! When the Orioles gave Chris Davis a seven-year deal for $161 million in 2016, they deferred $42 million over 15 years, meaning Davis will be getting checks until hes 51. Since the dumb 1980s Atlanta Braves agreed to pay the $9.1 million deal in full, they agreed. That's right: it was deferred until 2022. The annual payments will be based on the theory that they have indeed put aside a total of $5.5 million on a pre-established schedule in the six years. Ruth ended up buying an annuity through another Hall of Famer, Harry Heilmann, who worked as an insurance agent in the offseason, and ended up riding out the Depression as the Sultan of Savings, the Rajah of Retirement Planning. For some reason, the Braves agreed to pay Sutter the full $9.1 million up front think of it as a signing bonus of sorts but then deferred the whole amount. That means in 2022, the Braves still owe Sutter the $9.1 million that he deferred. The latest edition of Boardrooms NFT Sales Roundup includes updates from Bored Ape Yacht Club, Silvergate Capital, Azuki, and more. Sutter spent five years with the Cubs, four with the Cardinals, and three with the Braves but remained an Atlanta resident after retirement. Sutter debuted with the Cubs in 1976 following an unlikely minor league odyssey. Both the Braves and the Cardinals agreed to the demands of the former Cy Young winner and future Hall of Famer. If you do a little bit of math, youll realize that 12.3 percent of $9.1 million is $1.12 million, which makes sense. The article said that if Sutter had just one good year in Atlanta, he would attract enough additional fans to Braves games to more than pay for his entire contract, (providing, that is, that the Braves fund the annuity in advance). Junior Griffey will forever be known as the transcendent face of the Seattle Mariners, but hes a Reds legend, too. Two other issues between Bronner and some of the other agents involved his willingness to accept such a high percentage of the total compensation in deferred payments and his relative optimism that the Braves in particular and baseball in general will maintain the financial viability over the next 36 years necessary to pay off the contract. Rather than get all of that $9.1 million paid out in relatively even amounts per year, Sutter insisted that his money be deferred. These Georgia cities lead the nation in all-cash home sales in 2022, but why? When doctor warn about the long-term side effects of steroids, theyre usually not talking about a retirement plan, but that seems to be the case for Braun. Before joining the team, he was an editor and multimedia talent for several sports and culture verticals at Minute Media and an editor, reporter, and site manager at SB Nation. but LOL Bonilla day pic.twitter.com/SoMmKLE4mZ. For example: -- Is the money for the annuity really in an account or is it a phantom, to be paid out of annual team operating funds? Then, a deferred payment account would take over. Bruce Sutter joined the team in 1985 and left in 1988, making 40 saves along the way. The risks are really very minimal., Interest Rates How Much Projected Over Sutter Would Total Value 30 Years Make Per Year of Contract 12.3% $1,119,300 $47,179,000 13% $1,183,000 $49,090,000 14% $1,274,000 $51,820,000 15% $1,365,000 $54,550,000 16% $1,456,000 $57,280,000 17% $1,547,000 $60,010,000 18% $1,638,000 $62,740,000 19% $1,729,000 $65,470,000 20% $1,820,000 $68,200,000, Length Annual Player, position Team Contract Salary Dave Winfield, outfield N.Y. Yankees 10 Years $2 million Gary Carter, catcher N.Y. Mets 7 Years $1.8 million Mike Schmidt, third base Philadelphia 5 Years $2 million George Foster, outfield N.Y. Mets 5 Years $2.05 million Rick Sutcliffe, pitcher Chicago Cubs 5 Years $1.9 million Rickey Henderson, outfield N.Y. Yankees 5 Years $1.75 million Keith Hernandez, first base N.Y. Mets 5 Years $1.7 million Fred Lynn, outfield Baltimore 5 Years $1.36 million Steve Garvey, first base San Diego 5 Years $1.32 million George Brett, third base Kansas City 7 Years $900,000 Bruce Sutter, pitcher Atlanta 6 Years $750,000, Total Player, position Contract Dave Winfield, outfield $20 million Gary Carter, catcher $12.6 million Mike Schmidt, third base $10 million George Foster, outfield $10.25 million Rick Sutcliffe, pitcher $9.5 million Rickey Henderson, outfield $8.75 million Keith Hernandez, first base $8.5 million Fred Lynn, outfield $6.8 million Steve Garvey, first base $6.6 million George Brett, third base $6.3 million Bruce Sutter, pitcher $4.5 million. Considered one . When Johan Santana pitched the first no-hitter in Mets history, in 2012, it also may have ended his career. I felt a little differently seven or eight years ago when inflation wasnt so bad.. He was the second-highest paid pitcher in the game, only behind Jos DeLen (really). Josh Smith signed with the Detroit Pistons in 2013, and lets just say it really didnt work out. It was widely reported that relief pitcher Bruce Sutter was to receive payments totaling $44 million over the next 36 years from his new club, the Atlanta Braves. 68. I like to establish several pools for payout to the player--perhaps $1 million in municipal bonds in addition to a pool of deferred compensation, some real estate investments, a money market account. It would have been $3 million per year, but despite racking up saves, Soriano fell just short of finishing enough games to automatically vest his 2015 option. Rather than get all of that $9.1 million paid out in relatively even amounts per year, Sutter insisted that his money be deferred. The 2020 Atlanta Braves are full of hope but what kind of team should we expect to see? obviously dangerous . They might say, Gee, the cash flow in 2013 is lousy and well pay you 20 cents on the dollar.. We wanted to own our annuity policies. RP Bruce Sutter (Atlanta Braves) Career: 1976-1988 Total deferred money: $42,700,000 Terms: Annual 12.3% interest payments of $1,120,000 for 30 years, plus full $9,100,000 in deferred base salary Last payment year: 2022 It's finally the end of the line for Bruce Sutter. Ryan Brauns chance at long-term success seemed in grave doubt when in 2013, he admitted to taking PEDs during his MVP season of 2011. A specialist in content strategy, copywriting, and SEO, he has additionally worked as a digital consultant in the corporate services, retail, and tech industries. That ends in 2021, and its only 2018, so Bruce Sutter, at some point this year, received or will receive a check for $1.12 million for his 112 games of sub-replacement baseball as an Atlanta Brave. The Silna brothers owned the St. Louis Spirits at the time of the ABA-NBA merger, when the NBA absorbed the Nets, Spurs, Pacers and Nuggets. Once it expired in 1990, Sutter started receiving an annual stipend of $1.3 million. Over the course of his six-year deal, Sutter collected 40 saves, total, while sporting a 4.55 ERA. Four years from now, Bruce Sutter will be a 69-year-old Hall of Fame pitcher who last pitched in 1988 who, unlike Bobby Bonilla, will be on the receiving end of a $9.1 million check from the Atlanta Braves, Lewis wrote. He had the best makeup of any closer Ive ever seen.. an editor at metsmerizedonline.com, researched an listed out a bunch of future deferred payments set to be doled out in the coming . That amounts to $31.5 million.. But Axelrod said the up-front payments serve his clients interests too--better than a deferred payment plan would. Though hes less famous than Pujols, Ryan Zimmerman has an even sweeter deal with Washington, a $10 million post-retirement personal services contract that pays out over five years. Sutter was inducted into the MLB Hall . The risk might be greater with the Braves because they are so intertwined with all of Turners other enterprises. Lets guess its retirement; even though hes been bad for three years, its doubtful hell walk away from the $30 million owed him in 2021. He died Thursday in Cartersville, Ga. But we fully expect it will work out for the full term.. The New York Times reported that Sutter's six-year contract paid him $4.8 million and placed another $4.8 million into a deferred payment account at 13 percent interest. The Blue Jays are responsible for $5 million of Troy Tulowitzki's contract from 2019 that was deferred, payable in 10 equal installments each Jan. 1, 2025-34 with 3% interest. -- Who has control over the account, if there is one? "Bruce Sutter Dollars and years: $42.7 million million over 30 years Years of deferred payments: 1993 - 2022 Who owes him In addition, Sutter will be collecting on annuities of undisclosed size from an earlier contract with the Chicago Cubs and he felt that for him this kind of deal actually constituted less of a risk than taking a larger amount of money now. Baseball is so basic and sound, he said. For the thirty years after he retired 30!!! --The principal of the fund after the next six years, the $9.1 million whether it is a phantom fund or not, will go to Sutter or his heirs in 2020 at the conclusion of the contract, at which time taxes will have to be paid on it. Herb Sutter deferred heaps and pointers I've seen a recently released talk by Herb Sutter, quite interesting (and not too much hard to understand even if you aren't at the skills level of a C++ library designer), "Lifetime Safety By Default - Making Code Leak-Free by Construction - Herb Sutter - CppCon 2016": For a quicker overview of the talk you can find the slides here: https . By the time the 25th and final Bobby Bonilla Day has come and gone 13 years from now, the man will have turned the $5.9 million the Mets still owed after releasing him with a year left on his contract into a full $29.8 million in deferred money as part of a peculiar with-interest compensation structure. That ends in 2021, and its only 2018, so Bruce Sutter, at some point this year, received or will receive a check for $1.12 million.. Bruce Sutter salary, contract, career earnings. They released him after that season but paid him $3.2 million every year through 2014. A full 14 years after his final MLB appearance, hell get the last deferred payment on his nine-year, $116,500,000 deal that began all the way back in 2000. 12. This is actually common across MLB contracts. He signed a record-setting contract in 1992 that set up payments of $500K per year from 2004-2023. Privacy Policy. However, Donald Fehr, head of the baseball players union, the Major League Baseball Players Assn., said his group has studied unfunded liabilities and, at present, is not particularly concerned. Look up: The 32 most spectacular ceilings in Los Angeles, This fabled orchid breeder loves to chat just not about Trader Joes orchids, UCLAs senior trio has persevered in restoring the Bruins to national prominence, Hes taken the next step: How Boogie Ellis found his game as USCs point guard, Even after Gavin Lux injury, Andrew Friedman hints at patient approach with roster, Elliott: After trading away Jonathan Quick, Kings make more deals ahead of trade deadline, After four decades, trainer Ed Moger gets his first Triple Crown starter. . This Month in Sports Reference Find out when we add a feature or make a change If we were to become convinced otherwise, then wed probably recommend to the players that they make deals for current payments only.. His tweet from March has certainly aged well. 39 . The Mets paid him $37.3 million after the injury, including a buyout, but they also owed him $5 million, at 1.25 percent compound interest, seven years after each year of the deal. . Sutter was a minor-leaguer with a dead arm when Fred Martin, then minor-league pitching coordinator for the Chicago Cubs, taught him the rudiments of throwing the splitter. . Z-Bo deferred 30 percent ($25 million) until 2012-17 when he was starring for the Memphis Grizzlies. But not only did Sutter secure his bag, he agreed to a deferred contract that instead paid him $1.12 million for thirty years, with a $9.1 million payment that was paid on . six-year contract with Atlanta . The Red Sox gave Chris Sale a big-money extension in 2019, keeping him out of the free agent market with a five-year, $145 million deal. A deferred compensation deal is a credit analysis. Thats right: it was deferred until 2022. Baseball is better. His pact provided $4.8 million in deferred money that would pay 13 per cent interest over a 36-year period. Copyright 2023 YB Media, LLC. He posted 300 saves in a 12-year career with the Chicago Cubs, St. Louis Cardinals and . So good. But we chose not to want to let them (the Cubs) have control. Deferred Payments Because Sutter wants part of his salary deferred with interest with a long-term payout, the contract with the Braves apparently will call for half of the annual $1.6. Get the latest news and rumors, customized to your favorite sports and teams. The Cardinals announced that Hall of Fame pitcher and World Series champion Bruce Sutter has passed away. Because Bonilla was traded to Baltimore midway through the deal, the Orioles and Mets split the money. Unlike a lot of long-term NHL deals of that time, it wasnt even cap circumvention he got $4.5 million every season for the 15 years. The Baseball Hall of Fame said Bruce Sutter died in . It took him four years, but eventually the NHL settled for $8 million. The Rockies reworked the final years of Todd Heltons giant contract, giving him $9.9 million for his age-39 and -40 seasons, while he deferred $13.1 million over 10 years. --The contract calls for six years of pitching. Note: All salary figures do not include bonuses or deferred payments.