The details of Ted Lilly's three-year, $33 million contract with the Los Angeles Dodgers have emerged, and the contract is heavily back-loaded. In addition to receiving a full no-trade clause for the first two years of the contract, Lilly will receive a $3.5 million signing bonus that is spread over the life of the contract. Beth Harris of the Associated Press has the details:
Harris also notes that the signing bonus installments will be paid on April 1 of 2011, 2012, and 2013. The SB Nation blog True Blue LA estimates the 2011 Dodgers payroll at roughly $94.3 million, with a few more holes left to fill, namely at least one more starting pitcher and a starting outfielder. The total Dodger payroll in 2010 was $99.7 million.
Lilly went 10-12 with a 3.62 ERA in 2010 with both the Cubs and Dodgers. He turns 35 on January 4.
For more Dodgers news and information, be sure to read True Blue LA.